Financial Performance - Cadre achieved annual net sales of $568 million for 2024, with a gross margin of 41.1% and net income of $36 million[1][4][5]. - For Q4 2024, net sales were $176 million, up from $124.6 million in Q4 2023, driven by recent acquisitions and strong demand for Armor and Duty Gear[3][4]. - Adjusted EBITDA for 2024 was $104.8 million, with an adjusted EBITDA margin of 18.5%, compared to $85.8 million and 17.8% in the prior year[10][11]. - The company expects full-year 2025 net sales to range from $572 million to $601 million and adjusted EBITDA between $105 million and $115 million[19]. - Cadre's gross profit margin for Q4 2024 was 43.9%, compared to 39.9% in Q4 2023, reflecting higher shipment volumes[7][10]. - Cadre's gross profit for the year was $233.5 million, up from $200.7 million in 2023, driven by increased sales and favorable pricing[6][9]. - Net sales for Q4 2024 reached $175,984, a 41% increase from $124,583 in Q4 2023[28]. - Gross profit for the year ended December 31, 2024, was $233,481, up 16.3% from $200,726 in 2023[28]. - The company reported a net income of $36,133 for the year 2024, a decrease of 6.5% from $38,641 in 2023[29]. - Basic net income per share for 2024 was $0.90, down from $1.03 in 2023[28]. - Net income for Q4 2024 was $12,983,000, an increase of 35.5% compared to $9,594,000 in Q4 2023[32]. - EBITDA for Q4 2024 reached $29,002,000, up 74.8% from $16,570,000 in Q4 2023[32]. - Adjusted EBITDA for the year ended December 31, 2024 was $104,840,000, representing a 22.1% increase from $85,818,000 in 2023[32]. - Adjusted EBITDA margin improved to 21.9% in Q4 2024, compared to 16.6% in Q4 2023[32]. Cash Flow and Assets - Cash and cash equivalents increased by $37.2 million to $124.9 million as of December 31, 2024, while total debt rose to $223.2 million[15][16]. - Cash and cash equivalents at the end of 2024 were $124,933, up 42.5% from $87,691 in 2023[29]. - Total current assets increased to $327,571 in 2024, compared to $245,843 in 2023, reflecting a 33.2% growth[27]. Debt and Liabilities - Long-term debt increased significantly to $211,830 in 2024, compared to $127,812 in 2023, marking a 65.7% rise[27]. - The company’s total liabilities rose to $341,198 in 2024, up from $234,017 in 2023, indicating a 45.8% increase[27]. Investments and Acquisitions - The company announced the acquisition of Carr's Engineering Division for an enterprise value of £75 million, enhancing its nuclear safety business and international presence[17]. - The company invested $141,813 in business acquisitions during 2024, significantly impacting cash flows from investing activities[29]. - The company incurred a contingent consideration expense of $1,185,000 related to the acquisition of ICOR for the year ended December 31, 2024[32]. Expenses - Interest expense for Q4 2024 was $2,191,000, significantly higher than $804,000 in Q4 2023[32]. - Provision for income taxes in Q4 2024 was $9,733,000, compared to $2,820,000 in Q4 2023, indicating a substantial increase[32]. - Restructuring and transaction costs for the year ended December 31, 2024 totaled $7,757,000, up from $3,192,000 in 2023[32]. - Stock-based compensation expense for the year ended December 31, 2024 was $8,369,000, down from $9,368,000 in 2023[32]. - The company reported a depreciation and amortization expense of $16,420,000 for the year ended December 31, 2024, compared to $15,737,000 in 2023[32]. Dividends - A quarterly cash dividend of $0.095 per share was declared, representing an 8.6% increase over the previous annualized dividend[18]. Strategic Focus - The company is focused on expanding its market presence through both organic growth and strategic acquisitions[2][17].

Group 1 - Cadre Holdings, Inc. (CDRE) is part of the Industrial Products sector, which consists of 201 individual stocks and holds a Zacks Sector Rank of 11 [2] - The Zacks Rank system highlights stocks with strong earnings estimates and revisions, with Cadre Holdings currently holding a Zacks Rank of 2 (Buy) [3] - Over the past three months, the Zacks Consensus Estimate for CDRE's full-year earnings has increased by 3.3%, indicating improved analyst sentiment and a stronger earnings outlook [3] Group 2 - Year-to-date, Cadre Holdings has gained approximately 3.3%, while the average return for the Industrial Products sector is -0.9%, demonstrating that CDRE is outperforming its peers [4] - Insteel Industries (IIIN), another stock in the Industrial Products sector, has a year-to-date return of 7% and a Zacks Rank of 1 (Strong Buy) [4][5] - Cadre Holdings is part of the Security and Safety Services industry, which includes 18 companies and currently ranks 75 in the Zacks Industry Rank, with an average loss of 1% this year [5] Group 3 - Insteel Industries belongs to the Wire and Cable Products industry, which has three stocks and is currently ranked 183, with a year-to-date decline of 9.7% [6] - Investors interested in Industrial Products stocks should monitor both Cadre Holdings and Insteel Industries for potential continued strong performance [6]

Group 1 - Cadre Holdings, Inc. (CDRE) is part of the Industrial Products sector, which includes 201 companies and ranks 10 in the Zacks Sector Rank [2] - The Zacks Rank system focuses on earnings estimates and revisions, with CDRE currently holding a Zacks Rank of 2 (Buy) [3] - Over the past three months, the Zacks Consensus Estimate for CDRE's full-year earnings has increased by 3.3%, indicating improved analyst sentiment [4] Group 2 - CDRE has returned 11.3% year-to-date, outperforming the average gain of 2.3% for the Industrial Products sector [4] - Cadre Holdings is part of the Security and Safety Services industry, which consists of 18 companies and ranks 35 in the Zacks Industry Rank [6] - The average return for the Security and Safety Services industry so far this year is 1.6%, showing that CDRE is performing better than its peers [6] Group 3 - Investors should continue to monitor Cadre Holdings, Inc. and Halma as they are expected to maintain solid performance in the Industrial Products sector [7]

