Cadre (CDRE)

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Cadre (CDRE) - 2024 Q3 - Quarterly Results
2024-11-06 21:15
Exhibit 99.1 Cadre Holdings Reports Third Quarter 2024 Financial Results Favorable Market Trends Continue to Drive Strong Demand for Cadre's Mission Critical Safety Equipment JACKSONVILLE, Fla., November 6, 2024 – Cadre Holdings, Inc. (NYSE: CDRE) ("Cadre" or "Company"), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, announced today its consolidated operating results for the three an ...
Cadre Holdings: Ignore The Cybersecurity Noise -- This Stock Is Primed For Growth
Seeking Alpha· 2024-08-30 21:57
Core Viewpoint - Cadre Holdings, Inc. is viewed as a buy from a fundamental perspective despite recent challenges, including a cybersecurity incident and shareholder dilution [3][8]. Financial Performance - Sales grew by 19.2%, driven by acquisitions and increased demand for armor and duty gear products [4]. - Cost of goods increased by 21.8%, impacting gross margins, which decreased to 40.6% from 41.9% in the previous year [4]. - Operating income rose by 25.6% to nearly $20 million, with adjusted EBITDA growing by 24% to $28.3 million [4]. Guidance and Projections - For 2024, Cadre Holdings expects sales between $571 million and $582 million, indicating a 19.5% growth at the mid-point [5]. - Adjusted EBITDA is projected to be between $103 million and $109 million, reflecting a year-on-year growth of 23.5% [5]. - The guidance for adjusted EBITDA has not been raised due to a cybersecurity incident affecting Q3 productivity [5]. Risks and Opportunities - The company faces risks related to potential shareholder dilution from M&A activities and a significant amount of debt maturing in 2026 [6]. - Opportunities exist due to a heightened global threat environment driving budgets for public safety services and the potential for margin expansion through M&A [6]. Stock Valuation - EBITDA estimates for 2024 and 2025 have been increased by approximately 17% and 30% for free cash flow estimates, respectively [7]. - The price target has been lifted to $46.25, indicating a 28% upside from current levels, with projections showing potential for 70% upside in the coming years [7]. Conclusion - Cadre Holdings is considered an attractive investment opportunity, with ongoing growth potential through acquisitions and margin expansion despite recent challenges [8].
Cadre (CDRE) - 2024 Q2 - Earnings Call Presentation
2024-08-12 21:22
SECOND QUARTER 2024 FORWARD-LOOKING STATEMENTS Please note that in this presentation we may use words such as "appears," "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a numb ...
Cadre (CDRE) - 2024 Q2 - Earnings Call Transcript
2024-08-12 21:21
Cadre Holdings, Inc. (NYSE:CDRE) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET Company Participants Matthew Berkowitz - IGB Group Warren Kanders - Chairman & CEO Brad Williams - President Blaine Browers - CFO Conference Call Participants Lawrence Solow - CJS Securities Jeffrey Van Sinderen - B. Riley Securities Matthew Koranda - ROTH Capital Jordan Lyonnais - Bank of America Mark Smith - Lake Street Bert Subin - Stifel Operator Good morning, and welcome to the Cadre Holdings Second Quarter 20 ...
Cadre Holdings, Inc. (CDRE) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-08-09 22:30
Cadre Holdings, Inc. (CDRE) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.18, delivering a surprise of -28%. Over the last four quarters, the com ...
Cadre (CDRE) - 2024 Q2 - Quarterly Report
2024-08-09 20:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to _________ Commission File Number: 001-40698 CADRE HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 38-387314 ...
Cadre (CDRE) - 2024 Q2 - Quarterly Results
2024-08-09 20:15
Exhibit 99.1 Cadre Holdings Reports Second Quarter 2024 Financial Results Grew Quarterly Net Sales 19% and Net Income 14% Year-Over-Year Increased Quarterly Adjusted EBITDA of $28.3 Million and Adjusted EBITDA Margin of 19.6% JACKSONVILLE, Fla., August 9, 2024 – Cadre Holdings, Inc. (NYSE: CDRE) ("Cadre" or "Company"), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, announced today it ...
3 Stocks Ready to Stun Wall Street
investorplace.com· 2024-05-25 10:15
With the explosive growth of the internet, it may seem more difficult to find underappreciated stocks to buy. To a large extent, that's likely true. However, because the masses tend to concentrate their attention on a select few enterprises, several promising names still fly under the radar. At the moment, thousands of publicly traded companies want to grab a piece of your wallet. However, no nation has unlimited resources. Certainly, Wall Street analysts can't cover every idea equally. Under this framework ...
Cadre (CDRE) - 2024 Q1 - Quarterly Report
2024-05-08 20:16
Table of Contents Item 1. Legal Proceedings 38 Item 1A. Risk Factors 38 Item 5. Other Information 38 Item 6. Exhibits 38 Signature Page 39 Table of Contents ● the availability of capital to satisfy our working capital requirements; ● the success of competing products by others that are or become available in the market in which we sell our products; ● our ability to maintain or broaden our business relationships and develop new relationships with strategic alliances, suppliers, customers, distributors or ot ...
Cadre (CDRE) - 2024 Q1 - Earnings Call Transcript
2024-05-08 00:23
Cadre Holdings, Inc. (NYSE:CDRE) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Matt Berkowitz - IGB Group Warren Kanders - Chairman & Chief Executive Officer Brad Williams - President Blaine Browers - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Matt Koranda - ROTH MKM Mark Smith - Lake Street Operator Good afternoon, and welcome to the Cadre Holdings First Quarter 2024 Conference Call. Today's call is being recorded. All lines have been pl ...