Cadre Holdings Inc. $(CDRE)$, a global leader in the manufacturing and distribution of safety equipment, reported its consolidated operating results for the second quarter of 2025. The company achieved net sales of $157.1 million, marking a 9% increase from the $144.3 million recorded in the same quarter of 2024. This growth in sales was primarily driven by recent acquisitions. The gross profit margin for the second quarter was 40.9%, reflecting a year-over-year increase from the previous quarter's margin. For the six months ended June 30, 2025, Cadre reported net sales of $287.2 million and a gross profit margin of 41.9%. Adjusted EBITDA for the quarter was $27.0 million, slightly down from $28.3 million in the corresponding period of the previous year, with an adjusted EBITDA margin of 17.2%, compared to 19.6% in 2024. Looking ahead, Cadre forecasts net sales for the full year 2025 to be between $624 million and $630 million, with Adjusted EBITDA expected to range from $112 million to $116 million. Capital expenditures are anticipated to be between $7 million and $8 million. The company has highlighted its strong position to leverage growth opportunities, supported by a cash balance of $137 million and an undrawn revolver capacity of $175 million.
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