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Cadre Holdings, Inc.
5/12/2022
Good afternoon and welcome to the Conrad Holdings first quarter ended March 31st, 2022 conference call. Today's conference is being recorded and all lines have been placed on mute. If you would like to ask a question at the end of the prepared remarks, please press star one on your touchtone phone. 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 State Parlor Statement. Please go ahead, sir.
Thank you, and welcome to CADRE Holdings' first quarter 2022 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 the 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. Let's 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 May 26, 2022, starting at 8 p.m. Eastern time tonight. The 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'd like to turn the call over to CADRE's Chairman and CEO, Warren Kanders.
Warren Kanders Thank you very much, and good afternoon. Thank you for joining CADRE's earnings call to discuss our results for the first quarter of 2022. I'm joined today by our President, Brad Williams, and CFO, Lane Browers. Following a year of record net sales and adjusted EBITDA that also included the successful completion of our IPO, we continued to position CADRE to create long-term shareholder value. We have now completed two accretive acquisitions since our November 2021 IPO that further expand CADRE's international presence and add multiple growth avenues. We are incredibly proud that in a short period of time as a public company, we have made considerable progress delivering on the M&A strategy we laid out to our investors. We remain excited about both our long-term and near-term outlook and have increased our 2022 guidance. This is reflective of our success accelerating growth through acquisitions as well as our team's strong execution in a challenging macro environment. Brad, over to you.
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