Quarterly ResultMay 11, 2026, 04:23 PM
Cadre Holdings Q1 Net Income $1.98M, EPS $0.05; TYR Acquisition
AI Summary
Cadre Holdings, Inc. reported a significant decrease in net income for the first quarter of 2026, falling to $1.98 million from $9.25 million in the prior year, with diluted EPS dropping to $0.05 from $0.23. This quarter included the acquisition of TYR Tactical, LLC on January 30, 2026, for a total consideration of $185.2 million, which contributed $15.48 million in net sales. Despite an increase in overall net sales and operating cash flow, profitability was impacted by higher interest expense and acquisition-related costs.
Key Highlights
- Net income decreased to $1.98 million in Q1 2026 from $9.25 million in Q1 2025.
- Diluted EPS fell to $0.05 in Q1 2026 from $0.23 in Q1 2025.
- Net sales increased to $155.43 million in Q1 2026 from $130.11 million in Q1 2025.
- Acquired TYR Tactical, LLC on January 30, 2026, for $185.2 million consideration.
- TYR acquisition contributed $15.48 million to net sales in Q1 2026.
- Net cash provided by operating activities rose to $22.52 million from $17.39 million.
- Long-term debt increased to $349.57 million as of March 31, 2026, from $290.99 million.
- Cash and cash equivalents decreased to $41.27 million from $122.90 million.