Conrad Industries Unveils Q1 2025 Financial Performance and Project Pipeline Insights

[By: Conrad Industries, Inc.]

Conrad Industries, Inc. (OTC Pink: CNRD) has just released its financial results for the frist quarter of 2025.As of March 31, the company reported a net income of $3.9 million, translating to earnings per diluted share of $0.77. This is a significant jump from last year’s figures,which showed a net income of $1.5 million and earnings per diluted share at $0.30 for the same period in 2024.

In terms of new business, Conrad secured contracts worth $67.3 million in its construction division during Q1 2025—an increase from the previous year’s backlog addition of $51.8 million in Q1 2024. The total backlog stood at an impressive $292 million as of march 31,slightly down from December’s figure but up considerably compared to last year’s $247 million.

The board has also given the green light for a stock buyback program worth up to $2 million using available cash or funds generated through operations. These purchases can happen on the open market or through private deals as allowed by legal regulations and will depend on various factors like market conditions and stock prices at that time.

This initiative doesn’t commit Conrad to buy any specific amount; it can start or stop whenever management sees fit without prior notice.