Cadre Holdings, Inc. (CDRE): Results of Operations and Financial Condition
Cadre Holdings, Inc. (CDRE) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 cdre-20260805xex99d1.htm EX-99.1 Exhibit 99.1 Cadre Holdings Reports Second Quarter 2026 Financial Results Grew Quarterly Net Sales 32% and Gross Profit 36% Year-Over-Year Increased Quarterly Adjusted EBITDA and Expanded Adjusted EBITDA Margin Both Sequentially and
How this was made
The 30-second read
Why it matters
The key tradable update is the raised full-year guidance, reinforced by record orders backlog and improved adjusted EBITDA margin, while cash and net debt moved higher.
Market read
Guidance raise plus record backlog and margin improvement are likely to drive near-term estimate revisions and sentiment, offset by weaker net income and higher leverage.
What to watch
Liquidity deteriorated (cash down, net debt up), so the market may scrutinize leverage and integration costs behind the guidance raise.
Background
Cadre filed an 8-K (Item 2.02) with Q2 2026 operating results, liquidity/capital allocation updates, and specific contract and acquisition updates.
Ticker impact
Cadre reported Q2 2026 results and raised full-year guidance to net sales of $749 to $769 million and adjusted EBITDA of $139 to $144 million.
Likely positive near-term bias as guidance and backlog provide fresh fundamentals for earnings revisions.
The filing is a primary disclosure (8-K with results and guidance) and includes multiple quantified improvements (sales, EBITDA, backlog) that typically drive estimate changes.
Market effects
Supports the narrative of resilient demand for mission-critical safety equipment tied to law enforcement and nuclear-related end markets.
Limited, company-specific impact; no broader regional macro signal in the text.
Modest, as the demand drivers cited are tied to US government and defense-related procurement.
Counterpoint
Net income declined year-over-year due to contingent consideration, compensation, and FX, which could temper enthusiasm despite EBITDA strength.
Key entities
- companyCadre Holdings, Inc.
NYSE-listed safety equipment manufacturer reporting Q2 results and raising FY 2026 guidance.
- subsidiarySafariland
Cadre subsidiary selected as the ballistic panel provider for Predictive Ballistics LLC’s Overt Armor Kit under an FBI IDIQ contract.
- customer/partnerPredictive Ballistics LLC
Provider of the Overt Armor Kit system that received a five-year FBI IDIQ contract.
- acquired businessAlien Gear Holsters
Holster and gear manufacturer acquired by Cadre via a court-supervised bankruptcy auction.
