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Conrad Industries Announces First Quarter 2025 Results and Backlog

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Conrad Industries (OTC: CNRD) reported strong Q1 2025 financial results with net income of $3.9 million and EPS of $0.77, significantly higher than Q1 2024's $1.5 million net income and $0.30 EPS. The company's new construction segment secured contracts worth $67.3 million in Q1 2025, up from $51.8 million in Q1 2024. The backlog stood at $292.0 million as of March 31, 2025, compared to $293.8 million at end-2024 and $247.3 million in Q1 2024. Additionally, the board authorized a $2.0 million stock buyback program to be funded through cash on hand or operations, with flexibility in timing and execution.
Conrad Industries (OTC: CNRD) ha riportato risultati finanziari solidi per il primo trimestre 2025, con un utile netto di 3,9 milioni di dollari e un utile per azione (EPS) di 0,77 dollari, significativamente superiori ai 1,5 milioni di dollari di utile netto e 0,30 dollari di EPS del primo trimestre 2024. Il segmento nuove costruzioni dell'azienda ha ottenuto contratti per un valore di 67,3 milioni di dollari nel primo trimestre 2025, in aumento rispetto ai 51,8 milioni di dollari del primo trimestre 2024. L'ordine arretrato ammontava a 292,0 milioni di dollari al 31 marzo 2025, rispetto ai 293,8 milioni di fine 2024 e ai 247,3 milioni del primo trimestre 2024. Inoltre, il consiglio di amministrazione ha autorizzato un programma di riacquisto di azioni da 2,0 milioni di dollari, finanziato tramite liquidit脿 disponibile o operazioni, con flessibilit脿 nei tempi e nell'esecuzione.
Conrad Industries (OTC: CNRD) report贸 s贸lidos resultados financieros del primer trimestre de 2025 con un ingreso neto de 3,9 millones de d贸lares y una ganancia por acci贸n (EPS) de 0,77, significativamente superior a los 1,5 millones de d贸lares de ingreso neto y 0,30 EPS del primer trimestre de 2024. El segmento de nuevas construcciones de la empresa asegur贸 contratos por un valor de 67,3 millones de d贸lares en el primer trimestre de 2025, frente a los 51,8 millones de d贸lares del primer trimestre de 2024. La cartera de pedidos se situ贸 en 292,0 millones de d贸lares al 31 de marzo de 2025, comparado con 293,8 millones al cierre de 2024 y 247,3 millones en el primer trimestre de 2024. Adem谩s, la junta autoriz贸 un programa de recompra de acciones por 2,0 millones de d贸lares, financiado con efectivo disponible o mediante operaciones, con flexibilidad en el momento y la ejecuci贸n.
Conrad Industries (OTC: CNRD)電� 2025雲� 1攵勱赴 鞛 鞁れ爜鞐愳劀 靾滌澊鞚� 390毵� 雼煬鞕 欤茧嫻靾滌澊鞚�(EPS) 0.77雼煬毳� 旮半頃橂┌ 2024雲� 1攵勱赴鞚� 150毵� 雼煬 靾滌澊鞚� 氚� 0.30雼煬 EPS氤措嫟 韥矊 歃濌皜頃� 靹标臣毳� 氤搓碃頄堨姷雼堧嫟. 須岇偓鞚� 鞁犼窚 瓯挫劋 攵氍胳潃 2025雲� 1攵勱赴鞐� 6730毵� 雼煬 靸侂嫻鞚� 瓿勳暯鞚� 頇曤炒頄堨溂氅�, 鞚措姅 2024雲� 1攵勱赴鞚� 5180毵� 雼煬鞐愳劀 歃濌皜頃� 靾橃箻鞛呺媹雼�. 氙胳垬欤� 鞛旍暋鞚 2025雲� 3鞗� 31鞚� 旮办 2鞏� 9200毵� 雼煬搿�, 2024雲� 毵愳潣 2鞏� 9380毵� 雼煬 氚� 2024雲� 1攵勱赴鞚� 2鞏� 4730毵� 雼煬鞕 牍勱祼霅╇媹雼�. 霕愴暅 鞚挫偓須岆姅 順勱笀 氤挫湢鞎§澊雮� 鞓侅梾頇滊彊鞚� 韱淀暣 鞛愱笀鞚� 臁半嫭頃橂姅 200毵� 雼煬 欤检嫕 鞛Г鞛� 頂勲攴鸽灗鞚� 鞀轨澑頄堨溂氅�, 鞁ろ枆 鞁滉赴鞕 氚╇矔鞐� 鞙犾棸靹膘潉 霊愱碃 鞛堨姷雼堧嫟.
Conrad Industries (OTC : CNRD) a annonc茅 de solides r茅sultats financiers du premier trimestre 2025 avec un b茅n茅fice net de 3,9 millions de dollars et un BPA de 0,77 $, nettement sup茅rieurs aux 1,5 million de dollars de b茅n茅fice net et 0,30 $ de BPA du premier trimestre 2024. Le segment construction neuve de la soci茅t茅 a obtenu des contrats d'une valeur de 67,3 millions de dollars au premier trimestre 2025, en hausse par rapport 脿 51,8 millions au premier trimestre 2024. Le carnet de commandes s'茅levait 脿 292,0 millions de dollars au 31 mars 2025, contre 293,8 millions 脿 la fin 2024 et 247,3 millions au premier trimestre 2024. De plus, le conseil d'administration a autoris茅 un programme de rachat d'actions de 2,0 millions de dollars, financ茅 par la tr茅sorerie disponible ou les op茅rations, avec une flexibilit茅 quant au calendrier et 脿 l'ex茅cution.
Conrad Industries (OTC: CNRD) meldete starke Finanzergebnisse f眉r das erste Quartal 2025 mit einem Nettogewinn von 3,9 Millionen US-Dollar und einem Gewinn je Aktie (EPS) von 0,77, was deutlich 眉ber den 1,5 Millionen US-Dollar Nettogewinn und 0,30 EPS im ersten Quartal 2024 liegt. Der Neubaubereich des Unternehmens sicherte im ersten Quartal 2025 Auftr盲ge im Wert von 67,3 Millionen US-Dollar, verglichen mit 51,8 Millionen US-Dollar im ersten Quartal 2024. Der Auftragsbestand belief sich zum 31. M盲rz 2025 auf 292,0 Millionen US-Dollar, gegen眉ber 293,8 Millionen Ende 2024 und 247,3 Millionen im ersten Quartal 2024. Dar眉ber hinaus genehmigte der Vorstand ein Aktienr眉ckkaufprogramm in H枚he von 2,0 Millionen US-Dollar, das aus vorhandenen Barmitteln oder dem operativen Gesch盲ft finanziert werden soll, mit Flexibilit盲t hinsichtlich Zeitpunkt und Umsetzung.
Positive
  • Net income increased 160% YoY to $3.9 million in Q1 2025
  • EPS grew significantly to $0.77 from $0.30 in Q1 2024
  • New construction contracts increased 30% YoY to $67.3 million in Q1 2025
  • Backlog grew 18% YoY to $292.0 million
  • Announced $2.0 million stock buyback program
Negative
  • Slight sequential decline in backlog from $293.8M in Q4 2024 to $292.0M in Q1 2025

