Conrad Industries Reports Strong Q2 2025 Performance Details
Strong Financial Performance in Q2 2025
Conrad Industries, Inc. (OTC Pink: CNRD) recently shared its impressive financial results for the second quarter of 2025. The company has reported a significant net income of $5.8 million and an impressive earnings per diluted share of $1.16. This represents a remarkable increase compared to last year, where the net income stood at $2.2 million and earnings per diluted share were noted at $0.44 in Q2 2024.
Year-to-Date Financial Highlights
In addition to stellar quarterly results, Conrad Industries has also released a six-month financial summary. For the first half of 2025, the company achieved net income soaring to $9.7 million, equating to earnings per diluted share of $1.93. This is a stark contrast to the previous year, where net income was only $3.7 million with earnings per diluted share at $0.75 for the same period. This upward trend reaffirms the financial health and strategic growth of the company in the market.
Backlog and Contract Signings
Conrad Industries has signed a total of $104.0 million in contracts during the first half of 2025 within its new construction segment. This is slightly lower than the previous year’s backlog addition of $116.5 million during the same timeframe in 2024. As of June 30, 2025, the company's backlog stood at an impressive $249.7 million, indicating solid demand for its services. This is a notable increase from $244.9 million reported at the same period in 2024. The growth trend is promising as the company continues to expand its portfolio.
Recent Developments Post-Q2
Since the conclusion of the second quarter, Conrad has signed an additional $3.8 million in contracts. This further strengthens the company's financial position and illustrates the high market demand for its products and services. The robust backlog showcases the company's potential for growth moving forward.
About Conrad Industries, Inc.
Founded in 1948 and situated in Morgan City, Louisiana, Conrad Industries specializes in designing, building, and overhauling a wide range of marine vessels including barges, dredges, tugboats, and offshore supply vessels. Its operations extend through five shipyards located in southern Louisiana and Texas, serving both commercial and government sectors. The company is recognized for its commitment to high-quality services and customer satisfaction.
Contact Information
For further inquiries, you can contact Scott Thomas at (985) 702-0195.
Frequently Asked Questions
What were Conrad Industries' Q2 2025 earnings?
Conrad Industries reported net income of $5.8 million for Q2 2025, with earnings per diluted share of $1.16.
How does the 2025 performance compare to 2024?
In Q2 2024, Conrad Industries had a net income of $2.2 million and earnings per diluted share of $0.44, indicating significant growth in 2025.
What was the backlog for Conrad Industries?
As of June 30, 2025, the backlog for Conrad Industries was reported at $249.7 million.
What types of products does Conrad offer?
Conrad Industries designs and builds various marine vessels including barges, dredges, and tugboats, serving both commercial and government markets.
Who can I contact for more information?
For further information, you can reach out to Scott Thomas at (985) 702-0195.
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