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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.