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Conrad Industries reports Q1 2026 net income of $3.2M and backlog of $199.6M, with new contracts signed post-quarter.

Company Fundamentals
15 May 2026
Conrad Industries, Inc.
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Neutral
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Conrad Industries announced its financial results for Q1 2026, reporting a net income of $3.2 million and earnings per diluted share of $0.64, down from $3.9 million and $0.77 respectively in Q1 2025. The company signed $46.8 million in new construction contracts during the quarter, with a backlog of $199.6 million as of March 31, 2026, slightly lower than previous periods. Since the quarter ended, Conrad secured an additional $134.2 million in contracts, including a U.S. Navy contract modification for four Yard Repair, Berthing and Messing vessels. This indicates continued demand and potential growth in their marine vessel construction and repair business.

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