Cadre Holdings, Inc.

Good morning and welcome to CADRI Holdings' first quarter 2025 conference call. Today's call is being recorded. All lines have been placed on mute. If you would like to ask a question at the end of the prepared marks, please press the start key and the number one on your touchtone phone. At this time, I would like to turn the conference over to Matt Berkowitz of the IJP Group for introductions. and the reading of the Safe Harbor Statement. Please go ahead, sir.

Thank you, and welcome to today's conference call to discuss CADRE's first quarter results. Before we begin, I'd like to remind everyone that during today's call, we will be making several forward-looking statements, and we make these statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our best estimates and assumptions based on our understanding of information known to us today. These forward-looking statements are subject to the risks and uncertainties that face CADRE and the industries and markets in which we operate. More information on potential factors that could affect CADRE's financial results is included from time to time in CADRE's public reports filed with the Securities and Exchange Commission. Please also note that we have posted presentation materials on our website at www.cadre-holdings.com. which supplement our comments this morning and include a reconciliation of certain non-GAAP financial measures. I'd like to remind everyone that this call will be available for replay through May 21. The webcast replay will also be available via the link provided in yesterday's press release, as well as on CADRE's website. At this time, I would like to turn the call over to CADRE's Chairman and CEO, Warren Kanders.

Good morning, and thank you for joining CADRE's first quarter earnings call. I am joined today by our President, Brad Williams, and Chief Financial Officer, Blaine Browers. We are pleased to have reported first quarter results above expectations, reflective of sustained demand for our best-in-class mission-critical safety products, as well as CADRE's outstanding strategic execution. In addition to important operational progress during the first quarter, which Brad and Blaine will outline, we have begun the year with the successfully completed acquisition of the engineering division from KARS, a well-established provider of products focused on our nuclear vertical. Since our IPO in 2021, we have consistently discussed our goal for CADRE to evolve into a multi-vertical provider of engineered, mission-critical safety products. With the acquisition of Alpha Safety last year, we delivered on that promise. establishing a platform in the nuclear space with meaningful organic growth potential and a robust M&A pipeline. And the addition of the engineering division represents a critical next step. These are the best-in-class businesses, complementary to CADRE's current nuclear safety focus, that manufacture highly engineered products, supporting mission-critical initiatives within trench customers and compelling growth opportunities. We are excited to deepen CADRE's exposure to the nuclear market while strengthening relationships with key international customers and providing an entry point to grow in new sub-verticals. While our nuclear businesses already operate at attractive margins, we believe the CADRE operating model can help unlock further efficiency and profitability moving forward. We continue to see additional M&A as a possibility and maintain a robust pipeline of targets across all our current verticals, including the nuclear, law enforcement, first responders, and military markets. We believe the current environment characterized by sustained interest rates, persistent uncertainty, and a growing backlog of actionable opportunities will continue to play to our strengths. We are reviewing a number of opportunities that are at various stages, And we have to balance sheet strength to be opportunistic while also being patient and disciplined. On a macro level, like all businesses in the current operating environment, we are navigating a great deal of unpredictability and uncertainty. The important point to highlight, however, is that even in times of economic turbulence, Padre has delivered consistent and stable growth. Our resilience is a key differentiator. with businesses that are largely unaffected by economic, political, geopolitical, and other cycles. Overall, we are confident in CADRE's long-term outlook and remain focused on taking advantage of both organic and inorganic opportunities ahead. With that, thank you for being with us today, and I will turn the call over to Brad. Brad, over to you.