Cadre Holdings, Inc. ( (CDRE) ) has released its Q1 earnings. Here is a breakdown of the information Cadre Holdings, Inc. presented to its investors.
Cadre Holdings, Inc., headquartered in Jacksonville, Florida, is a global leader in the manufacturing and distribution of safety equipment for law enforcement, first responders, military, and nuclear markets. The company is known for its mission-critical safety products, including body armor and explosive ordnance disposal equipment.
In its first quarter of 2025 financial results, Cadre Holdings reported net sales of $130.1 million and a gross profit margin of 43.1%. The company also completed the acquisition of multiple leading nuclear brands, which is expected to expand its geographic footprint and enhance its capabilities in the nuclear safety market.
Key financial highlights for the quarter include a net income of $9.2 million, or $0.23 per diluted share, and an adjusted EBITDA of $20.5 million. The company also declared a quarterly cash dividend of $0.095 per share. Despite a slight decrease in net sales compared to the previous year, Cadre Holdings saw an improvement in its gross profit margin, driven by favorable pricing and product mix.
Looking ahead, Cadre Holdings has increased its guidance for 2025, expecting net sales between $618 million and $648 million, and adjusted EBITDA between $112 million and $122 million. The company remains focused on organic growth and strategic acquisitions to build its industry-leading safety platform.
Cadre Holdings’ management remains optimistic about the company’s future performance, citing strong demand for its safety products and a robust pipeline of potential acquisitions. The company is well-positioned to capitalize on growth opportunities in the nuclear industry and continue delivering value to its shareholders.