| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 155.43 | 19.5% |
| Total Income | 155.43 | 19.5% |
| Expenditure | 147.94 | 26.9% |
| PBT | 2.83 | 77.6% |
| Net Profit | 1.98 | 78.6% |
| OPM | 4.82% | 5.60pp |
| NPM | 1.27% | 5.84pp |
| EPS | 0.05 | 78.3% |
Cadre Holdings Reports Q1 2026 Net Sales of $155.4 Million, Up 19% Y-o-Y
12 May 2026 · 12 May, 1:50 am
Summary
Cadre Holdings, Inc. announced its Q1 2026 financial results, featuring net sales of $155.4 million, a 19% increase compared to the same period last year. The company's gross profit was $60.2 million, with a margin of 38.7%. Net income amounted to $2.0 million, or $0.05 per diluted share. The company's record orders backlog of $355 million provides confidence in its outlook for the remainder of 2026, and Cadre reaffirmed its full-year guidance.
Key Highlights
- 1
Cadre Holdings reported net sales of $155.4 million for the first quarter of 2026, representing a 19% year-over-year increase.
- 2
The company's gross profit margin for the first quarter was 38.7%.
- 3
Net income for the first quarter was $2.0 million, or $0.05 per diluted share.
- 4
Adjusted EBITDA for the first quarter reached $21.1 million.
- 5
The adjusted EBITDA margin for the first quarter was 13.6%.
- 6
Cadre's orders backlog reached a record $355 million, with organic backlog increasing by $108 million from Q4 to Q1.
- 7
The company reaffirmed its full-year 2026 guidance.
Management Comments
Warren Kanders
Following a year of meaningful financial and strategic progress, we began 2026 with significant momentum and delivered another quarter of strong performance. Our orders backlog ended the first quarter at $355 million, a record for Cadre, up $166 million from the start of the year, driven largely by the blast attenuation seat contract award and the TYR acquisition, as well as strong demand in duty gear and armor. The substantial backlog growth represents an important forward indicator and gives us confidence in our outlook as we progress through the remainder of 2026. Overall, we continue to see strong and recurring demand for our suite of leading, mission-critical safety products, and today’s environment of heightened geopolitical tension and increased defense spending, reinforces our belief in Cadre’s growth trajectory. Since January 2024, Cadre has deployed over $400 million in targeted M&A, including our latest acquisition of Alien Gear Holsters, a recognized brand with an established direct-to-consumer presence. We continue to strengthen our diversified platform of durable safety businesses and remain well positioned to capitalize on attractive growth opportunities ahead, supported by a robust acquisition pipeline and significant financial flexibility. Looking forward, we are focused on further embedding the Cadre Operating Model across our full portfolio with its principles of lean operations, continuous improvement, and leadership accountability driving value as we scale.
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