Conrad Industries Announces Second Quarter Results

Conrad Industries Inc. announced on August 12 its financial results for the second quarter and six months that ended June 30 financial results and backlog at June 30.

For the quarter ending June 30, Conrad had a net income of $5.8 million and earnings per diluted share of $1.16, compared to net income of $2.2 million and earnings per diluted share of $0.44 during the second quarter of 2024.

For the six months ending June 30, the company had net income of $9.7 million and earnings per diluted share of $1.93, compared to a net income of $3.7 million and earnings per diluted share of $0.75 for the six months ending June 30, 2024.

During the first six months of 2025, Conrad signed $104 million in contracts in its new construction segment compared to $116.5 million added to backlog during the first six months of 2024. Conrad’s backlog was $249.7 million as of June 30, $293.8 million on December 31, 2024, and $244.9 million on June 30, 2024.

Since the end of the second quarter, the company has signed an additional $3.8 million in contracts.

Established in 1948 and headquartered in Morgan City, La., Conrad Industries designs, builds and overhauls barges, dredges and dredge support equipment, tugboats, ferries, drydocks, liftboats, offshore supply vessels and other steel products for both the commercial and government markets. The company provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas.