Cadre Holdings, Inc. (NYSE:CDRE) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET
Company Participants
Matt Berkowitz - Investor Relations
Warren Kanders - Chairman & Chief Executive Officer
Brad Williams - President
Blaine Browers - Chief Financial Officer
Conference Call Participants
Daniel Imbro - Stephens Inc.
Jeff Van Sinderen - B. Riley
Ron Epstein - Bank of America
Mark Smith - Lake Street Capital Markets
Operator
Good afternoon, and welcome to Cadre Holdings Third Quarter Ended September 30, 2023 Conference Call. Today's call is being recorded. [Operator Instructions]
At this time, I would like to turn the conference over to Matt Berkowitz of the IGB Group for introductions and the reading of the Safe Harbor statement. Please go ahead sir.
Matt Berkowitz
Thank you, and welcome to Cadre Holdings third quarter conference call.
Before we begin, I would like to remind everyone that during today's call, we will be making several forward-looking statements and we make these statements under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our best estimates and assumptions based on our understanding of information known to us today. These forward-looking statements are subject to the risks and uncertainties that face Cadre and industries and markets in which we operate. More information on potential factors that could affect Cadre's financial results is included from time to time in Cadre's public reports filed with the Securities and Exchange Commission. Please also note that we have posted presentation materials on our website at www.cadre-holdings.com, which supplement our comments this evening and include a reconciliation of certain non-GAAP financial measures.
I would like to remind everyone that this call will be available for replay through November 22, 2023 starting at 8 p.m. Eastern Time tonight. A webcast replay will also be available via the link provided in today's press release as well as on Cadre's website.
At this time, I would like to turn the call over to Cadre's Chairman and CEO. Warren Kanders.
Warren Kanders
Good afternoon, and thank you for joining Cadre's earnings call to discuss our results for the third quarter of 2023. I am joined today by our President, Brad Williams; and our Chief Financial Officer, Blaine Browers.
Coming off of the third quarter of 2023, I continue to be very proud of the focus and execution our management team has demonstrated in achieving record results and adjusted EBITDA and adjusted EBITDA margins for the second consecutive quarter. Brad, Blaine and the team's implementation of the Cadre operating model is driving these results. As I said last quarter, this execution creates operating leverage by using superior operating tools and business processes to produce profitability improvements above our natural growth rate. We've continued rolling the model out across our entire portfolio, and we are gaining momentum as we do. Brad and Blaine will go into more detail later but the results here speak for themselves.