NYSE$CDRE
Cadre Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Increased quarterly revenue, net income, and gross margin sequentially and year-over-year and achieved second consecutive quarter of record adjusted EBITDA and adjusted EBITDA margin.
Cadre Holdings reported strong Q3 2023 results with increased revenue, net income, and gross margin year-over-year. The company achieved a record adjusted EBITDA margin and raised its full-year adjusted EBITDA guidance range.
- Net sales reached $125.1 million for the third quarter.
- Gross profit margin was 42.8% for the third quarter.
- Net income was $11.1 million, or $0.29 per diluted share, for the third quarter.
- Adjusted EBITDA was $23.7 million for the third quarter, with an Adjusted EBITDA margin of 19.0%.
Headline financials
Revenue & EPS history
Cadre Holdings · Revenue · Quarterly
$125M
Revenue by segment
Cadre Holdings · $24.2M total across 1 segment · Q3 2023
- Distribution$24.2M-67.2%100.0%
Forward guidance
Cadre expects to generate net sales in the range of $477 million to $481 million and Adjusted EBITDA in the range of $82 million to $85 million for the full year 2023, with capital expenditures expected to be in the range of $7.0 million to $8.0 million.
Tailwinds
- Expects record full-year 2023 net sales between $477 to $481 Million.
- Raises 2023 full-year Adjusted EBITDA guidance range to $82 to $85 Million.
- Strong, sustained demand for mission-critical safety and survivability equipment.
- Implementation of the Cadre operating model, focused on constant improvement and the optimization of outcomes.
- Broad push to prioritize public safety in both the US and internationally.
Headwinds
- Changes to global, social and political economic conditions.
- Spending patterns of government agencies.
- Competitive pressures.
- Logistical challenges related to disruptions and delays.
- Risks of doing business in the markets in which we operate, including foreign countries.
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 2023
+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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