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Cadre Holdings Inc (CDRE) delivers essential safety solutions for first responders, defense agencies, and high-risk industries. This news hub provides investors and safety professionals with authoritative updates on the company’s strategic developments.
Track all official announcements including quarterly earnings, new product certifications, and government contract awards. Our curated feed simplifies monitoring of critical updates affecting CDRE’s position in protective equipment markets.
Key coverage areas include innovations in ballistic protection systems, emergency response gear, and survivability technology. Stay informed about regulatory changes impacting safety standards and CDRE’s distribution network expansions.
Bookmark this page for real-time access to press releases and market-moving updates from a leader in life-saving equipment manufacturing. Verify operational milestones and strategic partnerships directly through primary sources.
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.
Cadre Holdings, Inc. (NYSE: CDRE) announced the acquisition of Cyalume Technologies for $35 million, a move aimed at bolstering its mission-critical product portfolio. Cyalume, a leader in chemical illumination solutions for military and commercial sectors, is expected to generate approximately $25 million in annual revenues. The transaction, anticipated to be immediately accretive, is set to close in May 2022, funded through cash reserves and credit facilities. This acquisition aligns with Cadre's strategy of acquiring high-margin companies with strong cash flows.
Cadre Holdings, Inc. (NYSE: CDRE) has declared a quarterly cash dividend of $0.08 per share, amounting to $0.32 annually. This will be paid on May 13, 2022 to shareholders on record as of May 2, 2022. As a leader in safety equipment for first responders, Cadre provides crucial protection products used across over 100 countries. However, future dividends depend on the Board of Directors’ discretion.
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.
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