Cadre reports Q2 EPS 30c, two estimates 29c

Reports Q2 revenue $157.1M, consensus $153.23M. “We delivered strong revenue growth and profitability in the second quarter, despite a fluid macro environment, which underscores the positive demand trends we continue to see for Cadre’s (CDRE) best-in-class safety products across our law enforcement, first responder, military and nuclear categories,” said Warren Kanders, CEO and Chairman. “Revenue and gross profit increased year-over-year by 9% and 10%, respectively. We remain confident that the combination of Cadre’s track record of superior execution, resilience in the face of economic, political, geopolitical and other cycles, as well as our disciplined approach to capital allocation, will continue to drive strong results moving forward.”