Shipbuilding
Conrad Industries Announces First Quarter 2026 Results and Backlog
Conrad Industries reported first quarter 2026 net income of $3.2 million and earnings per diluted share of $0.64. The company signed $46.8 million in new construction contracts during the first three months of 2026, with a backlog of $199.6 million at March 31, 2026. Since quarter-end, Conrad secured an additional $134.2 million in contracts, including a U.S. Navy contract modification for four YRBM vessels.
