Conrad Industries Announces 2025 Results and Backlog – Conrad Industries (OTC:CNRD)

For the quarter ended December 31, 2025, Conrad had earnings of $4.7 million and incomes per diluted share of $0.94 compared to bottom line of $14,000 and incomes per diluted share of $0.00 throughout the 4th quarter of 2024. The Business reported earnings of $19.9 million and earnings per diluted share of $3.96 for the twelve months ended December 31, 2025 compared to earnings of $11.2 million and earnings per diluted share of $2.24 for the twelve months ended December 31, 2024. Earnings acknowledged for the twelve months ending December 31, 2024 consisted of collection of an $8.04 million judgment in a suit, which increased Other Earnings by $8.04 million and earnings by roughly $5.8 million. The Business’s monetary reports are offered at www.otcmarkets.com.

Cecil A. Hernandez, President and President, mentioned, “Our operating results enhanced in 2025 regardless of an ongoing difficult environment marked by steel tariffs, raised product expenses, labor restrictions, and more comprehensive financial and geopolitical unpredictability. While these aspects added to hold-ups in particular agreement awards, we stay very carefully positive about 2026. That optimism is grounded in the variety of our company, strong execution throughout several markets, and the ongoing growth of our federal government and facilities work, consisting of extra YRBM agreement awards with the U.S. Navy.”

Mr. Hernandez continued, “At the exact same time, we are selectively diversifying into complementary locations such as commercial fabrication, which our company believe can offer incremental chances while leveraging our existing abilities. Together with our core shipbuilding and repair work operations, our company believe these efforts will assist place us to browse unpredictability while continuing to enhance our company. Our focus stays on disciplined execution, keeping labor force stability, and selectively pursuing work that lines up with our abilities and run the risk of profile. None of this would be possible without the commitment of our workers, whose dedication to security, quality, and execution continues to be a distinguishing strength for our business.”

Mr. Hernandez concluded, “For the long term, we are aligning our 5 Gulf Coast centers into a collaborated production system that will support federal government and industrial programs, lifecycle repair work services, and commercial fabrication. Our company believe this operating design will enhance throughput, versatility, and capital performance, while placing us to take part in emerging chances throughout defense, facilities, and commercial markets. Our varied abilities, experienced labor force, and disciplined execution offer a strong structure as we pursue continued development in 2026 and beyond.”

Conrad Industries, Inc., developed in 1948 and headquartered in Morgan City, Louisiana, styles, develops and revamps a wide range of steel marine vessels, consisting of barges, digs up and dig up assistance devices, tugboats, ferryboats, tow boats, drydocks, liftboats, and other overseas assistance vessels, along with other steel items for both the industrial and federal government consumers. The business supplies conversion, repair work and brand-new building and construction services at its 5 shipyards situated in southern Louisiana and Texas.

Cautionary declaration: This news release includes positive declarations, which are all declarations besides those of historic truths, and show our expectations since the date of this news release about future occasions. When utilized in this news release, the words “prepare for,” “think,” “quote,” “anticipate,” “job,” and comparable expressions are meant to recognize positive declarations. Such declarations show our present views with regard to future occasions and go through particular threats, unpredictabilities and presumptions, consisting of threats and unpredictabilities associated with modifications in steel costs, modifications in other product and labor expenses, modifications in U.S. tariff and trade policies and the possible effect of such modifications on our company, modifications in inflation, labor and supply restrictions, modifications in rates of interest, our dependence on cyclical markets, our dependence on primary consumers and federal government agreements, consisting of any financing restrictions or other interruptions arising from a federal government shutdown or policy modifications, our capability to carry out agreements at expenses constant with approximated expenses used in bidding for our tasks, our capability to prompt total tasks, variations in quarterly earnings and incomes arising from the portion of conclusion accounting approach, our consumers’ monetary condition and danger of default, the possible termination of particular agreements consisted of in our stockpile at the choice of consumers, running threats, consisting of operability and adequacy of our devices, competitors for marine vessel agreements, our capability to maintain and execute efficient succession prepare for essential management workers and to continue to draw in and maintain knowledgeable employees, modifications in regional, state and federal government guidelines, the accessibility and expense of capital, geopolitical disputes and stress, danger of failure of any bank in which we transfer our funds, possible event of a health crisis comparable to or even worse than the COVID-19 pandemic, and basic market and financial conditions, consisting of the cost of oil and gas. Particular of these threats and presumptions, and other threats and presumptions, are talked about in more information in our Yearly Report, consisted of under the heading “ Service Summary – Danger Aspects.” Need to several of these threats or unpredictabilities emerge, or need to underlying presumptions show inaccurate, real outcomes might differ materially from those prepared for, thought, approximated or anticipated. We do not mean to upgrade these positive declarations. Although our company believe that the expectations shown in such positive declarations are affordable, no guarantee can be considered that such expectations will show right.