Compass Diversified’s sporting goods industry brands mostly underperformed in the second quarter, the company revealed in an SEC filing that was delayed by its Lugano segment fraud investigation. 5.11 was the sole brand to post a sales increase, gaining 7% in Q2 to $131,442,000 from $123,201,000, with strength in wholesale and direct-to-consumer partially offset by lower government agency sales, but operating profit slipped 9% to $9,754,000 from $10,699,000. Boa sales declined 11% to $48,369,000 from $54,160,000 and profits dropped 15% to $14,046,000 against $16,470,000. Continued growth in snow sports, cycling, and ... Log in to view full article.