Cadre Q3 net sales $111.6M, net income $4.9M, adj. EBITDA $20.7M; reaffirms FY guidance

Cadre Holdings, Inc.

2022-Q3 EPS reported -$0.02 revenue$334,192,000

Net sales $111.6M (+13% YoY); net income $4.9M ($0.13 diluted) vs loss $5.3M in Q3 2021.
Adjusted EBITDA $20.7M, margin 18.6% (up 300 bps vs Q2 2022).
Declared quarterly dividend $0.08/share, payable Nov 14 to holders of record Nov 1.
FY 2022 guidance: net sales $444M-$452M, adj. EBITDA $72.5M-$77.5M, conversion 92-95%.
Pricing exceeded 1% above inflation target; M&A pipeline remains robust.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cadre Holdings, Inc. reported the nine months ended September 30, 2022 results: revenue $334.2 million, net income net loss of $0.8 million, EPS $0.02 per diluted share. Guidance reaffirmed.

Period: the nine months ended September 30, 2022
Revenue: $334.2 million
Net income: net loss of $0.8 million
EPS: $0.02 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

● Net sales of $111.6 million for the third quarter; net sales of $334.2 million for the nine months ended September 30, 2022 ● Gross profit margin of 39.2% for the third quarter; gross profit margin of 38.0% for the nine months ended September 30, 2022 ● Net income of $4.9 million, or $0.13 per diluted share, for the third quarter; net loss of $0.8 million, or $0.02 per diluted share, for the nine months ended September 30, 2022 ● Adjusted EBITDA of $20.7 million for the third quarter; Adjusted EBITDA of $53.3 million for the nine months ended September 30, 2022 ● Adjusted EBITDA margin of 18.6% for the third quarter; Adjusted EBITDA margin of 16.0% for the nine months ended September 30, 2022 ● Adjusted EBITDA conversion of 97% for the third quarter; Adjusted EBITDA conversion of 94% for the nine months ended September 30, 2022 ● Declared quarterly cash dividend of $0.08 per share in October 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cadre Holdings, Inc. reported the quarter ended September 30, 2022 results: revenue $111.6 million, net income $4.9 million, EPS $0.13 per diluted share. Guidance reaffirmed.

Period: the quarter ended September 30, 2022
Revenue: $111.6 million
Net income: $4.9 million
EPS: $0.13 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

● Net sales of $111.6 million for the third quarter; net sales of $334.2 million for the nine months ended September 30, 2022 ● Gross profit margin of 39.2% for the third quarter; gross profit margin of 38.0% for the nine months ended September 30, 2022 ● Net income of $4.9 million, or $0.13 per diluted share, for the third quarter; net loss of $0.8 million, or $0.02 per diluted share, for the nine months ended September 30, 2022 ● Adjusted EBITDA of $20.7 million for the third quarter; Adjusted EBITDA of $53.3 million for the nine months ended September 30, 2022 ● Adjusted EBITDA margin of 18.6% for the third quarter; Adjusted EBITDA margin of 16.0% for the nine months ended September 30, 2022 ● Adjusted EBITDA conversion of 97% for the third quarter; Adjusted EBITDA conversion of 94% for the nine months ended September 30, 2022 ● Declared quarterly cash dividend of $0.08 per share in October 2022

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Cadre Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-017444

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