Cadre Holdings Q2 net sales $121.1M, adj. EBITDA $22.8M record; raises FY adj. EBITDA guidance to $80-84M

Cadre Holdings, Inc.

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

Net sales $121.1M (Q2), up 2.5% YoY; net income $11.0M ($0.29 diluted EPS) vs $4.4M prior year.
Record quarterly Adjusted EBITDA $22.8M (18.8% margin) vs $18.4M (15.6%) prior year.
Gross profit margin improved to 41.9% from 36.6% YoY, driven by pricing, mix, and productivity.
Full-year 2023 guidance: net sales $472-484M; Adjusted EBITDA raised to $80-84M; capex $8-9M.
Quarterly dividend of $0.08 per share 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 0.9

Cadre Holdings, Inc. reported the fiscal year ending December 31, 2023 results: revenue $472 to $484 Million. Guidance raised.

Period: the fiscal year ending December 31, 2023
Revenue: $472 to $484 Million
Guidance: raised
Result: guidance update

Exact text from the filing

Expects Full-Year 2023 Net Sales of $472 to $484 Million and Raises 2023 Full-Year Adjusted EBITDA Range to $80 to $84 Million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

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.

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

Exact text from the filing

Net sales of $121.1 million for the second quarter; net sales of $232.8 million for the six months ended June 30, 2023 ● Gross profit margin of 41.9% for the second quarter; gross profit margin of 41.8% for the six months ended June 30, 2023 ● Net income of $11.0 million, or $0.29 per diluted share, for the second quarter; net income of $18.0 million, or $0.48 per diluted share, for the six months ended June 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cadre Holdings, Inc. reported the six months ended June 30, 2023 results: revenue $232.8 million, net income $18.0 million, EPS $0.48 per diluted share.

Period: the six months ended June 30, 2023
Revenue: $232.8 million
Net income: $18.0 million
EPS: $0.48 per diluted share
Result: reported results

Exact text from the filing

Net sales of $121.1 million for the second quarter; net sales of $232.8 million for the six months ended June 30, 2023 ● Gross profit margin of 41.9% for the second quarter; gross profit margin of 41.8% for the six months ended June 30, 2023 ● Net income of $11.0 million, or $0.29 per diluted share, for the second quarter; net income of $18.0 million, or $0.48 per diluted share, for the six months ended June 30, 2023

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Source: SEC EDGAR

accession 0001558370-23-014031

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