Jeff Van Sinderen's questions to Cadre Holdings Inc (CDRE) leadership • Q2 2025
Question
Jeff Van Sinderen of B. Riley Securities sought confirmation that the guidance change was solely due to order timing and requested further details on the second-half sales mix, margin progression, and opportunities within the Nuclear business, including the Cars acquisition integration.
Answer
President Brad Williams confirmed the guidance change was strictly a matter of timing with no lost business. CFO Blaine Browers projected Q3 gross margins to be similar to Q2, with Q4 being slightly higher due to increased volume and a stronger, higher-margin EOD mix. Williams added that the Cars integration is in its early stages, focusing on functional areas like finance and IT, with initial strategic discussions underway among the nuclear business leaders.