Conrad Industries Announces 2024 Results and Backlog
Conrad Industries (OTC Pink: CNRD) reported significant financial improvement in 2024, posting a net income of $11.2 million ($2.24 per diluted share), compared to a net loss of $27.0 million in 2023. The company's backlog increased to $293.8 million as of December 31, 2024, up from $253.8 million in 2023.
The company benefited from stabilizing steel prices, lower inflation, and interest rates in 2024, despite these factors remaining relatively high and continued tight labor markets. The new construction segment saw market improvements, particularly in infrastructure and government markets.
However, 2025 brings new challenges including steel tariffs, rising steel prices, uncertain inflation outlook, and shifting U.S. trade policies. Despite these headwinds, Conrad Industries maintains optimism due to its shipyard capacity, continued investments, and recent U.S. Navy contract for a ninth YRBM barge.
Conrad Industries (OTC Pink: CNRD) ha riportato un significativo miglioramento finanziario nel 2024, registrando un utile netto di 11,2 milioni di dollari (2,24 dollari per azione diluita), rispetto a una perdita netta di 27,0 milioni di dollari nel 2023. Il portafoglio ordini dell'azienda è aumentato a 293,8 milioni di dollari al 31 dicembre 2024, rispetto ai 253,8 milioni di dollari del 2023.
L'azienda ha beneficiato della stabilizzazione dei prezzi dell'acciaio, di un'inflazione più bassa e di tassi d'interesse in calo nel 2024, nonostante questi fattori rimanessero relativamente elevati e ci fosse una continua stretta nel mercato del lavoro. Il segmento delle nuove costruzioni ha visto miglioramenti di mercato, in particolare nei settori delle infrastrutture e del governo.
Tuttavia, il 2025 porta nuove sfide, tra cui dazi sull'acciaio, aumento dei prezzi dell'acciaio, incertezze sull'inflazione e cambiamenti nelle politiche commerciali degli Stati Uniti. Nonostante queste difficoltà, Conrad Industries mantiene un atteggiamento ottimista grazie alla sua capacità cantieristica, ai continui investimenti e al recente contratto con la Marina degli Stati Uniti per una nona chiatta YRBM.
Conrad Industries (OTC Pink: CNRD) reportó una mejora financiera significativa en 2024, registrando un ingreso neto de 11,2 millones de dólares (2,24 dólares por acción diluida), en comparación con una pérdida neta de 27,0 millones de dólares en 2023. El cartera de pedidos de la empresa aumentó a 293,8 millones de dólares al 31 de diciembre de 2024, frente a los 253,8 millones de dólares de 2023.
La empresa se benefició de la estabilización de los precios del acero, una inflación más baja y tasas de interés en descenso en 2024, a pesar de que estos factores se mantuvieron relativamente altos y continuaron las tensiones en el mercado laboral. El segmento de nuevas construcciones vio mejoras en el mercado, particularmente en infraestructura y mercados gubernamentales.
Sin embargo, 2025 trae nuevos desafíos, incluidos aranceles sobre el acero, aumento de precios del acero, perspectivas de inflación inciertas y cambios en las políticas comerciales de EE. UU. A pesar de estos vientos en contra, Conrad Industries mantiene el optimismo gracias a su capacidad de astillero, inversiones continuas y un reciente contrato con la Marina de EE. UU. para una novena barcaza YRBM.
콘래드 인더스트리 (OTC Pink: CNRD)는 2024년에 상당한 재정 개선을 보고하며 순이익 1,120만 달러 (희석주당 2.24달러)를 기록했으며, 이는 2023년의 2,700만 달러 순손실에 비해 개선된 수치입니다. 회사의 수주 잔고는 2024년 12월 31일 기준으로 2억 9,380만 달러로 증가했으며, 이는 2023년의 2억 5,380만 달러에서 상승한 것입니다.
회사는 2024년 강철 가격의 안정화, 낮은 인플레이션 및 금리 하락의 혜택을 보았으나, 이러한 요소들은 여전히 상대적으로 높은 수준을 유지하고 있으며, 노동 시장의 긴축도 계속되고 있습니다. 신규 건설 부문에서는 특히 인프라 및 정부 시장에서 시장 개선이 있었습니다.
그러나 2025년은 새로운 도전 과제를 가져옵니다, 강철 관세, 상승하는 강철 가격, 불확실한 인플레이션 전망 및 변화하는 미국의 무역 정책 등이 포함됩니다. 이러한 어려움에도 불구하고 콘래드 인더스트리는 조선소의 용량, 지속적인 투자 및 최근 미국 해군과의 아홉 번째 YRBM 바지선 계약으로 인해 낙관적인 태도를 유지하고 있습니다.
