secwatch.observer — SEC 8-K summary
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Issuer:     Cadre Holdings, Inc. (CDRE)
CIK:        0001860543
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001558370-24-002481
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 reports record FY2023 revenue $482.5M; raises dividend 9.4%; guides 2024 sales $553M-$572M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860543/000155837024002481/0001558370-24-002481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860543/000155837024002481/cdre-20240305x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002481

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