Cadre Holdings, Inc. (CDRE) experienced a sharp decline of 11.92% in after-hours trading following the release of its first-quarter 2026 financial results.

The security equipment manufacturer reported earnings of $0.05 per share for the quarter ended March 31, which fell significantly short of analyst expectations. Multiple sources reported the miss, with estimates ranging from $0.07 to $0.11 per share. This represents a dramatic 78.26% decrease from the $0.23 per share reported in the same quarter last year.

While the company's revenue of $155.4 million slightly exceeded estimates and showed a 19% year-over-year increase, investors focused on the sharp decline in profitability. Net income dropped to $2 million, and the gross margin narrowed by 4.4 percentage points to 38.7%. The substantial earnings miss and contracting margins likely triggered the after-hours sell-off as the market digested the disappointing quarterly performance.