Cadre Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 09:22 pm
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Cadre Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 125.11 million compared to USD 111.55 million a year ago. Net income was USD 11.05 million compared to USD 4.94 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.13 a year ago.
For the nine months, sales was USD 357.95 million compared to USD 334.19 million a year ago. Net income was USD 29.05 million compared to net loss of USD 0.779 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.77 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
Cadre Holdings, Inc. is engaged in manufacturing and distribution of safety products. The Company's equipment provides critical protection to allow users to perform their duties and protect those around them in hazardous or life-threatening situations. The Company's brands include Safariland and Med-Eng, among others. It sells a range of products, including body armor, explosive ordnance disposal equipment and duty gear through both direct and indirect channels. In addition, the Company provides equipment it manufactures as well as third-party products, including uniforms, optics, boots, firearms and ammunition. It also provides a diversified suite of capabilities, including ventilation and containment, engineered containers, field services and maintenance, advanced transportation containers, specialty filters, and radiometric instrumentation. Its products are used across federal, state and local law enforcement, explosive ordnance disposal teams, and emergency medical technicians.