Cadre Holdings, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	S-1
Revenues:
International	106.6	107.5	68.7	89.4
United States	351.2	319.8	336.0	331.4
Total revenues	457.8	427.3	404.6	420.7
Revenue growth [+]	7.1%	5.6%	-3.8%
International	-0.8%	56.6%	-23.2%
United States	9.8%	-4.8%	1.4%
Distribution	7.8%	6.0%	8.6%
Cost of goods sold	282.6	257.3	253.0	276.4
Gross profit	175.2	170.0	151.6	144.3
Gross margin	38.3%	39.8%	37.5%	34.3%
Selling, general and administrative	153.3	115.0	106.6	124.3
Other operating expenses	5.2	3.3	-4.8	0.3
EBITDA [+]	32.4	65.4	64.5	35.2
EBITDA growth	-50.5%	1.4%	83.4%
EBITDA margin	7.1%	15.3%	15.9%	8.4%
Depreciation	6.9	5.1	5.5	6.6
EBITA	25.5	60.3	59.0	28.6
EBITA margin	5.6%	14.1%	14.6%	6.8%
Amortization of intangibles	8.8	8.6	9.2	8.8
EBIT [+]	16.7	51.7	49.8	19.8
EBIT growth	-67.7%	3.8%	152.1%
EBIT margin	3.7%	12.1%	12.3%	4.7%
Non-recurring items [+]				-7.6
Loss (gain) on sale of assets				-7.6
Interest expense	6.2	16.4	24.4	29.8
Interest expense	6.2	16.4	24.4	29.8
Other income (expense), net [+]	-1.1	-16.1	2.5	0.4
Gain (loss) on debt retirement		-15.2	-0.2
Other	-1.1	-0.9	2.7	0.4
Pre-tax income	9.4	19.2	27.9	-2.1
Income taxes	3.6	6.5	-10.6	-0.1
Tax rate	37.9%	34.0%		6.9%
Net income	5.8	12.7	38.5	-1.9
Net margin	1.3%	3.0%	9.5%	-0.5%

Basic EPS [+]	$0.16	$0.44	$1.40	($0.07)
Growth	-63.6%	-68.4%	-2088.6%
Diluted EPS [+]	$0.16	$0.44	$1.40	($0.07)
Growth	-63.6%	-68.4%	-2088.6%

Dividends per share [+]	$0.32	$0.45
Growth	-28.5%

Shares outstanding (basic) [+]	36.1	28.6	27.5	27.4
Growth	26.3%	4.1%	0.3%
Shares outstanding (diluted) [+]	36.1	28.6	27.5	27.4
Growth	26.3%	4.1%	0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.