Conrad Industries Reports Strong Financial Performance for Q2 2025 with Increased Backlog

Conrad Industries Financial Performance in Q2 2025

Conrad Industries, Inc. (OTC Pink: CNRD), headquartered in Morgan City, Louisiana, recently announced its financial results for the second quarter and the first half of 2025, concluding on June 30. This report highlighted significant growth compared to the same period last year, demonstrating the company's resilience and commitment to expanding its operations in the marine and shipbuilding sectors.

Financial Highlights
In the quarter ending June 30, 2025, Conrad Industries reported a remarkable net income of $5.8 million, translating to an earnings per diluted share of $1.16. This is a substantial increase from the $2.2 million net income and $0.44 per share reported in Q2 2024.

For the six-month period ending the same day, Conrad's net income surged to $9.7 million, which equates to an earnings per diluted share of $1.93, a stark improvement over last year’s figures of $3.7 million and $0.75 per share.

Contract Backlog Developments
The first half of 2025 was also marked by robust contract activity. The company secured $104.0 million in new contracts specifically within its new construction division. While this represents a drop from the $116.5 million added during the same timeframe last year, it still signifies ongoing demand for their services. As of June 30, 2025, Conrad's backlog stood at $249.7 million, a decrease from $293.8 million at the end of December 2024, but slightly up from $244.9 million at the same point in 2024.

Adding to these positive figures, Conrad also signed an additional $3.8 million in contracts since the end of the second quarter, illustrating their ongoing growth trajectory.

About Conrad Industries
Founded in 1948, Conrad Industries specializes in the design, construction, and refurbishment of marine vessels and equipment. This includes barges, dredges, support equipment, tugboats, ferries, liftboats, offshore supply vessels, and drydocks. The company operates five shipyards located across Southern Louisiana and Texas, serving both commercial and government clients.

As the industry evolves, Conrad Industries continues to adapt, ensuring they meet the needs of their clients while maintaining a focus on safety and quality. Their commitment to innovation and improvement has enabled them to maintain a competitive edge in a rapidly changing market.

In conclusion, Conrad Industries' Q2 2025 results reflect a strong financial standing and a promising future, with strategic contracts and a solid backlog reinforcing their position within the marine sector. The company aims to continue this upward trend as it looks ahead to the remainder of the year.