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News  ›  Benzinga

Conrad Industries Announces Third Quarter 2025 Results and Backlog

Benzinga Logo Benzinga By Prnewswire
Conrad Industries Announces Third Quarter 2025 Results and Backlog

Conrad Industries reported Q3 2025 net income of $5.5 million, down from $7.5 million in Q3 2024. Nine-month net income increased to $15.2 million from $11.2 million in 2024. Company backlog was $196.0 million at September 30, 2025, and has since signed an additional $46.8 million in contracts.

Insights
WMT   neutral

Mentioned as a Dividend King but currently appears overvalued based on price-to-sales and price-to-book ratios


CNRD   neutral

While net income for the quarter decreased, nine-month net income increased. Backlog has declined from previous periods, but the company continues to sign new contracts, indicating stable but not exceptional performance.