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.

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Cadre Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-002481

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