Cadre Holdings reported strong third quarter results characterized by significant top-line expansion and margin improvement, leading management to raise full-year 2026 guidance for the second consecutive quarter. The company also announced an inaugural $100 million stock repurchase program, reflecting confidence in its free cash flow profile.
Key Highlights
- Net sales surged 30% year-over-year to $202.9 million, exceeding consensus estimates of $190.67 million, driven by current-year acquisitions and heightened demand for explosive ordnance disposal (EOD) products.
- Adjusted EBITDA grew to $41.1 million, while adjusted EBITDA margins expanded by 110 basis points to 20.2% due to favorable pricing and acquisition synergies.
- Management raised fiscal year 2026 revenue guidance to a range of $756 million to $769 million, up from the previous midpoint, alongside an increased Adjusted EBITDA forecast of $140 million to $144 million.