Cadre Holdings Q2 sales beat estimates on increased product demand
CDRE•What drove the results
Cadre said net sales growth was mainly driven by current-year acquisitions.
Increased demand for nuclear safety, armor, and duty gear products also contributed to higher sales.
Gross profit margin improvement was mainly driven by favorable pricing, partially offset by higher inventory step-up amortization.
Full-year outlook raised
The company raised its 2026 guidance, including:
- Net sales of $749 million to $769 million, up from prior expectations
- Adjusted EBITDA of $139 million to $144 million
- Capital expenditures of $10 million to $14 million
Key figures and market context
| Metric | Actual | Consensus |
|---|---|---|
| Q2 sales | $207.12 million | $178.29 million |
| Q2 net income | $11.40 million | — |
| Q2 adjusted EBITDA | $42 million | $30.82 million |
| Q2 gross margin | 42.10% | — |
| Q2 adjusted EBITDA margin | 20.30% |
