Cadre (US:CDRE)2024-08-12 21:22Q2 2024 Financial Highlights - Net sales for Q2 2024 were $144.3 million, compared to $121.1 million in Q2 2023, representing a year-over-year growth of 19%[7] - Adjusted EBITDA for Q2 2024 was $28.3 million, compared to $22.8 million in Q2 2023, a 24% increase year-over-year[7] - Adjusted EBITDA margin improved by 80 basis points year-over-year and 180 basis points sequentially, reaching 19.6% in Q2 2024[7] - Net income for Q2 2024 was $12.6 million, or $0.31 per diluted share, compared to $11.0 million, or $0.29 per diluted share in Q2 2023[7] Full Year 2024 Guidance - The company projects net sales between $571 million and $582 million[8, 13] - Adjusted EBITDA is expected to be in the range of $103 million to $109 million[8, 13] - Capital expenditures are estimated to be between $7 million and $9 million[13] Capital Structure - As of June 30, 2024, the company had cash and cash equivalents of $105.903 million[11] - Total debt, net of capitalized discount/issuance costs, was $211.361 million[11] - Net debt (total debt net of cash) was $105.458 million[11]