U.S. Navy contract

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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