Group 1 - Cadre Holdings, Inc. (CDRE) is currently outperforming its peers in the Industrial Products sector with a year-to-date return of 20.5%, compared to the sector average of 15.6% [4] - The Zacks Rank for Cadre Holdings, Inc. is 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 2.9% over the past 90 days [3] - The Security and Safety Services industry, to which Cadre Holdings belongs, has an average year-to-date gain of 8%, further highlighting CDRE's strong performance [5] Group 2 - The Industrial Products group is ranked 12 within the Zacks Sector Rank, which evaluates 16 different groups based on the average Zacks Rank of individual stocks [2] - Another notable stock in the Industrial Products sector is UniFirst (UNF), which has achieved a year-to-date return of 32.5% and also holds a Zacks Rank of 2 (Buy) [4][5] - The Uniform and Related industry, where UniFirst operates, is ranked 17 and has seen a year-to-date increase of 2.6% [6]

Company Insights - Cadre Holdings (NYSE: CDRE) is expanding into the nuclear industry, which presents significant growth potential for the company [1] - The analyst has a beneficial long position in CDRE shares, indicating confidence in the company's future performance [3] Industry Trends - The nuclear industry is evolving, and companies involved in this sector may experience substantial growth opportunities [1] - There is a focus on small to mid-cap companies with disruptive technology, suggesting a trend towards innovation and technological advancement in investment strategies [2]

THIRD 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 numbe ...

Financial Data and Key Metrics Changes - The company reported a net sales range of $560 million to $570 million for the full year, reflecting over 17% growth year-over-year, while adjusted EBITDA is expected to be in the range of $101 million to $107 million, indicating over 21% growth [27][24] - The company experienced approximately 5 points of gross margin pressure in Q3 due to cybersecurity incidents, with a total of $1.5 million related to inventory step-up amortization and $900,000 in intangibles amortization impacting financial performance [23][26] Business Line Data and Key Metrics Changes - The company maintained a strong orders backlog of $167 million as of September 30, representing a $21 million increase from Q2, excluding acquisitions [15] - The armor and duty gear segments are expected to drive significant sales increases in Q4, alongside a strong performance from the explosive ordinance devices (EOD) business [52] Market Data and Key Metrics Changes - The company noted that demand for mission-critical safety products remains strong across law enforcement, first responder, military, and nuclear markets, with favorable macro trends supporting growth [17][8] - The consumer channel, representing approximately 8% of contract sales, has continued to see solid demand despite broader market weaknesses [20] Company Strategy and Development Direction - The company is focused on organic growth initiatives and an aggressive M&A program to enhance market leadership, with expectations to announce at least one transaction before the end of 2024 [11][12] - The company aims for continuous improvement through the Cadre operating model, which is designed to optimize processes and drive margin expansion [8][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business through economic and political cycles, expecting consistent growth regardless of external factors [9][10] - The company anticipates favorable long-term growth opportunities in the nuclear safety sector, particularly with the rise of small modular reactors [19] Other Important Information - The company has paid 12 consecutive quarterly dividends since going public and raised its dividend to $0.35 per share on an annualized basis earlier this year [16] - Management has implemented numerous countermeasures to enhance cybersecurity following recent incidents, ensuring minimal disruption to operations [25][34] Q&A Session Summary Question: Clarification on cybersecurity impact on revenue - Management indicated that some revenue would shift into 2025 due to the second cybersecurity incident, but there are no other significant impacts outside of Q3 margins [29] Question: Update on Alpha Safety's M&A pipeline - The M&A pipeline for Alpha Safety remains solid, with opportunities in engineered systems and manufacturing products for the nuclear industry being actively pursued [30] Question: Security measures post-breach - Management confirmed that additional security measures were implemented after the second breach, with ongoing efforts to enhance cybersecurity [34] Question: SG&A expenses in light of declining sales - A significant portion of the SG&A reduction was attributed to adjustments in incentive compensation based on Q3 results [36] Question: Market conditions and election impact - Management noted that market conditions remain stable and consistent, with no significant changes expected due to the election results [37] Question: Monthly sales performance during the quarter - July was the most impacted month due to the first incident, with a recovery in August and strong performance in September despite the second incident [41] Question: Contribution from Alpha and ICOR in Q3 - ICOR's revenue remained consistent at over $20 million, while Alpha experienced a significant sequential ramp-up in Q3 [42] Question: Confidence in Q4 guidance - Management expressed confidence in Q4 guidance due to strong inventory levels and planned production increases [46] Question: Opportunities in the nuclear business - The company sees potential in small modular reactors, with products becoming relevant once these plants are operational [55] Question: Long-term outlook post-election - Management does not foresee changes in long-term outlook due to election results, emphasizing the importance of continued investment in law enforcement [57]

Core Points - Cadre Holdings, Inc. reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, but down from $0.29 per share a year ago, resulting in an earnings surprise of 28.57% [1] - The company posted revenues of $109.41 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 13.56% and down from $125.11 million year-over-year [2] - The stock has gained approximately 7.5% since the beginning of the year, underperforming the S&P 500's gain of 21.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $164.66 million, and for the current fiscal year, it is $1.04 on revenues of $573.4 million [7] - The estimate revisions trend for Cadre Holdings, Inc. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Security and Safety Services industry, to which Cadre Holdings belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Alarm.com Holdings, another company in the same industry, is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year decline of 12.5% [9]

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: September 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 38-3 ...

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 ...