Revenue and Gross Profit Increase
Revenue and gross profit increased year-over-year by 9% and 10%, respectively, despite a challenging macro environment.
Acquisition of Carr's Engineering Division
Completed the acquisition of Carr's Engineering division, which expanded the nuclear vertical and international footprint, adding high-margin safety businesses.
Strong Financial Position
Cadre reported cash on the balance sheet of $137 million and undrawn revolver capacity of $175 million, providing financial strength for future opportunities.
Positive Market Trends in Public Safety and Nuclear Sectors
Secular trends driving demand for mission-critical products are growing stronger, including increased interest in nuclear energy and public safety investments.