Cadre Holdings, Inc. (CDRE) stock is soaring 5.37% in pre-market trading on Wednesday, following the company's impressive first-quarter earnings report released late Tuesday. The industrial goods manufacturer has outperformed analysts' expectations and raised its full-year sales guidance, sparking investor optimism.
Cadre Holdings reported Q1 earnings of $0.23 per diluted share, a significant increase from $0.18 in the same period last year and substantially beating the FactSet analyst consensus of $0.12. While net sales for the quarter ended March 31 decreased to $130.1 million from $137.9 million a year earlier, they still surpassed analysts' expectations of $122.1 million.
Adding to the positive sentiment, Cadre Holdings has raised its 2025 sales outlook. The company now projects net sales between $618 million and $648 million, up from its previous forecast of $572 million to $601 million. This new guidance exceeds the current FactSet analyst consensus of $609.1 million, suggesting potential for further growth and profitability improvements throughout the year.