CADRE HOLDINGS Reports USD 121.1 Million in Q2 FY2023 Earnings, Up 2.4% Y/Y
August 12, 2023
🌥️Earnings Overview
On August 8th, 2023, CADRE HOLDINGS ($NYSE:CDRE) reported their fiscal year 2023 second quarter earnings results, which showed a total revenue of USD 121.1 million, representing an increase of 2.4% year-on-year. Similarly, net income for the period was up by 147.5% compared to the same quarter in the prior year, amounting to USD 11.0 million.
Analysis
GoodWhale has conducted an analysis of the wellbeing of CADRE HOLDINGS. The results of the analysis produced a medium risk rating, indicating that there are some financial and business risks associated with investing in this company. GoodWhale has identified three potential risks based on data from the company’s income sheet, balance sheet, and cashflow statement. To access more details regarding these risks, it is necessary to register with GoodWhale. By taking into account this information, it is possible to make a more informed decision about investing in CADRE HOLDINGS. It is important to note, however, that this risk rating should not be the only factor taken into consideration when making investment decisions. GoodWhale provides detailed data and helpful insights that can be used to inform decisions, but ultimately it is up to the investor to weigh the pros and cons of every investment opportunity. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cadre Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 468.03 | 29.53 | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cadre Holdings. More…
| Operations | Investing | Financing |
| 49.66 | -4.31 | -18.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cadre Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 399.92 | 219.42 | 4.8 |
Key Ratios Snapshot
Some of the financial key ratios for Cadre Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.9% | -9.4% | 10.8% |
| FCF Margin | ROE | ROA |
| 9.7% | 18.1% | 7.9% |
Peers
Its main competitors are Tel Instrument Electronics Corp, Environmental Tectonics Corp, and XTEK Ltd.
– Tel Instrument Electronics Corp ($OTCPK:TIKK)
Instrument Electronics Corp is a manufacturer of electronic instruments. The company has a market cap of 7.29M as of 2022 and a return on equity of 6.89%. The company manufactures electronic instruments for a variety of industries, including medical, aerospace, and automotive.
– Environmental Tectonics Corp ($OTCPK:ETCC)
Tectonics is a global engineering and construction firm specializing in the design and construction of critical infrastructure projects. The company has a market cap of $17.4 million and a return on equity of 17.46%. Tectonics has a long history of delivering complex, high-profile projects on time and on budget. The company has a strong track record in the delivery of critical infrastructure projects, including power plants, dams, and bridges.
– XTEK Ltd ($ASX:XTE)
XTEK Ltd is a provider of high-tech solutions for the Australian and international defence, law enforcement and commercial markets. The company has a market cap of 54.95M as of 2022 and a Return on Equity of -21.21%. XTEK provides a range of products and services including drones, body armour, and forensics solutions. The company has a strong presence in the Australian market and is expanding its international reach.
Summary
CADRE HOLDINGS‘ recently reported Q2 financial results for FY2023 reveal a positive picture for investors: total revenue for the quarter increased by 2.4%, and net income surged 147.5% year-on-year. This impressive performance could be attributed to the company’s successful cost management strategies, as well as their focus on expanding its customer base and exploring new markets. These positive results demonstrate the company’s ability to weather the current economic slowdown, highlighting its potential for long-term growth and profitability. Investors may be wise to consider CADRE HOLDINGS as a viable investment opportunity in the near future.
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