Cadre Hldgs Inc Stock Price, News & Analysis

Cadre Holdings (NYSE: CDRE) reported strong Q2 2024 financial results, with net sales up 19% to $144.3 million and net income increasing 14% to $12.6 million. The company achieved an Adjusted EBITDA of $28.3 million with a margin of 19.6%. For the first half of 2024, net sales reached $282.2 million with a net income of $19.5 million. Cadre's growth was driven by recent acquisitions and higher demand for armor and duty gear products. The company declared a quarterly cash dividend of $0.0875 per share. Despite a recent cyber incident, Cadre maintains its outlook for double-digit growth in 2024, projecting net sales between $571-$582 million and Adjusted EBITDA of $103-$109 million.

Cadre Holdings (NYSE: CDRE), a global leader in safety equipment manufacturing for law enforcement, first responders, military, and nuclear markets, has announced its upcoming second quarter 2024 earnings release and conference call. The financial results for the quarter ending June 30, 2024, will be released on Friday, August 9, 2024, after market close. A conference call to discuss these results is scheduled for Monday, August 12, 2024, at 11:00 a.m. ET.

The call will feature remarks from CEO Warren Kanders, President Brad Williams, and CFO Blaine Browers. Investors can participate by dialing (888)-596-4144 (domestic) or (646)-968-2525 (international) with passcode 3272793. A live webcast will also be available through Cadre's Investor Relations website. For those unable to join live, a replay will be accessible until August 26, 2024.

Cadre Holdings (NYSE: CDRE), a global leader in safety equipment manufacturing and distribution for law enforcement, first responders, military, and nuclear markets, has announced a quarterly cash dividend of $0.0875 per share. This equates to $0.35 per share on an annualized basis. The dividend will be paid on August 16, 2024, to shareholders of record as of the close of business on August 2, 2024. Cadre's Board of Directors retains discretion over future dividend declarations. This announcement demonstrates the company's commitment to returning value to shareholders while maintaining financial flexibility for future growth and operations.

Cadre Holdings, a global leader in safety equipment manufacturing and distribution for law enforcement, first responders, military, and nuclear markets, will host an Analyst and Investor Event on June 12, 2024, in Randolph, New Jersey. The event will feature presentations by CEO Warren Kanders, President Brad Williams, and CFO Blaine Browers, followed by Q&A sessions.

Participants can experience hands-on demonstrations of ICOR robots, defense technology, armor, and SWAT team scenarios. A live webcast will be accessible for virtual attendees from 10:30 am to 12:15 pm ET, with a replay available on the Cadre investor relations website. In-person attendance is and by invitation only.

Cadre Holdings (NYSE: CDRE), specializing in safety equipment for law enforcement, first responders, military, and nuclear markets, announced participation in two upcoming investor conferences. President Brad Williams and CFO Blaine Browers will represent the company. The first is the 24th Annual B. Riley Institutional Investor Conference on May 23, 2024, in Beverly Hills, CA. The second is the Stifel Cross Sector Insight Conference on June 4, 2024, in Boston, MA, where they will present at 1:50 p.m. ET. Presentations will be webcast live via the Investor Relations section of Cadre's website. Management will also engage in investor meetings at these events.

Cadre Holdings, Inc. (NYSE: CDRE) reported strong first quarter 2024 financial results, achieving record net sales of $137.9 million and gross profit of $57.6 million. The company reaffirmed its full-year guidance and declared a quarterly cash dividend. Cadre completed high-margin acquisitions, which led to a growth in net sales and gross margin. Despite increased expenses, the company generated $6.9 million in net income and $24.5 million in Adjusted EBITDA for the quarter.