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. (NYSE: CDRE) generates frequent news as a manufacturer and distributor of safety and survivability equipment for law enforcement, first responder, military and nuclear markets. Headquartered in Jacksonville, Florida, the company’s updates often highlight developments in body armor, explosive ordnance disposal equipment, duty gear, nuclear safety products and related technologies used in hazardous or life‑threatening environments.
News about Cadre commonly covers quarterly financial results, including net sales, gross profit and adjusted EBITDA, along with commentary on demand trends across its core end markets. The company also announces dividends, investor conference participation, and investor day events where management discusses its operating model, long‑term vision and nuclear vertical.
Another major theme in CDRE news is corporate transactions and contracts. Cadre has reported agreements to acquire specialized businesses such as TYR Tactical, a global manufacturer of tactical gear and equipment for military, law enforcement and government agencies worldwide. Its Med‑Eng subsidiary has announced multi‑year contracts to deliver blast exposure monitoring systems and body‑worn blast sensors for U.S. defense customers, reflecting the company’s focus on mission‑critical safety technologies.
Investors following CDRE news can expect updates on acquisitions, major government and defense contracts, nuclear safety initiatives, financial performance releases and public investor communications. This news stream helps readers understand how Cadre is positioning its brands, including Safariland and Med‑Eng, across law enforcement, first responder, military and nuclear markets. For those tracking the CDRE stock, the news page offers a centralized view of the company’s latest announcements and strategic developments.
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.
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.