Loading...
•
Jun 30, 2024
Cadre Holdings Q2 2024 Earnings Report
Cadre Holdings' second quarter results for 2024 were reported, showcasing growth in quarterly net sales and net income year-over-year.
Key Takeaways
Cadre Holdings reported a strong second quarter in 2024, with net sales increasing by 19% year-over-year to $144.3 million and net income rising by 14% year-over-year to $12.6 million. Adjusted EBITDA increased to $28.3 million with an adjusted EBITDA margin of 19.6%. The company is actively evaluating M&A opportunities and remains on track to deliver double-digit net sales and adjusted EBITDA growth in 2024.
Net sales reached $144.3 million for the second quarter of 2024.
Gross profit margin was 40.6% for the second quarter.
Net income was $12.6 million, or $0.31 per diluted share, for the second quarter.
Adjusted EBITDA was $28.3 million for the second quarter, with a margin of 19.6%.
Revenue by Segment
Forward Guidance
Due to limited production stemming from the recent cyber incident, Cadre has modified its full year guidance for 2024. The Company now expects to generate net sales in the range of $571 million to $582 million and Adjusted EBITDA in the range of $103 million and $109 million. We expect capital expenditures to be in the range of $7 million to $9 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...