Cadre Holdings, Inc.

Welcome to the cadre holdings second quarter 2025 conference call. Today's call is being recorded and all lines have been placed on mute. If you would like to ask a question at the end of the prepared remarks, please press the star key and then the number one on your touchtone phone. At this time, I would like to turn the conference over to Matt Berkowitz of the IGB group for instructions and the reading of the safe harbor statement. Please go ahead, sir.

Thank you and welcome to today's conference call to discuss cadre second quarter results. Before we begin, I would 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 with the Securities and Exchange Commission. Please also note that we have posted presentation materials on our website at -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 August 20, 2025. A 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 second quarter earnings call. I am joined today by our President Brad Williams and Chief Financial Officer Blaine Browers. We are pleased to record another quarter of strong financial and strategic progress, underscoring the resilience of our businesses, the market leadership of our brands, and consistent execution across our organization driven by the cadre operating model. Revenue and gross profit increase year over year by 9% and 10% respectively as we continue to see strong and recurring demand for our suite of protection products in the second quarter despite a fluid macro environment. With a diversified platform of industry leading high margin safety businesses, we continue to build momentum across our law enforcement, first responder, military, and nuclear categories. The latest step in cadre's evolution was the acquisition of Carr's engineering division completed in April, which added scale and a broader international footprint for our nuclear vertical. As we have discussed previously, these are best in class brands, complementary to cadre's current nuclear safety focus that manufacture highly engineered products supporting mission critical initiatives with entrenched customers and long-term demand drivers and visibility. Brad will discuss the integration process in greater detail, but a key point to highlight is that we see opportunities for core cadre operating model tools to help unlock further efficiency and profitability. We continue to view additional M&A as a possibility this year and maintain a robust pipeline of actionable opportunities focusing on leading businesses with strong margins, defensible market positions, and recurring revenue. With cash on the balance sheet of $137 million and undrawn revolver capacity of $175 million, we can combine with the full support of our banking group, we have the financial strength to be opportunistic while also being patient and disciplined. From a macro perspective, the secular trends driving demand for our mission critical, lifesaving products around the world are only growing stronger. Unresting conflict are on the rise, highlighting the critical need for those who protect and serve us to be equipped with the safest and most reliable products. Regarding nuclear, we see accelerating global demand driven by strong energy, defense, and nuclear waste tailwinds. Most importantly, cadre's consistent and stable growth through cycles remains a defining characteristic of our company, and we anticipate that resilience will continue to serve us well. Moving forward, we believe cadre is well positioned to grow our platform and further enhance our market leadership over the long term, supported by a strong balance sheet, robust acquisition pipeline, and operating model. With that, thank you for being with us today, and I will turn the call over to Brad. Brad, over to you.