Cadre Holdings Q4 net sales $176M (+41% YoY); FY2025 guidance $572-601M

Cadre Holdings, Inc.

Q4 net income $13M ($0.32 diluted); full-year net income $36.1M ($0.90 diluted).
Q4 Adjusted EBITDA $38.5M (21.9% margin); FY 2024 Adjusted EBITDA $104.8M (18.5% margin).
Declared quarterly dividend $0.095/share (annualized $0.38, +8.6% vs prior $0.35).
Agreed to acquire Carr's Engineering Division for £75M enterprise value; closes expected in 2025.
New credit facilities up to $590M; cash $124.9M; net debt $98.3M at year-end.

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