Cadre Holdings (CDRE) Reports Backlog Growth to $355 Million

AI Summary

Cadre Holdings Inc. (CDRE) reported a backlog of $355 million for the first quarter of 2026, significantly up from $166 million at the beginning of the year. The increase is linked to a blast attenuation seat contract award and the TYR acquisition. Additionally, net sales rose to $155.4 million compared to $130.1 million in Q1 2025, while gross profit increased to $60.2 million from $56.1 million. However, net income decreased to $2 million, down from $9.2 million in the prior year due to rising expenses. Cadre expects full-year net sales between $736 million and $758 million.