earnings
confidence high
sentiment positive
materiality 0.80
Cadre Holdings reports record FY2021 net sales $427.3M, Adj. EBITDA $71.4M; guides FY2022 net sales $434-441M
Cadre Holdings, Inc.
- FY2021 net sales $427.3M (+5.6% YoY); Q4 net sales $103.5M vs $107.6M prior year.
- FY2021 gross margin 39.9% (+210 bps YoY); Adj. EBITDA margin 16.7% (+240 bps YoY).
- FY2021 net income $12.7M ($0.44 diluted EPS) vs $38.5M prior year, impacted by debt extinguishment and tax vs GAAP one-offs.
- Completed accretive acquisition of Radar Leather Division (Italy) on Jan 11, 2022, expanding European duty gear presence.
- Declared quarterly cash dividend $0.08/share in Jan 2022; FY2022 guidance: net sales $434-441M, Adj. EBITDA $70-75.5M.