Overview

* Conrad Industries ( CNRD ) Q3 net income falls to $5.5 mln from $7.5 mln in 2024

* Q3 EPS declines to $1.09 from $1.49 in the prior year

* Company's backlog decreases to $196 mln from $282.2 mln a year ago

Outlook

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

Result Drivers

* LAWSUIT IMPACT - Q3 2024 net income was higher due to an $8.04 mln judgment, which increased net income by $5.8 mln

* BACKLOG DECLINE - Backlog decreased to $196 mln at end of Q3 2025 from $282.2 mln a year ago, reflecting fewer new contracts

* NEW CONTRACTS - Signed $46.8 mln in new contracts post-Q3 2025, indicating continued business activity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.09

Q3 Net $5.50

Income mln

Press Release:

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(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.)