Here Is What You Need To Know Before Investing In Cadre Holdings, Inc. (CDRE)

Cadre Holdings, Inc. (NYSE:CDRE) is among the 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. The company has delivered a strong start to the year, with first-quarter results exceeding expectations, with a 130 basis point expansion in gross margins being a major highlight.

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The company’s net income was posted at $9.2 million, improving from $6.9 million during the comparable period last year. Despite net sales declining 6% during the quarter, Cadre Holdings, Inc. (NYSE:CDRE) anticipates full year net sales in the range of $618 million to $648 million, with the estimates including the impact from tariffs.

Cadre Holdings, Inc. (NYSE:CDRE) has also strengthened its position with the acquisition of Carr’s engineering division in April, which is expected to boost revenues and EBITDA during the year. The takeover also complements the company’s existing nuclear offerings and is expected to provide entry into new product categories and facilitate international expansion.

Despite the positive developments, the stock’s share price has remained largely stagnant this year, gaining just 1% year-to-date.

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