Welcome to our dedicated page for Cadre Hldgs news (Ticker: CDRE), a resource for investors and traders seeking the latest updates and insights on Cadre Hldgs stock.
Cadre Holdings Inc operates in the defense and law enforcement equipment sector, manufacturing ballistic protection and tactical gear for military, law enforcement, and first responder markets. The company's news flow typically includes government contract announcements, quarterly earnings reports, acquisition activities, and corporate developments affecting its position in the protective equipment industry.
Defense contractors like Cadre Holdings generate newsworthy developments through contract awards from federal, state, and local agencies. These announcements reveal the company's success in competitive bidding processes and provide insight into its market position within the government procurement landscape. Contract news also indicates demand trends for protective equipment and tactical gear across law enforcement and military organizations.
Quarterly earnings reports offer visibility into the company's financial performance, revenue trends across business segments, and operational metrics affecting its manufacturing and distribution operations. Acquisition announcements demonstrate the company's growth strategy and expansion into complementary product categories within the tactical equipment sector. Dividend declarations and corporate governance updates round out the news coverage for this publicly traded defense equipment manufacturer.
Following Cadre Holdings news provides investors with visibility into the company's contract pipeline, financial performance, strategic acquisitions, and position within the defense and law enforcement equipment markets. The company's news reflects broader trends in government spending, law enforcement modernization programs, and demand for protective equipment across security markets.
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.
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.
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