MarketPulse

marine vessels

2 articles
BenzingaBenzinga··Conrad Industries, Inc.

Conrad Industries Faces Earnings Decline Amid Backlog Compression in Q1 2026

Conrad Industries reports Q1 2026 net income declined to $3.2M from $3.9M year-over-year. Backlog fell 31.6% to $199.6M, offset by $134.2M in subsequent U.S. Navy contracts.
CNRDshipbuildingnet income decline
BenzingaBenzinga··Prnewswire

Conrad Industries Posts 77% Earnings Surge But Backlog Slump Raises Growth Concerns

Conrad Industries' net income surged 77% to $19.9M in 2025, but backlog plummeted 27% to $213.9M, raising growth concerns despite management optimism on Navy contracts and fabrication expansion.
CNRDgovernment contractsshipbuilding