Cadre Holdings Q4/FY2022: record sales $457.8M, adj. EBITDA $75.7M; FY2023 outlook $463-493M

Cadre Holdings, Inc.

Record full-year net sales $457.8M (+7.1% YoY); Q4 net sales $123.6M (+19.4% YoY).
GAAP net income $5.8M ($0.16 diluted) for FY2022 vs $12.7M; Q4 net income $6.6M.
Adjusted EBITDA $75.7M (16.5% margin) for FY2022 vs $71.4M; Q4 adj. EBITDA $22.4M (18.1% margin).
FY2023 guidance: net sales $463-493M, adj. EBITDA $76-82M, conversion 87-90%.
Declared Q1 dividend $0.08/share paid Feb 2023; cash $45.3M, net debt $104.4M at year-end.

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 fourth quarter and year ended December 31, 2022 results: revenue $123.6 million for the fourth quarter; net sales of $457.8 million for the year ended December 31, 2022, net income $6.6 million, or $0.17 per diluted share, for the fourth quarter; net income of $5.8 million, or $0.16 per diluted share. Guidance reaffirmed.

Period: the fourth quarter and year ended December 31, 2022
Revenue: $123.6 million for the fourth quarter; net sales of $457.8 million for the year ended December 31, 2022
Net income: $6.6 million, or $0.17 per diluted share, for the fourth quarter; net income of $5.8 million, or $0.16 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Cadre Holdings Reports Fourth Quarter and Full Year 2022 Financial Results

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Cadre Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-003877

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