🔴 Compass Diversified Holdings is trading 5.7% down today after industrial outlook cut

Compass Diversified Holdings is trading at $11.61, down 5.69%, after management lowered its industrial outlook.

• November 4 results showed industrial adjusted EBITDA down 19.6% year over year; management lowered the outlook to $80–85 million and narrowed full-year guidance.
• Branded consumer strength and a revenue beat partly offset industrial weakness; the broader market selloff may also weigh on shares.
• The release came after the November 4 close and was the clearest company-specific catalyst for the November 5 decline.