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Jun 30, 2022
Cadre Holdings Q2 2022 Earnings Report
Cadre Holdings' financial results for Q2 2022 were reported, demonstrating pricing growth above inflation and strong Adjusted EBITDA conversion.
Key Takeaways
Cadre Holdings reported a net sales increase to $118.2 million, with a gross profit margin of 36.6% and net income of $4.4 million. The company exceeded its pricing growth target, grew its orders backlog, and reaffirmed its full-year guidance.
Net sales for the second quarter reached $118.2 million.
Gross profit margin for the second quarter was 36.6%.
Net income for the second quarter amounted to $4.4 million, or $0.12 per diluted share.
Adjusted EBITDA for the second quarter was $18.4 million, with a margin of 15.6%.
Cadre Holdings
Cadre Holdings
Cadre Holdings Revenue by Segment
Revenue by Segment
Product Segment Revenue
CapyFin.comDistribution Segment Revenue
CapyFin.com Forward Guidance
For the full year 2022, Cadre expects to generate net sales in the range of $444.0 million to $452.0 million and Adjusted EBITDA in the range of $72.5 million and $77.5 million. Cadre expects Adjusted EBITDA conversion in the range of 92-95% for the full year.
Positive Outlook
- Net sales are expected to be in the range of $444.0 million to $452.0 million.
- Adjusted EBITDA is expected to be in the range of $72.5 million and $77.5 million.
- Adjusted EBITDA conversion is expected to be in the range of 92-95%.
- The company anticipates continued strong demand for its products.
- The company expects its product portfolio mix to normalize in the second half of 2022.
Challenges Ahead
- Ongoing supply chain disruptions could impact results.
- Changes to global, social, and political economic conditions could impact results.
- Spending patterns of government agencies could impact results.
- Competitive pressures could impact results.
- The impact of acquisitions and related integration activities could impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income