Cadre Q2 FY26 adjusted EBITDA rises 55.6% to $42 million; net sales climb 32% to $207.1 million
CDRE•Business update and outlook
- Safariland was selected as ballistic panel provider for a five-year, $61 million FBI IDIQ contract award to Predictive Ballistics; Alien Gear Holsters acquisition closed April 7.
- Raises 2026 outlook to net sales of $749 million-$769 million; targets adjusted EBITDA of $139 million-$144 million.
Q2 results and margin expansion
- Cadre posts Q2 net sales of $207.1 million, up 32% year over year; GAAP net income slips to $11.4 million, or $0.26 a share.
- GAAP gross margin widens 1.2 percentage points to 42.1%; non-GAAP adjusted EBITDA rises 56% to $42 million, lifting margin 3.1 percentage points to 20.3%.
- Backlog climbs to a record $368 million; cash and cash equivalents fall to $54 million as total debt increases to $374.3 million.
