Conrad Industries Announces Third Quarter 2024 Results and Backlog
CONRAD INDUS INC (CNRD)
NASDAQ:AMEX Investor Relations:
conradindustries.com/about/investor-information
Company Research
Source: PR Newswire
MORGAN CITY, La., Nov. 14, 2024 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) announced today its third quarter and nine months ended September 30, 2024 financial results and backlog at September 30, 2024.For the quarter ended September 30, 2024, Conrad had net income of $7.5 million and earnings per diluted share of $1.49 compared to net loss of $3.2 million and loss per diluted share of $0.63 during the third quarter of 2023. The Company had net income of $11.2 million and earnings per diluted share of $2.24 for the nine months ended September 30, 2024 compared to net loss of $14.1 million and loss per diluted share of $2.82 for the nine months ended September 30, 2023.The increase in net income in the third quarter and first nine months of 2024 is primarily due to improved gross profits in our new construction segment and collection of a judgment in a lawsuit. The receipt of the judgment amount is reflected in our financial results for the third quarter of 2024, and incr
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