NYSE$CDRE

Cadre Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Cadre Holdings achieved net income and Adjusted EBITDA growth and expanded Adjusted EBITDA margin, exceeding pricing growth target above inflation.

Cadre Holdings reported strong Q3 2022 results, with net sales of $111.6 million and net income of $4.9 million. The company also generated $20.7 million of Adjusted EBITDA, with an Adjusted EBITDA margin of 18.6%.

  • Net sales of $111.6 million for the third quarter
  • Gross profit margin of 39.2% for the third quarter
  • Net income of $4.9 million, or $0.13 per diluted share, for the third quarter
  • Adjusted EBITDA of $20.7 million for the third quarter

Headline financials

Total Revenue

$112M

Previous: $98.7M+13.1%
EPS (adj)

$0.13

Previous: $0.36-63.9%
Adjusted EBITDA

$20.7M

No prior period
Adjusted EBITDA Margin

18.6%

No prior period
Gross Profit Margin

39.2%

No prior period
Capital Expenditures

-$2.94M

Previous: -$2.23M-32.0%
Free Cash Flow

$2M

Previous: -$7.53M+126.6%
Net Income

$4.94M

Previous: -$5.31M+193.1%
Operating Income

$10.3M

Previous: $11.5M-10.6%
Gross Profit

$43.7M

Previous: $39.3M+11.3%
Cash & Equivalents

$36.4M

Previous: $15.3M+138.0%
Total Assets

$375M

Previous: $302M+24.2%
Stock-Based Comp

$2.66M

No prior period

Revenue & EPS history

Cadre Holdings · Revenue · Quarterly

$112M

Q3 2022+13.1%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Cadre Holdings · $352M total across 2 segments · Q3 2022

  • Product
    $278M
  • Distribution
    $73.8M

Forward guidance

For the full year 2022, Cadre expects to generate net sales in the range of $444.0 million to $452.0 million and Adjusted EBITDA in the range of $72.5 million and $77.5 million. Cadre expects Adjusted EBITDA conversion in the range of 92-95% for the full year.

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 Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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