CADRE HOLDINGS INC

Cadre Holdings’ Safariland subsidiary received a $61 million FBI contract to supply the SX HP ballistic protection plate, which is integrated into Predictive Ballistics’ Overt Armor Kit (OAK). The OAK system is part of a five-year IDIQ framework contract and is also available to the United States Marshals Service, DEA and other justice agencies. Launched in 2025, the SX HP beat 11 competitors, strengthens Cadre’s pipeline with U.S. federal agencies and is likely to generate recurring demand across modernization cycles. » More on de.investing.com

Cadre Holdings reported Q1 2026 earnings per share of $0.05 versus $0.10 expected and revenue of $155.4 million versus $156.66 million expected. The stock fell about 4.9% in after-hours trading. Despite the disappointment, net revenues rose 19% year over year, and management reaffirmed the full-year guidance (net revenues $736–758 million; adjusted EBITDA $136–141 million). Strategic acquisitions such as TYR Tactical and Alien Gear Holsters are intended to support growth, but there are margin-pressure and integration risks. » More on de.investing.com

Cadre Holdings reported net revenue of $155.4m in Q1/2026 (+19%) with diluted EPS of $0.05, which missed expectations, and suffered a decline in gross margin of 440 basis points to 38.7%. Adjusted EBITDA margin fell to 13.6%; management attributes the margin pressure to an unfavorable product mix, inventory revaluations and acquisition write-offs. The order backlog rose sequentially by 88% to a record $355m, and the company reaffirmed its full-year guidance despite operational challenges. Cadre is pursuing an aggressive M&A strategy (including Alien Gear) and has net debt of $324.6m (2.9x adjusted EBITDA), but continued to declare the dividend. » More on de.investing.com