MORGAN CITY, La., May 15, 2025 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink:聽CNRD) announced today its first quarter 2025 results.

For the quarter ended March 31, 2025, the Company had net income of $3.9 million and earnings per diluted share of $0.77 compared to $1.5 million and earnings per diluted share of $0.30 during the first quarter of 2024. The Company's financial reports are available at .

During the first three months of 2025, Conrad signed $67.3 million in contracts in its new construction segment compared to $51.8 million added to backlog during the first three months of 2024. Conrad's backlog was $292.0 million at March 31, 2025, $293.8 million at December 31, 2024 and $247.3 million at March 31, 2024.

The Company also announced that its board of directors has authorized the Company to purchase up to $2.0 million of its common stock. The Company plans to use cash on hand or generated from operations to purchase the stock. Acquisitions may be made from time to time in the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements. The timing, prices and sizes of purchases will depend upon prevailing stock prices, general economic and market conditions and other factors as management deems appropriate. The program does not obligate the Company to acquire any particular amount of common stock, and may be commenced, suspended or discontinued at any time or from time to time in the Company's discretion without prior notice.

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

For Information Contact:
Scott Thomas聽(985) 702-0195
[email protected]

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SOURCE Conrad Industries, Inc.

FAQ

What were Conrad Industries' (CNRD) earnings per share in Q1 2025?

Conrad Industries reported earnings per diluted share of $0.77 in Q1 2025, up from $0.30 in Q1 2024.

How much is Conrad Industries' (CNRD) stock buyback program worth?

Conrad Industries' board authorized a $2.0 million stock buyback program to be funded through cash on hand or operations.

What was Conrad Industries' (CNRD) backlog value as of March 31, 2025?

Conrad Industries' backlog was $292.0 million as of March 31, 2025, compared to $247.3 million a year earlier.

How much were Conrad Industries' (CNRD) new construction contracts in Q1 2025?

Conrad Industries signed $67.3 million in new construction contracts during Q1 2025, up from $51.8 million in Q1 2024.

What was Conrad Industries' (CNRD) net income for Q1 2025?

Conrad Industries reported a net income of $3.9 million for Q1 2025, compared to $1.5 million in Q1 2024.
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92.83M
5.02M
0.44%
Aerospace & Defense
Industrials
United States
Morgan City