Cadre Holdings (CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE ) Q3 2024 Earnings Call November 6, 2024 5:00 PM ET Company Participants Matt Berkowitz - Investor Relations Warren Kanders - Chairman and Chief Executive Officer Brad Williams - President Blaine Browers - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Securities Lawrence Solow - CJS Securities Matt Koranda - ROTH Capital Sheila Kahyaoglu - Jefferies Jordan Lyonnais - Bank of America Mark Smith - Lake Street Capital Markets Operator Good afternoon, and welcome to Cadre Holdings Third Quarter 2024 Conference Call.

Cadre Holdings, Inc. (CDRE) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.29 per share a year ago.

JACKSONVILLE, Fla.--(BUSINESS WIRE)--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 and nine months ended September 30, 2024. Net sales of $109.4 million for the third quarter; net sales of $391.6 million for the nine months ended September 30, 2024.

I initiated coverage for Cadre Holdings, Inc. with a buy rating due to strong fundamentals, despite recent underperformance and a cybersecurity incident impacting Q3 earnings. Sales grew 19.2% driven by acquisitions and higher demand, while adjusted EBITDA increased 24%, indicating successful integration of high-quality, margin-accretive companies. 2024 guidance shows 19.5% sales growth and 23.5% EBITDA growth, despite cybersecurity setbacks, with expectations of recapturing Q3 losses in Q4.

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.

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the 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, will hold an Analyst and Investor Event on Wednesday, June 12, 2024 in Randolph, New Jersey. For those not attending in person, a live webcast will begin at 10:30 am ET on June 12. CEO and Chairman Warren Kanders, President Bra.

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