What Happened?
Shares of aerospace and defense company Cadre (NYSE: CDRE) jumped 19.9% in the afternoon session after the company reported a "beat and raise" quarter. First quarter 2025 results beat analysts' revenue, EPS, and EBITDA expectations and included a lift in full-year revenue and EBITDA guidance. Sales were down 6%, mostly because of timing on some big defense orders, but they made up for it with demand in other areas and help from new acquisitions. Zooming out, we think this print featured some important positives.
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What The Market Is Telling Us
Cadre’s shares are somewhat volatile and have had 10 moves greater than 5% over the last year. But moves this big are rare even for Cadre and indicate this news significantly impacted the market’s perception of the business.
Cadre is up 9.7% since the beginning of the year, but at $35.39 per share, it is still trading 12% below its 52-week high of $40.22 from October 2024. Investors who bought $1,000 worth of Cadre’s shares at the IPO in November 2021 would now be looking at an investment worth $2,315.
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