Conrad Industries Q2 FY26 net income drops 43.1% to $3.3 million; EPS falls 43.97% to $0.65
CNRD•Backlog rises and new contracts are signed
Backlog climbed $196.4 million in the first six months to $292.8 million at June 30.
The company signed an additional $37.4 million in contracts after quarter-end, including a U.S. Army Corps of Engineers deck barge award.
Second-quarter results decline year over year
Conrad Industries reported Q2 net income of $3.3 million, down 43.1% from a year earlier; diluted EPS fell to $0.65.
First-half net income slid 33% to $6.5 million; diluted EPS declined to $1.29.
CEO comments on production volume and execution
CEO Cecil A. Hernandez cited lower production volume year over year, citing improving execution, backlog growth, and balance-sheet strength.
