Conrad Industries reports Q1 decline in net income, backlog on lower contract volume

Conrad Industries

15/05/2026 22:58

Overview

U.S. shipbuilder's Q1 net income fell yr/yr

Company backlog declined to $199.6 mln from $292 mln a year earlier

Since quarter-end, company signed $134.2 mln in new contracts, including U.S. Navy award

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

LOWER CONTRACT SIGNINGS - Company said Q1 new construction contract signings fell to $46.8 mln from $67.3 mln a year earlier, contributing to lower backlog

Company press release: ID:nPn4BMxLha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$3.2 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)