Cadre(NYSE) CDRE

Cadre Holdings, Inc. NYSE:CDRE makes safety gear for life-threatening jobs. Their equipment helps police and soldiers stay safe during missions. They also make tools for hazardous nuclear power environments.

Tools for Critical Situations

• Personal Protection: Includes concealable vests, tactical armor, and correctional protection; represents $190.0 million of net sales in the Product segment for the three months ended June 30, 2026.
• Specialized Gear: Comprises bomb suits and remotely operated vehicles for explosive ordnance disposal (EOD) teams.
• Nuclear Safety: Provides ventilation, containment, and storage solutions for radioactive materials used in commercial nuclear power plants.
• Distribution Segment: Operates as a one-stop shop for law enforcement supplies like uniforms and firearms; accounted for $27.1 million of net sales for the quarter ended June 30, 2026.

Expanding the Protection Portfolio

• Acquired TYR Tactical in Jan. 2026 for $185.2 million to bolster tactical armor and equipment lines.
• Purchased Alien Gear holsters in April 2026 for $10.3 million to grow its duty gear offerings.
• Integrated Zircaloy in 2025 to increase its presence in the nuclear safety and materials market.
• Secured $75.0 million through a delayed draw term loan facility in June 2026 to support business activities.

Why Professionals Trust the Gear

Cadre maintains a direct covenant with users by ensuring equipment performs during life-threatening situations. The business benefit from recurring replacement cycles as agencies must meet evolving safety regulations and technical standards.

Key Financial Performance Metrics

• Net sales reached $207.1 million for the three months ended June 30, 2026, up 31.8% year over year.
• Adjusted EBITDA, a non-GAAP measure, rose to $42.0 million in the second quarter of 2026 from $27.0 million in the prior year.
• Orders backlog climbed to $367.7 million as of June 30, 2026, driven by acquisitions and demand for safety sensors.
• Net income was $11.4 million for the three months ended June 30, 2026, down 6.6% year over year.
• Cash provided by operating activities totaled $44.7 million for the six months ended June 30, 2026.

Evolution of Survival Technology

Cadre has evolved into a global provider of specialized survival technology through strategic acquisitions and nuclear sector expansion. Its focus on high-stakes safety equipment creates a steady demand cycle driven by regulatory requirements and technical innovation.