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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.