secwatch.observer — SEC 8-K summary
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Issuer:     Cadre Holdings, Inc. (CDRE)
CIK:        0001860543
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001558370-22-013316
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadre Q2 net sales $118.2M (+3.2% YoY); adj. EBITDA $18.4M, net income $4.4M down from $6.8M
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- Net sales $118.2M vs $114.6M Q2 2021; gross margin 36.6% vs 42.1% due to mix and inventory step-up.
- Net income $4.4M ($0.12 diluted EPS) vs $6.8M ($0.25); adjusted EBITDA $18.4M vs $20.5M.
- Completed acquisition of Cyalume Technologies for $35.7M cash on May 5, 2022, funded from credit facilities.
- Declared Q3 dividend $0.08/share; secondary offering raised ~$53.6M net ($47M + $6.6M over-allotment).
- Reaffirmed FY2022 guidance: net sales $444-452M, adj. EBITDA $72.5-77.5M, conversion 92-95%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860543/000155837022013316/0001558370-22-013316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860543/000155837022013316/cdre-20220811x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-013316

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer