Cadre Holdings reports Q1 net sales $130.1M, completes Carr's Engineering acquisition, raises guidance

Cadre Holdings, Inc.

2025-Q1 EPS reported $0.23 revenue$130,106,000

Q1 net sales $130.1M (down 5.7% YoY), net income $9.2M ($0.23 diluted EPS), vs $6.9M in prior year.
Gross margin improved 130 bps to 43.1%; Adjusted EBITDA $20.5M, margin 15.8%.
Acquired Carr's Engineering Division for £75M enterprise value on April 22, expanding nuclear safety vertical.
FY 2025 guidance raised: net sales $618-648M, Adjusted EBITDA $112-122M, capex $8-10M.
Quarterly dividend of $0.095 per share declared, payable May 16, 2025 to holders of record May 2.

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