Conrad Industries (OTC Pink: CNRD) a signalé une amélioration financière significative en 2024, affichant un revenu net de 11,2 millions de dollars (2,24 dollars par action diluée), par rapport à une perte nette de 27,0 millions de dollars en 2023. Le carnet de commandes de l'entreprise a augmenté à 293,8 millions de dollars au 31 décembre 2024, contre 253,8 millions de dollars en 2023.
L'entreprise a bénéficié de la stabilisation des prix de l'acier, d'une inflation plus faible et de taux d'intérêt en baisse en 2024, bien que ces facteurs restent relativement élevés et que le marché du travail soit toujours tendu. Le segment de la nouvelle construction a connu des améliorations sur le marché, en particulier dans les infrastructures et les marchés gouvernementaux.
Cependant, 2025 apporte de nouveaux défis, notamment des droits de douane sur l'acier, la hausse des prix de l'acier, des perspectives d'inflation incertaines et des changements dans les politiques commerciales américaines. Malgré ces vents contraires, Conrad Industries reste optimiste grâce à sa capacité de chantier naval, à ses investissements continus et à un récent contrat avec la Marine américaine pour une neuvième barge YRBM.
Conrad Industries (OTC Pink: CNRD) berichtete 2024 von einer signifikanten finanziellen Verbesserung und erzielte einen Nettoertrag von 11,2 Millionen Dollar (2,24 Dollar pro verwässerter Aktie), im Vergleich zu einem Nettoverlust von 27,0 Millionen Dollar im Jahr 2023. Der Auftragsbestand des Unternehmens erhöhte sich zum 31. Dezember 2024 auf 293,8 Millionen Dollar, gegenüber 253,8 Millionen Dollar im Jahr 2023.
Das Unternehmen profitierte 2024 von stabilisierenden Stahlpreisen, niedrigerer Inflation und sinkenden Zinssätzen, obwohl diese Faktoren weiterhin relativ hoch blieben und der Arbeitsmarkt angespannt blieb. Der Bereich Neubau verzeichnete Marktverbesserungen, insbesondere im Bereich Infrastruktur und öffentliche Aufträge.
Allerdings bringt 2025 neue Herausforderungen, darunter Stahlzölle, steigende Stahlpreise, ungewisse Inflationsprognosen und sich ändernde Handelsrichtlinien der USA. Trotz dieser Herausforderungen bleibt Conrad Industries optimistisch, dank seiner Werftkapazitäten, fortlaufenden Investitionen und eines kürzlich abgeschlossenen Vertrags mit der US Navy über eine neunte YRBM-Barge.
- Returned to profitability with $11.2M net income in 2024 vs $27.0M loss in 2023
- Backlog increased 15.8% to $293.8M from $253.8M year-over-year
- Secured new U.S. Navy contract for YRBM barge
- Improved market conditions in infrastructure and government sectors
- Benefited from stabilizing steel prices and lower inflation
- New steel tariffs implemented in Q1 2025
- Rising steel prices in 2025
- Continued tight labor market conditions
- Uncertain inflation outlook for 2025
- High material and labor costs persist
The Company reported net income of
Our backlog as of December 31, 2024 was
Johnny Conrad, Chairman and CEO stated, "Our operating results for 2024 improved despite a continued challenging environment. While we benefited from generally stabilizing steel prices, lower inflation and lower interest rates in 2024 compared to 2023, these factors have remained relatively high and our labor markets continue to be tight. In our new construction segment, we experienced an improving market throughout 2024, particularly in the infrastructure and government markets. As a result, we were successful in adding substantial new backlog during the year."
Mr. Conrad continued, "In the first quarter of 2025, we have encountered new steel tariffs, rising steel prices, an unclear inflation outlook and shifting
Mr. Conrad concluded, "We are optimistic about the long-term prospects for our business. The recent award by the
Conrad Industries, Inc., established in 1948 and headquartered in
Cautionary statement: This press release contains forward-looking statements, which are all statements other than those of historical facts, and reflect our expectations as of the date of this press release about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "project," and similar expressions are intended to identify forward looking statements. Such statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including risks and uncertainties related to changes in steel prices (including due to the
For Information Contact:
Scott Thomas (985) 702-0195
SAThomas@ConradIndustries.com
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SOURCE Conrad Industries, Inc.