Conrad Industries Q2 Profit Falls 43% to $3.3M, Backlog Jumps to $292.8M
CNRD sits 70% above its 52-week low of $18.2.
Summary
Conrad Industries reported Q2 2026 net income of $3.3 million, down 43% from $5.8 million a year earlier, with EPS of $0.65 versus $1.16. The decline reflects lower production volume, but backlog surged to $292.8 million at June 30, 2026, up from $213.9 million at year-end 2025 and $249.7 million a year ago. The company added $196.4 million in backlog during the first half, nearly double the prior year's pace, and has signed another $37.4 million in contracts since quarter end, including a U.S. Army Corps of Engineers deck barge award. Management cited steel cost volatility and labor constraints but emphasized improved project execution and a strong balance sheet. The growing government and infrastructure backlog suggests revenue recovery ahead, though near-term margins remain pressured by lower production volume.
At the time of this announcement, CNRD was trading at $30.90 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $158M. The 52-week trading range was $18.20 to $33.33. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.