NYSE$CDRE
Cadre Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Cadre Holdings' second quarter results for 2024 were reported, showcasing growth in quarterly net sales and net income year-over-year.
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%.
Headline financials
Revenue & EPS history
Cadre Holdings · Revenue · Quarterly
$144M
Revenue by segment
Cadre Holdings · $24.2M total across 1 segment · Q3 2023
- Distribution$24.2M-67.2%100.0%
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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
+0.7%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.1%
Avg return
30 days after
64%
14 / 22 earnings
Positive
+20.3%
Q1 2025
Best reaction
-13.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.3% | -1.0% | -1.1% | |
| Q4 2025 | -13.3% | -19.2% | -19.8% | |
| Q3 2025 | -3.6% | -3.3% | -5.0% | |
| Q1 2025 | +20.3% | +20.8% | +16.5% | |
| Q4 2024 | +5.1% | -3.3% | -8.2% | |
| Q3 2024 | -3.8% | -1.5% | +0.5% | |
| Q2 2024 | -0.6% | -0.7% | -1.0% | |
| Q1 2024 | -12.2% | -9.5% | -6.8% | |
| Q4 2023 | +0.2% | +3.9% | -2.9% | |
| Q3 2023 | +6.3% | +12.0% | +11.6% | |
| Q2 2023 | +8.5% | +7.5% | +10.1% | |
| Q1 2023 | +2.7% | +2.7% | -3.6% | |
| Q4 2022 | -7.3% | -7.9% | +9.3% | |
| Q3 2022 | +4.1% | -11.4% | -18.5% | |
| Q2 2022 | -4.1% | +1.2% | +3.9% | |
| Q1 2021 | +0.6% | +0.5% | -20.2% | |
| Q1 2022 | +3.1% | +3.8% | -7.7% | |
| Q2 2021 | +4.7% | +6.6% | +3.9% | |
| Q4 2021 | -2.8% | +7.9% | +3.9% | |
| Q4 2020 | +1.1% | -1.3% | +27.0% | |
| Q3 2020 | +1.1% | -1.3% | +27.0% | |
| Q3 2021 | +1.1% | -1.3% | +27.0% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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