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Conrad Industries, Inc. - $CNRD STOCK NEWS

Welcome to our dedicated page for Conrad Industries news (Ticker: $CNRD), a resource for investors and traders seeking the latest updates and insights on Conrad Industries stock.

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Rhea-AI Summary

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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Rhea-AI Summary
Conrad Industries, Inc. reported a net loss of $27.0 million for 2023, with a backlog of $253.8 million. Challenges like high steel prices, inflation, and supply chain disruptions impacted the company's performance. Despite uncertainties, Conrad Industries remains optimistic about future opportunities.
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Rhea-AI Summary
Conrad Industries, Inc. (CNRD) reported a net loss of $3.2 million for the quarter ended September 30, 2023, compared to a net loss of $5.3 million in the same period in 2022. The company's nine months ended September 30, 2023, resulted in a net loss of $14.1 million, compared to a net loss of $8.8 million in the same period in 2022. The backlog for Conrad's new construction segment was $203.7 million for the first nine months of 2023, down from $251.0 million in the same period in 2022. The CEO attributed the net loss to complex projects signed during the COVID-19 pandemic, affected by supply chain and inflationary issues.
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Conrad Industries, Inc.

OTC:CNRD

CNRD Rankings

CNRD Stock Data

38.39M
3.58M
4.74%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States of America
Morgan City