Cadre Holdings Inc. CEO Warren Kanders was reluctant to discuss Russia’s invasion of Ukraine during the Jacksonville-based company’s March 10 conference call.
However, investors likely are speculating how it will affect sales for the maker of safety and survivability products for the law enforcement, first responder and military markets
Stephens Inc. analyst Daniel Imbro said the Ukraine situation is increasing demand for Cadre’s products.
“Given the ongoing conflict in Eastern Europe, Cadre is receiving requests for potential body armor purchases,” Imbro said in a research note.
“We believe Cadre has inventory on hand to meet some of this elevated demand, and if NATO were to commit more capital to defense spending, this could augment growth,” he said.
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