Compass Group Diversified 8-K Condensed Consolidated Statements of Operations

Exhibit 99.1

Compass Diversified Holdings

Condensed Consolidated Statements of Operations

(unaudited)

(in thousands, except per share data)	Three Months Ended March 31, 2014			Three Months Ended March 31, 2013
Net sales	$	246,048		$	241,567
Cost of sales		169,696			165,194
Gross profit		76,352			76,373
Operating expenses:
Selling, general and administrative expense		46,173			41,209
Supplemental put expense		—			6,396
Management fees		4,735			4,316
Amortization expense		7,349			7,630
Operating income		18,095			16,822
Other income (expense):
Interest income		9			2
Interest expense		(4,581	)		(5,341	)
Amortization of debt issuance costs		(570	)		(485	)
Other income, net		184			327
Income before income taxes		13,137			11,325
Provision for income taxes		5,764			7,699
Net income		7,373			3,626
Less: Net income attributable to noncontrolling interest		2,714			2,032
Net income attributable to Holdings	$	4,659		$	1,594
Basic and fully diluted net income per share	$	0.08		$	0.03
Basic and fully diluted weighted average number of shares outstanding		48,300			48,300
Cash distributions declared per share	$	0.36		$	0.36

Compass Diversified Holdings

Condensed Consolidated Statements of Cash Flows

(unaudited)

(in thousands)	Three Months Ended March 31, 2014			Three Months Ended March 31, 2013
Cash flows from operating activities:
Net income	$	7,373		$	3,626
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense		11,985			11,611
Unrealized (gain) loss on interest rate and foreign currency derivatives		92			(385	)
Amortization of debt issuance costs and original issue discount		864			845
Supplemental put expense		—			6,396
Noncontrolling stockholders charges		1,365			1,301
Excess tax benefit on stock-based compensation		(1,061	)		—
Deferred taxes		(594	)		(857	)
Other		(53	)		(71	)
Changes in operating assets and liabilities, net of acquisition:
Increase in accounts receivable		(15,652	)		(18,130	)
Increase in inventories		(7,063	)		(2,010	)
Increase in prepaid expenses and other current assets		(3,274	)		(187	)
Increase (decrease) in accounts payable and accrued expenses		(22	)		17,987
Net cash (used in) provided by operating activities		(6,040	)		20,126
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired		(42,297	)		—
Purchases of property and equipment		(3,631	)		(3,328	)
Payment of interest rate swap		(495	)		—
Proceeds released from escrow related to Staffmark sale		—			93
Other investing activities		7			—
Net cash used in investing activities		(46,416	)		(3,235	)
Cash flows from financing activities:
Net borrowing of debt		41,287			2,363
Distributions paid		(17,388	)		(17,388	)
Net payments related to noncontrolling interest		1,156			(3,090	)
Debt issuance costs		(278	)		—
Excess tax benefit on stock-based compensation		1,061			—
Other		—			(22	)
Net cash provided by (used in) financing activities		25,838			(18,137	)
Foreign currency impact on cash		11			(495	)
Net decrease in cash and cash equivalents		(26,607	)		(1,741	)
Cash and cash equivalents — beginning of period		113,229			18,241
Cash and cash equivalents — end of period	$	86,622		$	16,500

Compass Diversified Holdings

Condensed Consolidated Balance Sheets

(in thousands)	March 31, 2014			December 31, 2013
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	86,622		$	113,229
Accounts receivable, less allowance of $3,758 and $3,424		129,563			111,736
Inventories		168,598			152,948
Prepaid expenses and other current assets		22,630			21,220
Total current assets		407,413			399,133
Property, plant and equipment, net		71,477			68,059
Goodwill		259,982			246,611
Intangible assets, net		336,334			310,359
Deferred debt issuance costs, net		7,918			8,217
Other non-current assets		13,058			12,534
Total assets	$	1,096,182		$	1,044,913
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued expenses	$	117,468		$	118,129
Due to related party		4,330			4,528
Current portion, long-term debt		5,350			2,850
Other current liabilities		4,050			4,623
Total current liabilities		131,198			130,130
Long-term debt		319,471			280,389
Deferred income taxes		59,192			60,024
Other non-current liabilities		23,831			5,435
Total liabilities		533,692			475,978
Stockholders’ equity
Trust shares, no par value, 500,000 authorized; 48,300 shares issued and outstanding at 3/31/14 and 12/31/13		725,453			725,453
Accumulated other comprehensive income		684			693
Accumulated deficit		(265,333	)		(252,761	)
Total stockholders’ equity attributable to Holdings		460,804			473,385
Noncontrolling interests		101,686			95,550
Total stockholders’ equity		562,490			568,935
Total liabilities and stockholders’ equity	$	1,096,182		$	1,044,913

Compass Diversified Holdings

Condensed Consolidated Table of Cash Flows Available for Distribution and Reinvestment (“CAD”)

(unaudited)

(in thousands)	Three Months Ended			Three Months Ended
	March 31, 2014			March 31, 2013
Net income (loss)	$	7,373		$	3,626
Adjustment to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization		11,985			11,611
Amortization of debt issuance costs and original issue discount		864			845
Unrealized loss on derivatives		92			(385	)
Excess tax benefit from subsidiary stock options (1)		(1,061	)		—
Supplemental put expense		—			6,396
Noncontrolling stockholders charges		1,365			1,301
Other		(53	)		(71	)
Deferred taxes		(594	)		(857	)
Changes in operating assets and liabilities		(26,011	)		(2,340	)
Net cash provided by operating activities		(6,040	)		20,126
Plus:
Unused fee on revolving credit facility (2)		600			645
Excess tax benefit from subsidiary stock options (1)		1,061			—
Other		53			71
Changes in operating assets and liabilities		26,011			2,340
Less:
Maintenance capital expenditures (3)		3,104			2,346
FOX CAD (4)		3,494			—
Payment on swap		495			—
Estimated cash flow available for distribution and reinvestment	$	14,592		$	20,836
Distribution paid in April 2014/2013	$	17,388		$	17,388

(1) Represents the non-cash excess tax benefit at FOX related to the exercise of stock options.

(2) Represents the commitment fee on the unused portion of the Revolving Credit Facility.

(3) Excludes growth capital expenditures of approximately $0.5 million and $1.0 million for the three months ended March 31, 2014 and March 31, 2013, respectively.

(4) Represents FOX CAD subsequent to IPO date. For the quarter ended March 31, 2014, the amount includes approximately $7.6 million of EBITDA, less: $2.2 million of cash taxes, $0.9 million of management fees and $0.9 million of maintenance capital expenditures.