Cadre Holdings Q4 2022 Earnings Report
Key Takeaways
Cadre Holdings reported Q4 2022 net sales of $123.6 million and net income of $6.6 million, or $0.17 per diluted share. The company exceeded its pricing growth target above inflation and generated adjusted EBITDA of $22.4 million. For full year 2023, Cadre expects net sales of $463 to $493 million and adjusted EBITDA of $76 to $82 million.
Net sales for the fourth quarter reached $123.6 million.
Gross profit margin for the fourth quarter was 39.2%.
Net income for the fourth quarter was $6.6 million, or $0.17 per diluted share.
Adjusted EBITDA for the fourth quarter was $22.4 million, with a margin of 18.1%.
Cadre Holdings
Cadre Holdings
Cadre Holdings 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 and $82 million. Cadre expects Adjusted EBITDA conversion in the range of 87-90% for the full year.
Positive Outlook
- Expected net sales between $463 million and $493 million.
- Adjusted EBITDA projected to be between $76 million and $82 million.
- Anticipated Adjusted EBITDA conversion in the range of 87-90%.