Cadre Holdings (CDRE) Q4 2025 Earnings Transcript
Cadre Holdings (CDRE) reported a record adjusted EBITDA of $111.7 million for 2025, with a backlog increase of nearly 50%. The company completed two acquisitions, CARS Engineering and TIER Tactical, expected to contribute significantly to revenue in 2026. Guidance for 2026 includes net sales of $736-$758 million and adjusted EBITDA of $136-$141 million. An $86 million contract from General Dynamics for Med-Eng products enhances long-term visibility. Despite some near-term challenges, management remains confident in future growth and backlog strength.
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