Cadre Holdings: Q4 and Annual Operating Results
In a recent business update, Cadre Holdings, Inc. (CDRE) reported its financial results for the fourth quarter and full year ended December 31, 2024. The company, a leading player in the manufacturing and distribution of safety equipment and related products for law enforcement, first responder, military, and nuclear markets, announced net sales of $176.0 million for the fourth quarter and $567.6 million for the year.
Financial Highlights
The quarterly net sales figure represents a 12.5% increase compared to the same period in the previous year. Yearly net sales, on the other hand, represent a significant 26.3% growth. These figures demonstrate Cadre’s continued success in delivering high-quality safety products to its customer base.
Gross Profit and Operating Income
Gross profit for the fourth quarter came in at $39.4 million, while operating income was $21.9 million. For the year, gross profit totaled $115.3 million, and operating income reached $63.3 million. These figures indicate the company’s operational efficiency and financial health.
Impact on Customers
As a result of Cadre’s strong financial performance, customers can expect continued access to innovative safety equipment and reliable service. The company’s focus on research and development, as well as its commitment to quality, will ensure that first responders, law enforcement personnel, military personnel, and nuclear workers have the tools they need to stay safe on the job.
Impact on the World
On a larger scale, Cadre’s financial success contributes to the overall safety and security of communities around the world. The company’s products play a critical role in protecting first responders, law enforcement personnel, military personnel, and nuclear workers. With continued growth, Cadre can invest further in research and development, ensuring the production of even more advanced safety equipment.
Looking Forward
Cadre Holdings’ strong financial performance in 2024 positions the company well for future growth. With a focus on innovation and quality, Cadre is poised to continue providing essential safety equipment and services to its customers. As the world’s needs evolve, Cadre will adapt, ensuring that its offerings remain at the forefront of safety technology.
In conclusion, Cadre Holdings’ financial results for the fourth quarter and year ended December 31, 2024, demonstrate the company’s continued success in the manufacturing and distribution of safety equipment and related products for various markets. These results not only benefit Cadre’s customers and shareholders but also contribute to the overall safety and security of communities worldwide. With a commitment to innovation, quality, and operational efficiency, Cadre is well-positioned for future growth and success.
- Cadre Holdings reported net sales of $176.0 million for Q4 and $567.6 million for the year.
- Gross profit for Q4 was $39.4 million, and operating income was $21.9 million.
- Yearly gross profit totaled $115.3 million, and operating income reached $63.3 million.
- The financial results demonstrate Cadre’s operational efficiency and financial health.
- Customers can expect continued access to innovative safety equipment and reliable service.
- Cadre’s financial success contributes to the overall safety and security of communities around the world.
- With a focus on innovation and quality, Cadre is poised for future growth and success.
