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Sep 30, 2024
Cadre Holdings Q3 2024 Earnings Report
Cadre Holdings' financial performance for Q3 2024 was impacted by cybersecurity incidents, resulting in decreased net sales and net income compared to Q3 2023, while the company focused on long-term growth through innovation, strategic acquisitions, and market leadership.
Key Takeaways
Cadre Holdings reported net sales of $109.4 million and a net income of $3.7 million for the third quarter of 2024. The results were impacted by cybersecurity incidents that temporarily disrupted business operations. The company is focused on long-term growth through innovation, strategic acquisitions, and maintaining market leadership.
Net sales for the third quarter were $109.4 million, compared to $125.1 million in the same period of 2023.
Gross profit was $40.0 million, with a gross profit margin of 36.6%.
Net income was $3.7 million, or $0.09 per diluted share.
Adjusted EBITDA was $13.5 million, with an Adjusted EBITDA margin of 12.4%.
Cadre Holdings
Cadre Holdings
Cadre Holdings Revenue by Segment
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CapyFin.com Forward Guidance
Cadre Holdings has modified its full year guidance for 2024 and now expects to generate net sales in the range of $560 million to $571 million and Adjusted EBITDA in the range of $101 million and $107 million. We expect capital expenditures to be in the range of $6 million to $8 million.