Cadre Holdings: Ignore The Cybersecurity Noise -- This Stock Is Primed For Growth
I initiated coverage for Cadre Holdings, Inc. with a buy rating due to strong fundamentals, despite recent underperformance and a cybersecurity incident impacting Q3 earnings. Sales grew 19.2% driven by acquisitions and higher demand, while adjusted EBITDA increased 24%, indicating successful integration of high-quality, margin-accretive companies. 2024 guidance shows 19.5% sales growth and 23.5% EBITDA growth, despite cybersecurity setbacks, with expectations of recapturing Q3 losses in Q4.
Cadre Holdings, Inc. (CDRE) Q2 2024 Earnings Call Transcript
Cadre Holdings, Inc. (NYSE:CDRE ) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET Company Participants Matthew Berkowitz - IGB Group Warren Kanders - Chairman & CEO Brad Williams - President Blaine Browers - CFO Conference Call Participants Lawrence Solow - CJS Securities Jeffrey Van Sinderen - B. Riley Securities Matthew Koranda - ROTH Capital Jordan Lyonnais - Bank of America Mark Smith - Lake Street Bert Subin - Stifel Operator Good morning, and welcome to the Cadre Holdings Second Quarter 2024 Conference Call.
Cadre Holdings, Inc. (CDRE) Q2 Earnings and Revenues Top Estimates
Cadre Holdings, Inc. (CDRE) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.29 per share a year ago.
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