Cadre Holdings Inc Q2 2024 Earnings Summary
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Cadre Holdings, Inc. Q2 2024 Earnings Summary
Cadre Holdings, Inc. reports Q2 2024 Financial Results
Cadre Holdings, Inc. (NYSE: CDRE) reported its financial results for the quarter ended June 30, 2024.
Key Financial Metrics:
| Metric | Q2 2024 | Q2 2023 | YoY Change |
|---|---|---|---|
| Total Revenue | $153.3M | $129.0M | +18.8% |
Interpretation: Cadre Holdings experienced an 18.8% increase in total revenue year-over-year. The key drivers of this growth were acquisitions and increased demand for armor and duty gear products.
Segment Revenue Performance:
| Segment | Q2 2024 | Q2 2023 | YoY Change |
|---|---|---|---|
| Product | $128.4M | $103.4M | +24.2% |
| Distribution | $25.6M | $25.7M | -0.5% |
Interpretation: The Product segment saw a significant increase in revenue, mainly driven by recent acquisitions and higher demand for duty gear and armor products. The Distribution segment saw a slight decline in revenue.
Key Operational Data:
| Data Point | Q2 2024 Value | Comments |
|---|---|---|
| Orders Backlog | $42.8M | Increased by $24.5M from Dec 2023 |
Interpretation: The orders backlog indicates a strong pipeline, primarily due to recent acquisitions.
Stock Price Movement:
Stock Price Movement after Earnings Release: The stock experienced a decrease of -0.99% after the earnings release.
This summary covers the essential aspects of Cadre Holdings Inc.'s financial performance for Q2 2024. If more details or clarifications are needed, please refer to the complete earnings report.
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