Compass Diversified Holdings Announces Restated Financial Results for 2024 Following Discovery of Irregularities

Reuters

02 Jun

<a href="https://laohu8.com/S/CODI">Compass Diversified Holdings</a> Announces Restated Financial Results for 2024 Following Discovery of Irregularities

Compass Diversified Holdings recently announced that its financial results for fiscal year 2024 have been restated. The company revealed that an ongoing investigation identified irregularities in the financial practices of its subsidiary, Lugano Holdings, Inc. These issues involved unrecorded financing arrangements and discrepancies in sales, cost of sales, inventory, and accounts receivable. As a result, Compass determined that its 2024 financial statements should no longer be relied upon. The restatement has prompted delays in the release of its Q1 2025 Form 10-Q. Additionally, Lugano's founder and CEO, Mordechai Ferder, has resigned without receiving any severance compensation. Following these announcements, Compass's stock price experienced a significant drop.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1034073) on June 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2540947793"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2540947793\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2540947793?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-02 21:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2540947793","market":"nz","top_or_hot":-1,"title":"Compass Diversified Holdings Announces Restated Financial Results for 2024 Following Discovery of Irregularities","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/CODI\">Compass Diversified Holdings</a> Announces Restated Financial Results for 2024 Following Discovery of Irregularities\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Compass Diversified Holdings recently announced that its financial results for fiscal year 2024 have been restated. The company revealed that an ongoing investigation identified irregularities in the financial practices of its subsidiary, Lugano Holdings, Inc. These issues involved unrecorded financing arrangements and discrepancies in sales, cost of sales, inventory, and accounts receivable. As a result, Compass determined that its 2024 financial statements should no longer be relied upon. The restatement has prompted delays in the release of its Q1 2025 Form 10-Q. Additionally, Lugano's founder and CEO, Mordechai Ferder, has resigned without receiving any severance compensation. Following these announcements, Compass's stock price experienced a significant drop.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1034073) on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Compass Diversified Holdings Announces Restated Financial Results for 2024 Following Discovery of Irregularities</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCompass Diversified Holdings Announces Restated Financial Results for 2024 Following Discovery of Irregularities\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-02 21:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/CODI\">Compass Diversified Holdings</a> Announces Restated Financial Results for 2024 Following Discovery of Irregularities\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Compass Diversified Holdings recently announced that its financial results for fiscal year 2024 have been restated. The company revealed that an ongoing investigation identified irregularities in the financial practices of its subsidiary, Lugano Holdings, Inc. These issues involved unrecorded financing arrangements and discrepancies in sales, cost of sales, inventory, and accounts receivable. As a result, Compass determined that its 2024 financial statements should no longer be relied upon. The restatement has prompted delays in the release of its Q1 2025 Form 10-Q. Additionally, Lugano's founder and CEO, Mordechai Ferder, has resigned without receiving any severance compensation. Following these announcements, Compass's stock price experienced a significant drop.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1034073) on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDL3pFB3C:1","article_id":"2540947793","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540947793","pubTimestamp":1748869259,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Compass Diversified Holdings recently announced that its financial results for fiscal year 2024 have been restated. The company revealed that an ongoing investigation identified irregularities in the financial practices of its subsidiary, Lugano Holdings, Inc. These issues involved unrecorded financing arrangements and discrepancies in sales, cost of sales, inventory, and accounts receivable. As a result, Compass determined that its 2024 financial statements should no longer be relied upon. The restatement has prompted delays in the release of its Q1 2025 Form 10-Q. Additionally, Lugano's founder and CEO, Mordechai Ferder, has resigned without receiving any severance compensation. Following these announcements, Compass's stock price experienced a significant drop.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Compass Diversified Holdings在发现违规行为后宣布重述2024年财务业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CODI":0.9},"content_text":"Compass Diversified Holdings Announces Restated Financial Results for 2024 Following Discovery of Irregularities\n    \n\n        Compass Diversified Holdings recently announced that its financial results for fiscal year 2024 have been restated. The company revealed that an ongoing investigation identified irregularities in the financial practices of its subsidiary, Lugano Holdings, Inc. These issues involved unrecorded financing arrangements and discrepancies in sales, cost of sales, inventory, and accounts receivable. As a result, Compass determined that its 2024 financial statements should no longer be relied upon. The restatement has prompted delays in the release of its Q1 2025 Form 10-Q. Additionally, Lugano's founder and CEO, Mordechai Ferder, has resigned without receiving any severance compensation. Following these announcements, Compass's stock price experienced a significant drop.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1034073) on June 02, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory,event","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}