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Cadre Holdings (CDRE)
NYSE:CDRE
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.48Last Year’s EPS
$0.25Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -8.61%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While Cadre reported strong demand across its core markets, a robust M&A pipeline, and continued dividend payments, the impact of cybersecurity incidents on financial performance and the need to revise full-year guidance highlighted significant challenges.Company Guidance
During the Q3 2024 earnings call for Cadre Holdings (CDRE), the management provided detailed guidance for the full year, emphasizing strong demand across their key markets, including law enforcement, military, and nuclear sectors, despite challenges from recent cybersecurity incidents. The company's updated guidance predicts net sales between $560 million and $570 million, and adjusted EBITDA ranging from $101 million to $107 million, with capital expenditures expected to be between $6 million and $8 million for the year. The executives highlighted a robust M&A pipeline and a strategic focus on margin expansion and process optimization through the Cadre operating model. The expectation for Q4 involves leveraging a strong orders backlog ($167 million as of September 30) to achieve a record quarter, with sales driven by armor and duty gear, boosted by pent-up demand and production backlogs from earlier disruptions.Strong Demand Across Core Markets
Cadre continues to see strong demand for its mission-critical safety products across law enforcement, first responder, military, and nuclear markets. The business remains resilient with entrenched market positions and favorable industry trends.
M&A Program and Financial Strategy
Cadre is actively evaluating a robust pipeline of potential transactions to grow its platform and enhance market leadership. The company has maintained a strong balance sheet and low net debt leverage of 1.3x to pursue acquisitions.
Dividend Payments
Cadre has paid 12 consecutive quarterly dividends since going public and increased its dividend to $0.35 per share on an annualized basis.
Q3 Orders Backlog
The orders backlog reached $167 million as of September 30, representing a $21 million increase from Q2.
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CDRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CDRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $37.15 | $34.00 | -8.48% |
| Aug 09, 2024 | $33.76 | $33.91 | +0.44% |
| May 07, 2024 | $34.18 | $30.21 | -11.61% |
| Mar 05, 2024 | $36.70 | $36.82 | +0.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cadre Holdings (CDRE) report earnings?
Cadre Holdings (CDRE) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Cadre Holdings (CDRE) earnings time?
Cadre Holdings (CDRE) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDRE EPS forecast?
CDRE EPS forecast for the fiscal quarter 2024 (Q4) is $0.48.
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