secwatch.observer — SEC 8-K summary
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Issuer:     Cadre Holdings, Inc. (CDRE)
CIK:        0001860543
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001558370-23-008849
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadre Holdings Q1 net sales $111.7M, net income $7.0M, reaffirms FY2023 guidance
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- Net sales $111.7M (+7% YoY); net income $7.0M vs net loss $10.2M in prior year.
- Gross profit margin 41.7% (up 320 bps); Adjusted EBITDA $18.6M (+31% YoY) margin 16.6%.
- Declared quarterly dividend $0.08/share (annualized $0.32); payable May 19 to holders of record May 5.
- Reaffirmed FY2023 guidance: net sales $463-493M, Adj EBITDA $76-82M, capex $8.5-9.5M.
- CEO notes patient M&A approach; expects attractive opportunities to materialize in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860543/000155837023008849/0001558370-23-008849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860543/000155837023008849/cdre-20230509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008849

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