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Mar 31, 2024
Cadre Holdings Q1 2024 Earnings Report
Achieved record quarterly net sales and gross profit, and reaffirmed full-year guidance.
Key Takeaways
Cadre Holdings reported a strong first quarter in 2024, achieving record net sales of $137.9 million and a gross profit of $57.6 million. The company reaffirmed its full-year guidance, reflecting confidence in its operating model and the resilience of its businesses.
Net sales reached $137.9 million.
Gross profit margin was 41.8%.
Net income was $6.9 million, or $0.18 per diluted share.
Adjusted EBITDA totaled $24.5 million, with a margin of 17.8%.
Forward Guidance
For the full year 2024, Cadre expects to generate net sales in the range of $553 million to $572 million and Adjusted EBITDA in the range of $104 million and $108 million. We expect capital expenditures to be in the range of $8 million to $10 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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