earnings
confidence high
sentiment negative
materiality 0.75
Cadre Holdings Q3 net sales $109.4M (-12.6% YoY); cuts FY2024 guidance on cyber incidents
Cadre Holdings, Inc.
2024-Q3 EPS reported
$0.58
revenue$391,577,000
- Net sales $109.4M vs $125.1M YoY; net income $3.7M ($0.09 diluted EPS) vs $11.1M.
- Adjusted EBITDA $13.5M vs $23.7M YoY; margin 12.4% vs 19.0%.
- Cybersecurity incidents in July and Sept 2024 disrupted production and order fulfillment.
- FY2024 guidance lowered: net sales $560M-$571M, Adjusted EBITDA $101M-$107M.
- Declared quarterly dividend $0.0875/share; net debt $115.1M.