Cadre Holdings Q2 sales beat estimates on increased product demand
Cadre Holdings Q2 sales beat estimates on increased product demand
Overview
US safety equipment maker's Q2 sales grew 32% yr/yr, beating analyst expectations
Q2 adjusted EBITDA beat analyst estimates, with margin expanding to 20.3%
Company raised full-year 2026 net sales and adjusted EBITDA guidance
Outlook
Cadre raises 2026 net sales guidance to $749 mln-$769 mln
Company lifts 2026 adjusted EBITDA outlook to $139 mln-$144 mln
Cadre expects 2026 capital expenditures of $10 mln-$14 mln
Result Drivers
ACQUISITIONS - Co said net sales growth was mainly driven by current year acquisitions
PRODUCT DEMAND - Increased demand for nuclear safety, armor, and duty gear products contributed to higher sales
FAVORABLE PRICING - Gross profit margin improvement was mainly driven by favorable pricing, partially offset by higher inventory step-up amortization
Company press release: ID:nBw1GwgGZa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $207.12 mln | $178.29 mln (6 Analysts) |
Q2 Net Income |
| $11.40 mln |
|
Q2 Adjusted EBITDA | Beat | $42 mln | $30.82 mln (6 Analysts) |
Q2 Gross Margin |
| 42.10% |
|
Q2 Adjusted EBITDA Margin |
| 20.30% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Cadre Holdings Inc is $42.50, about 37.5% above its August 4 closing price of $30.92
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago
Reuters Recommended Reads
Aug 5 - Axon Q2 revenue beats estimates, outlook raised
Aug 3 - BWX Technologies Q2 revenue growth slightly misses estimates
Aug 4 - Leidos lifts annual forecasts on strong defense demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Cadre Holdings Inc reports results for the quarter ended June 30 - Earnings Summary
Cadre Holdings Q2 sales beat estimates on increased product demand
Brief: Cadre Holdings Q2 Sales USD 207.1 Million Vs. IBES Estimate USD 178.3 Million