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Investing.com -- Compass Diversified Holdings (NYSE:CODI) stock climbed 4.9% on Friday as the company announced plans to host a conference call to discuss the restatement of its financial results.
The owner of middle-market branded consumer and industrial businesses will hold the call on Thursday, December 4, 2025, at 5:00 p.m. ET to address the restatement of financial results for fiscal years 2022, 2023, and 2024, along with unaudited financial information for interim periods within those years.
The restatement follows an internal investigation into Lugano, which filed for Chapter 11 bankruptcy on November 16. This filing has led to Lugano’s deconsolidation from CODI’s financial statements beginning in the fourth quarter of 2025.
The removal of Lugano from CODI’s balance sheet allows the company to concentrate on its other performing subsidiaries. As Lugano’s senior secured lender, Compass Diversified is providing debtor-in-possession financing through the bankruptcy process, potentially preserving some value from the troubled asset.
Market participants appear to view the upcoming conference call as a significant step toward finalizing and filing the restated financials, which could help resolve uncertainties that have caused volatility and delays in the company’s SEC filings.
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