Cadre Q1 record net sales $137.9M (+23% YoY); Adj EBITDA $24.5M; reaffirms FY2024 guidance

Cadre Holdings, Inc.

2024-Q1 EPS reported $0.18 revenue$137,860,000

Record net sales of $137.9M, up 23% YoY; gross profit $57.6M (margin 41.8% vs 41.7%).
Net income $6.9M ($0.18 diluted EPS); Adjusted EBITDA $24.5M (margin 17.8% vs 16.6%).
Completed acquisitions of ICOR Technology (EOD robots) and Alpha Safety (nuclear safety).
Reaffirmed FY2024 guidance: net sales $553M-$572M, Adj. EBITDA $104M-$108M.
Declared quarterly dividend $0.0875/share; net debt increased to $128.8M.

item 2.02 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 quarter ended March 31, 2024 results: revenue 137.9 million, net income 6.9 million, EPS 0.18. Guidance reaffirmed.

Period: quarter ended March 31, 2024
Revenue: 137.9 million
Net income: 6.9 million
EPS: 0.18
Guidance: reaffirmed
Result: reported results

Exact text from the filing

● Net sales of $137.9 million for the first quarter ● Gross profit margin of 41.8% for the first quarter ● Net income of $6.9 million, or $0.18 per diluted share, for the first quarter

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Source: SEC EDGAR

accession 0001558370-24-007054

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