Strong Financial Performance
Cadre reported a 42% year-over-year increase in Q3 net sales, reaching $155.9 million. Gross margin improved by 610 basis points year-over-year.
Strategic Acquisition of TYR Tactical
Cadre announced an agreement to acquire TYR Tactical, enhancing market leadership in mission-critical products with high margins and strong cash flows.
U.S. Department of Defense Contract
Cadre's Med-Eng business was awarded a $50 million IDIQ contract for the Blast Exposure Monitoring System by the U.S. Department of Defense.
Increased Organic Backlog
Organic backlog increased by $20 million sequentially, reflecting progress on previously delayed opportunities.
Positive Industry Tailwinds
Rising safety threats and nuclear demand are driving long-term growth opportunities across law enforcement and nuclear sectors.