NYSE$CDRE
Cadre Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Cadre Holdings' Q4 2023 earnings were reported, revealing a mix of increased revenue and strategic acquisitions.
Cadre Holdings reported Q4 2023 net sales of $124.6 million compared to $123.6 million for the same quarter in the prior year. Net income for the quarter was $9.6 million, or $0.25 per diluted share, compared to $6.6 million in the prior year. The company's Adjusted EBITDA for the quarter was $20.7 million, representing a 16.6% margin.
- Net sales for the fourth quarter reached $124.6 million.
- Gross profit margin for the fourth quarter was 39.9%.
- Net income for the fourth quarter was $9.6 million, or $0.25 per diluted share.
- Adjusted EBITDA for the fourth quarter was $20.7 million, with a margin of 16.6%.
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
For the full year 2024, Cadre expects to generate net sales in the range of $553 million to $572 million and Adjusted EBITDA in the range of $104 million and $108 million. We expect capital expenditures to be in the range of $8 million to $10 million.
Tailwinds
- Anticipates net sales between $553 million and $572 million for full year 2024.
- Expects Adjusted EBITDA to be in the range of $104 million to $108 million for full year 2024.
- Capital expenditures are projected to be between $8 million and $10 million.
- Strategic acquisitions of ICOR Technology and Alpha Safety are expected to contribute to growth.
- Ongoing implementation of the Cadre operating model and strong secular tailwinds are expected to drive performance.
Headwinds
- Has not provided net income guidance due to forecasting difficulty.
- Logistical challenges related to supply chain disruptions and delays
- The impact of inflation
- Increased expenses associated with being a public company
- Our ability to integrate the operations of the businesses we have acquired, including, without limitation, ICOR Technology Inc. and Alpha Safety, and may acquire in the future
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 Q4 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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