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Dec 31, 2022
Cadre Holdings Q4 2022 Earnings Report
Cadre Holdings reported strong Q4 results, exceeding pricing growth target and generating record full year net sales and adjusted EBITDA.
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%.
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%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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