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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