Welcome to our dedicated page for Conrad Inds news (Ticker: CNRD), a resource for investors and traders seeking the latest updates and insights on Conrad Inds stock.
Conrad Industries, Inc. (CNRD) is a marine-focused manufacturing company that designs, builds and overhauls steel vessels and related products for commercial and government customers. Headquartered in Morgan City, Louisiana and trading on the OTC Pink market, the company regularly issues news updates that highlight its financial performance, contract activity and operational developments.
News about Conrad Industries often centers on quarterly and annual results, where the company reports net income or loss, earnings per share and detailed information on its backlog. These releases also describe contracts signed in its new construction segment, providing insight into demand for barges, dredges and dredge support equipment, tugboats, ferries, drydocks, liftboats, offshore supply or support vessels and other steel products.
In addition to earnings and backlog updates, Conrad Industries’ news flow can include commentary from management on operating conditions, such as steel prices, inflation, labor markets, supply chain issues and interest rates. The company has also used press releases to discuss opportunities in infrastructure and government markets, as well as developments in its repair and conversions segment and notable government-related contracts.
Corporate governance and capital allocation decisions also appear in the news, including announcements about board appointments or retirements and authorization of common stock repurchase programs. For investors and observers, following CNRD news provides context on how the company’s shipyard capacity, contract mix and market environment are affecting its operations over time. This page aggregates those updates so readers can review the sequence of financial results, backlog changes, contract awards and board-level decisions reported by Conrad Industries.
Conrad Industries (OTCID: CNRD) reported third quarter and nine-month results for the period ended September 30, 2025.
For Q3 2025 the company reported net income $5.5M and EPS $1.09 versus $7.5M and $1.49 in Q3 2024. For the nine months ended Sept 30, 2025, net income was $15.2M and EPS $3.02 versus $11.2M and $2.24 in the prior-year period.
Backlog stood at $196.0M at Sept 30, 2025, down from $293.8M at Dec 31, 2024; the company signed $123.4M in new construction contracts in the first nine months of 2025 and $46.8M additional since Sept 30, 2025.
Conrad Industries (OTCID: CNRD) reported third quarter and nine-month results for the period ended September 30, 2025.
For Q3 2025 the company reported net income $5.5M and EPS $1.09 versus $7.5M and $1.49 in Q3 2024. For the nine months ended Sept 30, 2025, net income was $15.2M and EPS $3.02 versus $11.2M and $2.24 in the prior-year period.
Backlog stood at $196.0M at Sept 30, 2025, down from $293.8M at Dec 31, 2024; the company signed $123.4M in new construction contracts in the first nine months of 2025 and $46.8M additional since Sept 30, 2025.
Conrad Industries (OTC Pink: CNRD) reported strong financial results for Q2 2025, with net income of $5.8 million and earnings per diluted share of $1.16, compared to $2.2 million and $0.44 per share in Q2 2024. For the first half of 2025, net income reached $9.7 million ($1.93 per share), up significantly from $3.7 million ($0.75 per share) in H1 2024.
The shipbuilding company's new construction segment secured $104.0 million in contracts during H1 2025, slightly down from $116.5 million in H1 2024. The company's backlog stood at $249.7 million as of June 30, 2025, with an additional $3.8 million in contracts signed after the quarter end.
Conrad Industries (OTC Pink: CNRD) reported significant financial improvement in 2024, posting a net income of $11.2 million ($2.24 per diluted share), compared to a net loss of $27.0 million in 2023. The company's backlog increased to $293.8 million as of December 31, 2024, up from $253.8 million in 2023.
The company benefited from stabilizing steel prices, lower inflation, and interest rates in 2024, despite these factors remaining relatively high and continued tight labor markets. The new construction segment saw market improvements, particularly in infrastructure and government markets.
However, 2025 brings new challenges including steel tariffs, rising steel prices, uncertain inflation outlook, and shifting U.S. trade policies. Despite these headwinds, Conrad Industries maintains optimism due to its shipyard capacity, continued investments, and recent U.S. Navy contract for a ninth YRBM barge.
Conrad Industries (OTC Pink: CNRD) has announced the appointment of Jack Waldo to its Board of Directors and Independent Directors Committee, effective January 28, 2025, following the retirement of Michael J. Harris. Waldo brings significant industry expertise from his 17-year tenure at Stephens Inc. as an investment banker and research analyst focused on transportation and logistics.
Currently serving as co-CEO of Dental Depot, a private dentistry group with 46 locations across four states, Waldo has demonstrated operational leadership since joining the company in 2017. He also serves on the boards of United Petroleum Transport and the Samuel Roberts Noble Foundation.
Conrad Industries, founded in 1948 and based in Morgan City, Louisiana, specializes in designing, building, and overhauling various marine vessels and steel products for both commercial and government markets through its five shipyards in Louisiana and Texas.
Conrad Industries (OTC Pink: CNRD) reported strong Q3 2024 results with net income of $7.5 million ($1.49 per share), compared to a loss of $3.2 million in Q3 2023. Nine-month earnings reached $11.2 million ($2.24 per share), versus a $14.1 million loss in the same period of 2023. The improved performance was driven by better gross profits in new construction and an $8.04 million lawsuit settlement. The company's backlog stood at $282.2 million as of September 30, 2024, with $218.4 million in new construction contracts signed during the first nine months, and an additional $27.7 million in contracts secured after Q3.
Conrad Industries (OTC Pink: CNRD) reported positive financial results for Q2 2024 and the first half of the year. The company achieved net income of $2.2 million and earnings per diluted share of $0.44 in Q2 2024, compared to a net loss in the same period of 2023. For the first six months of 2024, Conrad recorded net income of $3.7 million and earnings per diluted share of $0.75.
The company's new construction segment secured $116.5 million in contracts during H1 2024, though this was lower than the $191.0 million added to backlog in H1 2023. Conrad's backlog stood at $244.9 million as of June 30, 2024, with an additional $32.8 million in contracts signed after the quarter's end.
Conrad Industries (OTC Pink: CNRD) reported its first quarter 2024 results, showing a net income of $1.5 million and earnings per diluted share of $0.30, a significant recovery from the net loss of $5.1 million and loss per diluted share of $1.01 in Q1 2023. The company signed $51.8 million in new construction contracts during Q1 2024, up from $47.0 million in Q1 2023, and reported a backlog of $247.3 million as of March 31, 2024. Additional $25.0 million in contracts have been signed since the quarter ended. Conrad Industries operates five shipyards in Louisiana and Texas, focusing on building and overhauling various marine vessels and steel products for commercial and government markets.
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