Conrad Industries Announces Third Quarter 2025 Results and Backlog

Rhea-AI Summary

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.

Positive

• Nine-month net income +35.7% to $15.2M
• Nine-month EPS increased to $3.02
• Signed $46.8M in contracts since Sept 30, 2025

Negative

• Q3 net income declined ~26.7% to $5.5M
• Backlog down ~33% from Dec 31, 2024 to $196.0M
• New construction contracts down ~43.6% YoY to $123.4M
• Q3 2024 comparability affected by $8.04M judgment collected

News Market Reaction

-6.13%

1 alert

-6.13% News Effect

On the day this news was published, CNRD declined 6.13%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MORGAN CITY, La., Nov. 14, 2025 /PRNewswire/ -- Conrad Industries, Inc. (OTCID: CNRD) announced today its third quarter and nine months ended September 30, 2025 financial results and backlog at September 30, 2025.

For the quarter ended September 30, 2025, Conrad had net income of $5.5 million and earnings per diluted share of $1.09 compared to net income of $7.5 million and earnings per diluted share of $1.49 during the third quarter of 2024. The Company had net income of $15.2 million and earnings per diluted share of $3.02 for the nine months ended September 30, 2025 compared to net income of $11.2 million and earnings per diluted share of $2.24 for the nine months ended September 30, 2024. Net income recognized in the third quarter and first nine months of 2024 included collection of an $8.04 million judgment in a lawsuit, which increased Other Income by $8.04 million and net income by approximately $5.8 million. The Company's financial reports are available at www.otcmarkets.com.

During the first nine months of 2025, Conrad signed $123.4 million in contracts in its new construction segment compared to $218.4 million added to backlog during the first nine months of 2024. Conrad's backlog was $196.0 million at September 30, 2025, $293.8 million at December 31, 2024 and $282.2 million at September 30, 2024. Since September 30, 2025, the Company has signed an additional $46.8 million in contracts.

Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls a wide variety of steel marine vessels, including barges, dredges and dredge support equipment, tugboats, ferries, drydocks, liftboats, offshore supply vessels and other steel products for both commercial and government customers. The Company provides conversion, repair and new construction services at its five shipyards located in southern Louisiana and Texas.

For Information Contact:
Scott Thomas (985) 702-0195
SAThomas@ConradIndustries.com 

View original content:https://www.prnewswire.com/news-releases/conrad-industries-announces-third-quarter-2025-results-and-backlog-302616143.html

SOURCE Conrad Industries, Inc.

FAQ

What were Conrad Industries (CNRD) Q3 2025 net income and EPS?

Conrad reported Q3 2025 net income $5.5M and EPS $1.09.

How did Conrad Industries' nine‑month 2025 results compare to 2024?

Nine‑month 2025 net income was $15.2M (EPS $3.02) versus $11.2M (EPS $2.24) in 2024.

What is Conrad Industries' backlog at September 30, 2025 and how does it compare?

Backlog was $196.0M at Sept 30, 2025, down from $293.8M at Dec 31, 2024.

How much new construction business did Conrad sign in the first nine months of 2025?

Conrad signed $123.4M in new construction contracts in the first nine months of 2025.

Did Conrad report any significant one‑time items affecting comparability?

Yes. Q3 and nine‑month 2024 results included an $8.04M judgment collection that increased other income.

Where can investors find Conrad Industries' full financial reports for 2025?

The company's financial reports are available on OTC Markets and the investor relations site.