Quarterly ResultMay 11, 2026, 04:20 PM
Cadre Holdings Q1 Net Sales +19% to $155.4M; Record Backlog $355M
AI Summary
Cadre Holdings reported its first quarter 2026 financial results, with net sales growing 19% year-over-year to $155.4 million. The company achieved a record orders backlog of $355 million, driven by recent acquisitions and strong demand. Despite increased sales, net income decreased to $2.0 million from $9.2 million in the prior year, primarily due to higher expenses. Cadre also reaffirmed its full-year 2026 guidance for net sales and adjusted EBITDA.
Key Highlights
- Q1 Net Sales grew 19% year-over-year to $155.4 million.
- Q1 Net Income was $2.0 million, or $0.05 per diluted share, compared to $9.2 million ($0.23 per diluted share) in Q1 2025.
- Q1 Adjusted EBITDA was $21.1 million, with an Adjusted EBITDA margin of 13.6%.
- Record orders backlog reached $355 million, up $166 million from the start of the year.
- Acquired Alien Gear Holsters for $10.3 million in April 2026.
- Subsidiary Med-Eng, LLC awarded two contracts totaling $86.4 million by GDELS.
- Declared a quarterly cash dividend of $0.10 per share in April 2026.
- Reaffirmed 2026 full-year guidance: net sales $736M-$758M and adjusted EBITDA $136M-$141M.