Cadre Holdings Q4 sales miss estimates

Cadre Holdings

10/03/2026 20:26

Overview

US safety equipment maker's Q4 sales fell and missed analyst expectations

Q4 adjusted EBITDA missed analyst expectations

Outlook

Cadre Holdings expects 2026 net sales of $736 mln to $758 mln

Company sees 2026 adjusted EBITDA between $136 mln and $141 mln

Cadre expects 2026 capital expenditures of $10 mln to $14 mln

Result Drivers

PRIOR-YEAR SHIPMENT TIMING - Q4 sales decline was mainly due to higher-than-normal shipments in the prior year following a cyber incident in Q3 2024

ACQUISITIONS AND DUTY GEAR DEMAND - Full-year sales growth was driven by recent acquisitions and higher demand for duty gear products, partially offset by declines in EOD and nuclear safety products

GROSS MARGIN PRESSURE - Q4 gross margin narrowed due to lower volumes and increased inventory step-up amortization, partially offset by favorable pricing net of material inflation

Company press release: ID:nBw453fVMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
$167.2 mln
$182.94 mln (5 Analysts)
Q4 Net Income
$11.7 mln
Q4 Adjusted EBITDA
Miss
$34.4 mln
$37.29 mln (5 Analysts)
Q4 Gross Margin
43.4%
Q4 Adjusted EBITDA Margin
20.6%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and 1 "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 $51.50, about 17% above its March 9 closing price of $44.00

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 31 three months ago

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.)