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Mar 31, 2023
Cadre Holdings Q1 2023 Earnings Report
Achieved revenue, net income, and adjusted EBITDA growth, with expanded gross and adjusted EBITDA margins.
Key Takeaways
Cadre Holdings reported a strong first quarter in 2023, with net sales of $111.7 million and net income of $7.0 million. The company's adjusted EBITDA grew to $18.6 million, with gross profit and adjusted EBITDA margins increasing by 320 and 300 basis points, respectively. Cadre Holdings also reaffirmed its full-year 2023 guidance.
Net sales reached $111.7 million.
Gross profit margin was 41.7%.
Net income was $7.0 million, or $0.19 per diluted share.
Adjusted EBITDA was $18.6 million.
Revenue by Segment
Forward Guidance
For the full year 2023, Cadre expects to generate net sales in the range of $463 million to $493 million and Adjusted EBITDA in the range of $76 million to $82 million. Capital expenditures are expected to be in the range of $8.5 million to $9.5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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