Cadre reports Q3 EPS 27c, consensus 28c

Reports Q3 revenue $155.87M, consensus $158.96M. “We are pleased to report another quarter of strong performance, driven by Cadre’s (CDRE) industry leading brands and favorable trends across our law enforcement, first responder, military, and nuclear end-markets,” said Warren Kanders, CEO and Chairman. “Our teams delivered results above expectations, while expanding our backlog significantly and advancing Cadre’s track record of consistent and stable growth despite a dynamic operating environment. Revenue, gross profit, net income, and Adjusted EBITDA increased significantly this quarter, with an Adjusted EBITDA margin that improved 670 basis points year-over-year.”