Cadre Holdings reports record FY2023 revenue $482.5M; raises dividend 9.4%; guides 2024 sales $553M-$572M

Cadre Holdings, Inc.

Q4 net sales $124.6M; full-year net sales $482.5M (+5.4% YoY); full-year gross margin 41.6% vs 38.4% prior.
Full-year net income $38.6M ($1.02 diluted EPS) vs $5.8M; Adjusted EBITDA $85.8M (17.8% margin) vs $75.7M.
Quarterly dividend raised to $0.0875/share ($0.35 annualized), a 9.4% increase over prior $0.32 annualized.
Completed accretive acquisitions: ICOR Technology (Jan 2024) and Alpha Safety for $106.5M (March 2024).
2024 guidance: net sales $553M-$572M, Adj EBITDA $104M-$108M, implying ~16.5% revenue and ~23.5% Adj EBITDA growth.

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 fourth quarter and year ended December 31, 2023 results: revenue $124.6 million for the fourth quarter; net sales of $482.5 million for the year ended December 31, 2023, net income Net income of $9.6 million, or $0.25 per diluted share, for the fourth quarter; net income of $38.6 million, or $1.02 pe. Guidance initiated.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $124.6 million for the fourth quarter; net sales of $482.5 million for the year ended December 31, 2023
Net income: Net income of $9.6 million, or $0.25 per diluted share, for the fourth quarter; net income of $38.6 million, or $1.02 pe
Guidance: initiated
Result: reported results

Exact text from the filing

On March 5, 2024, Cadre Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Cadre Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-002481

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.