Cadre Holdings, Inc. (CDRE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power ...

Cadre Holdings, Inc. (NYSE:CDRE) Q4 2023 Results Conference Call March 5, 2024 5:00 PM ET Company Participants Matt Berkowitz - Investor Relations Warren Kanders - Chairman & Chief Executive Officer Brad Williams - President Blaine Browers - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Jordan Lyonnais - Bank of America Matt Koranda - Roth MKM Sheila Kahyaoglu - Jefferies Mark Smith - Lake Street Capital Markets. Bert Subin - Stifel Operator Good afternoon, and welcome to ...

Cadre Holdings, Inc. (CDRE) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 61.11%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.29, delivering a surprise of 31.82%.Over the last four quarters, the com ...

Exhibit 99.1 Cadre Holdings Reports Fourth Quarter and Full Year 2023 Financial Results Achieved Annual Net Sales of $483 Million, Gross Margin of 41.6% and Net Income of $39 million Generated Record Annual Adjusted EBITDA and Adjusted EBITDA Margin Expects Full Year 2024 Net Sales of $553 to $572 Million and Adjusted EBITDA of $104 to $108 Million JACKSONVILLE, Fla., March 5, 2024 – Cadre Holdings, Inc. (NYSE: CDRE) ("Cadre" or "the Company"), a global leader in the manufacturing and distribution of safety ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety equipment, has completed the Company’s previously announced acquisition of Alpha Safety Intermediate, LLC, the operating parent of Alpha Safety, a leading nuclear safety solutions company. The purchase price for the acquisition was $106.5 million (excluding working capital and certain other adjustments) and was funded through available cash on th ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety and survivability equipment, announced today that it plans to release financial results for the fourth quarter that ended on December 31, 2023, on Tuesday, March 5, 2024, after the close of market trading. The company has scheduled a conference call to discuss these results, as well as its 2024 financial guidance, on Tuesday, March 5, 2024, at 5:0 ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre”), a global leader in the manufacturing and distribution of safety and survivability equipment, announced today it has entered into a definitive agreement to acquire Alpha Safety Intermediate, LLC, the operating parent of Alpha Safety, a leading nuclear safety solutions company for $106.5 million (excluding working capital and certain other adjustments upon closing). Founded in 1986, Alpha Safety is a global provider of highly e ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Cadre Holdings, Inc. (CDRE) . This company, which is in the Zacks Security and Safety Services industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two qu ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, today announced that its Board of Directors has declared a quarterly cash dividend of $0.0875 per share, or $0.35 per share on an annualized basis, on the Company’s common stock. On an annualized basis the newly declared cash dividend represents an increase of 3 cents, or 9%, over the previous annu ...

Financial Data and Key Metrics Changes - For Q3 2023, the company reported a 12.1% increase in revenues, with gross profit rising by 22.7% and adjusted EBITDA margins reaching a record 19% [29][38] - Year-to-date results showed revenues up 7.1%, gross profit up 18.7%, and adjusted EBITDA up 22.1%, with adjusted EBITDA margin increasing from 16% to 18.2% [29][38] - The net income for Q3 was $11.1 million, or $0.29 per share, reflecting a nearly 125% growth compared to Q3 of the previous year [38] Business Line Data and Key Metrics Changes - The company experienced a 5% growth in duty gear sales, driven by new product launches, including the INCOG X holster, which won an award [20][99] - Tactical soft armor sales increased by 47% in the first three quarters of 2023 compared to the same period last year, attributed to the success of the HyperX product line [21] Market Data and Key Metrics Changes - The company maintained a strong orders backlog of $126.2 million as of September 30, 2023, an increase of $8.3 million since the start of the year [18] - The geopolitical landscape, particularly the ongoing conflict in Ukraine, is expected to create future demand for the company's products, especially in EOD tools and equipment [19] Company Strategy and Development Direction - The company is focused on executing its M&A strategy, with a recent letter of intent signed for a business that aligns with its growth criteria, targeting high-margin opportunities [30][39] - The management emphasized the importance of maintaining financial flexibility, with net debt reduced to $74 million, representing a net leverage of 0.8 times [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the challenging geopolitical environment, stating that demand for mission-critical equipment is expected to rise [14][19] - The company raised its full-year adjusted EBITDA guidance, anticipating 10% annual growth compared to an initial forecast of 4% [27] Other Important Information - The company declared its ninth consecutive quarterly dividend of $0.08, reflecting its commitment to returning capital to shareholders [33] - The "Safe Club," recognizing first responders who survived life-threatening situations using the company's products, has grown to 2,177 saves [32] Q&A Session Summary Question: Can you comment on the international markets and the recent contract won? - The large international contract referenced was for gun control products outside the US, with some orders related to Ukraine, but not material at this point [40] Question: What are the strategic uses of excess cash on the balance sheet? - The company is focused on reinvesting cash into transactions that meet its ROI criteria, targeting businesses with low CapEx and high margins [41][54] Question: Can you provide insights on the demining suit pricing compared to the full EOD suit? - The demining suit is generally priced below $5,000, while the full EOD suit is around $30,000, with the demining market being higher volume but lower margin [60] Question: What are the growth drivers for Q3 and how do they impact the guidance for Q4? - The growth was primarily driven by volume, with significant contributions from a large international order and increased demand for armor products [69] Question: How is the company positioned for M&A in the current market? - The management is optimistic about M&A opportunities, focusing on businesses that can benefit from the company's operating model and have strong margins [88][94]