Jordan Lyonnais's questions to Cadre Holdings Inc (CDRE) leadership • Q2 2025
Question
Jordan Lyonnais, on behalf of Ron Epstein from Bank of America, asked for the organic backlog growth rate for the quarter and clarification on whether the delayed contracts had been included in the backlog figures.
Answer
CFO Blaine Browers stated that the organic backlog was flat sequentially compared to the previous quarter, with the reported increase primarily due to the addition of the acquired Cars Engineering division. He clarified that the delayed large opportunities were not yet firm orders and therefore had not been included in the backlog.