Cadre Holdings Reports Strong Backlog Growth and Q1 Financial Results
Cadre Holdings Inc. (NYSE:CDRE) reported a backlog increase to $355 million in Q1 2026, up from $166 million at the year's start. This growth is driven by a new contract and the TYR acquisition, indicating strong market demand amid rising defense expenditures.
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Cadre Holdings Inc. announced a backlog of $355 million for Q1 2026, significantly up from $166 million at the beginning of the year, driven by a blast attenuation seat contract and the TYR acquisition. First-quarter net sales reached $155.4 million, up from $130.1 million in Q1 2025, while gross profit grew to $60.2 million.
However, net income fell to $2 million from $9.2 million year-over-year due to increased operational costs. For the fiscal year, the company anticipates net sales between $736 million and $758 million, with adjusted EBITDA projected between $136 million and $141 million. The company's strong order backlog and demand for safety products reflect positive trends in the aerospace and defense sector, potentially positioning it for future growth.
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