Overview

* Cadre Holdings ( CDRE ) Q2 net sales rise 9% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q2 misses analyst estimates, per LSEG data

* Co's acquisitions drive growth in nuclear safety market

Outlook

* Cadre expects 2025 net sales between $624 mln and $630 mln

* Company forecasts 2025 Adjusted EBITDA between $112 mln and $116 mln

Result Drivers

* ACQUISITIONS - Recent acquisitions primarily drove net sales increase, enhancing nuclear safety segment

* DEMAND TRENDS - Strong demand for mission-critical safety equipment across law enforcement, first responder, military, and nuclear markets

* PRICING AND MIX - Favorable pricing and product mix improved gross profit margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $157.10 $153.60

mln mln (7

Analysts

)

Q2 Net $12.20

Income mln

Q2 Miss $27 mln $27.20

Adjusted mln (7

EBITDA Analysts

)

Q2 Gross 40.9%

Margin

Q2 17.2%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Cadre Holdings Inc ( CDRE ) is $41.50, about 20.3% above its August 4 closing price of $33.07

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)