Cadre Hldgs Inc Stock Price, News & Analysis

Cadre Holdings, Inc. (NYSE: CDRE) will present at the Raymond James’ 2022 Diversified Industrials Conference on August 23, 2022, at 2:55 p.m. ET. Key executives, including Brad Williams and Blaine Browers, will also engage in investor meetings linked to the conference. Investors can access the presentation via a live webcast through Cadre's website. Cadre specializes in safety and survivability equipment for first responders, with a global footprint in over 100 countries.

Cadre Holdings, Inc. (NYSE: CDRE) reported second-quarter 2022 net sales of $118.2 million, a slight increase from $114.6 million in Q2 2021. However, net income dropped to $4.4 million ($0.12/share) from $6.8 million y-o-y. Adjusted EBITDA for the quarter was $18.4 million, down from $20.5 million in Q2 2021. Gross profit margin fell to 36.6%, influenced by inventory amortization and a less favorable portfolio mix. Cadre reaffirmed its 2022 guidance, expecting net sales between $444.0 million and $452.0 million. The company remains focused on enhancing its liquidity through strategic acquisitions and operational efficiencies.

Cadre Holdings, Inc. (NYSE: CDRE) will release its second quarter financial results for the period ending June 30, 2022, on August 11, 2022, after market close. A conference call, featuring CEO Warren Kanders and other executives, is scheduled for 5:00 p.m. ET the same day. Participants can join by dialing (888)-510-2553 for domestic or (646)-960-0473 for international access. A replay will be available until August 25, 2022, and webcast details will be archived for 30 days on the company's website.

Cadre Holdings, Inc. (NYSE: CDRE) has declared a quarterly cash dividend of $0.08 per share, amounting to $0.32 annually. This payment will be distributed on August 12, 2022, to shareholders recorded as of August 1, 2022. The future dividends will be determined at the discretion of Cadre's Board of Directors. Cadre specializes in safety and survivability products for first responders and operates globally, supplying critical protective gear.

Cadre Holdings, Inc. (NYSE: CDRE) announced a public offering of 4,000,000 shares at $23.50 each, comprising 2,250,000 shares from the company and 1,750,000 from selling stockholders. The primary offering increased from an initial 1,750,000 shares. An additional 600,000 shares may be purchased by underwriters within 30 days of the offering's close, expected on June 14, 2022. Net proceeds will reduce debt and fund corporate needs. BofA Securities and Jefferies lead the offering.

Cadre Holdings, Inc. (NYSE: CDRE) has announced a public offering of 1,750,000 shares of common stock, with a 30-day option for underwriters to buy an additional 525,000 shares. The offering is part of a registration statement filed with the SEC. Proceeds will be used to reduce debt and for general corporate purposes, while selling stockholders will receive the net proceeds from their shares. BofA Securities and Jefferies LLC are the lead book-running managers for this offering.

Cadre Holdings, Inc. (NYSE: CDRE) has completed its acquisition of Cyalume Technologies for $35 million, expected to be immediately accretive. The purchase has been funded through available cash and credit facilities. Cyalume's management will remain with the business post-acquisition. Cadre is a leading manufacturer of safety and survivability products for first responders, providing essential equipment used by emergency professionals globally.

Cadre Holdings, Inc. (NYSE: CDRE) announced plans to release its financial results for Q1 2022 on May 12, 2022, after market close. A conference call will take place the same day at 5:00 p.m. ET, featuring CEO Warren Kanders and other executives. Interested participants can join via phone or a live webcast, accessible through Cadre's website. A replay will be available until May 26, 2022.