Cadre Q2 net sales $121.1M, Adj. EBITDA record $22.8M, raises FY23 guidance

Cadre Holdings, Inc.

2023-Q2 EPS reported $0.48 revenue$232,835,000

Q2 net sales $121.1M (+2.5% YoY); net income $11.0M ($0.29 diluted EPS) vs $4.4M in Q2 2022.
Adjusted EBITDA $22.8M (record) with margin 18.8%, up from 15.6% a year ago.
Gross margin improved 530 bps to 41.9%; product segment margin 43.7%, distribution 23.1%.
FY2023 outlook: net sales $472M–$484M; Adj. EBITDA raised to $80M–$84M; capex $8M–$9M.
Quarterly dividend of $0.08 declared, payable Aug 18, 2023 to holders of record Aug 4.

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 0.95

Cadre Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $121.1 million, net income $11.0 million, EPS $0.29 per diluted share. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $121.1 million
Net income: $11.0 million
EPS: $0.29 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Cadre generated net sales of $121.1 million, as compared to $118.2 million for the quarter ended June 30, 2022

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Cadre Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-013951

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