Cadre Holdings, Inc. - CDRE STOCK NEWS

Cadre Holdings, Inc. (NYSE: CDRE) announces the appointment of Deborah DeCotis to its board of directors, effective immediately, expanding the board to five members, four of whom are independent. Ms. DeCotis brings over 45 years of experience in finance and operations, having held significant roles at Morgan Stanley and Sotheby's. Her governance experience includes leadership positions on various boards. CEO Warren Kanders expressed confidence in her contributions towards Cadre’s growth objectives, while Ms. DeCotis indicated excitement about supporting the Company's development and stakeholder value creation.

Cadre Holdings, Inc. (CDRE) reported strong financial results for the year ended December 31, 2021, with net sales of $427.3 million and adjusted EBITDA of $71.4 million. The company achieved a gross profit margin of 39.9% for the year. Despite a decline in net income to $12.7 million compared to $38.5 million in 2020, Cadre expanded its international presence through the acquisition of Radar Leather Division. The company expects net sales for 2022 to range between $434.0 million and $441.0 million and adjusted EBITDA of $70.0 million to $75.5 million.

Cadre Holdings, Inc. (NYSE: CDRE) announced plans to release its fourth-quarter financial results for the period ending December 31, 2021, on March 10, 2022, after market close. The Company will hold a conference call on the same date at 5:00 p.m. ET, featuring CEO Warren Kanders and other executives. The call can be accessed by dialing designated numbers or via a live webcast on Cadre's website. A replay will be available until March 16, 2022. Cadre specializes in safety and survivability equipment for first responders, with products used in over 100 countries.

Cadre Holdings, Inc. (NYSE: CDRE) has declared a quarterly cash dividend of $0.08 per share, translating to an annualized amount of $0.32. The dividend will be paid on February 17, 2022 to shareholders who are on record as of February 4, 2022. The Board of Directors retains discretion over future dividend declarations. Cadre is a leading provider of safety equipment for first responders, operating globally with key products like body armor and explosive ordnance disposal equipment.

Cadre Holdings, Inc. (NYSE: CDRE) has successfully completed its acquisition of Radar Leather Division S.r.l., a leading European duty gear manufacturer. The acquisition is expected to be immediately accretive, enhancing Cadre's product offerings, particularly in Europe. Pietro and Paolo Pellegrini will continue to lead Radar, focusing on growth opportunities. Radar, established in 1957, specializes in high-quality holsters and accessories, primarily generating revenue through distribution partners. This move aims to leverage synergies and create long-term value for stakeholders.

Cadre Holdings, Inc. (NYSE: CDRE) announced a definitive agreement to acquire Radar Leather Division S.r.l., enhancing its international presence. Radar, a family-owned company based in Italy, specializes in duty gear production, primarily serving European markets. This acquisition marks Cadre's first post-IPO and aligns with its growth strategy. The transaction is set to close in January 2022, pending customary conditions. Cadre's CEO expects the deal to be immediately accretive for shareholders and to open new avenues for growth alongside Radar's leadership.

Cadre Holdings, Inc. (CDRE), a leader in safety equipment for first responders, reported Q3 and nine-month results for 2021. Q3 net sales were $98.7 million, down from $105.7 million YoY, while nine-month sales rose to $323.8 million from $297.0 million. Q3 gross profit was $39.3 million, with a margin of 39.8%. The company incurred a net loss of $5.3 million due to a debt extinguishment of $15.2 million. Adjusted EBITDA was $15.4 million for Q3, with a margin of 15.6%. Cadre declared a quarterly cash dividend of $0.08 per share.

Cadre Holdings, Inc. (NYSE: CDRE) will release its third quarter 2021 financial results on December 2, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results, featuring President Brad Williams and CFO Blaine Browers. Interested parties can join the call by dialing (844)-200-6205 (domestic) or (929)-526-1599 (international). A replay of the call will be available until December 16, 2021, and an online archiving will last for 30 days. Cadre specializes in safety and survivability equipment for first responders.

Cadre Holdings, Inc. has declared a quarterly cash dividend of $0.08 per share, equating to $0.32 annually. The initial payment will occur on December 7, 2021, for shareholders of record by November 22, 2021. Cadre, based in Jacksonville, Florida, specializes in safety equipment for first responders, including body armor and duty gear, serving over 104 countries. Future dividend declarations will depend on the Board's discretion.