Conrad Industries Announces Third Quarter 2024 Results and Backlog
Conrad Industries (OTC Pink: CNRD) reported strong Q3 2024 results with net income of $7.5 million ($1.49 per share), compared to a loss of $3.2 million in Q3 2023. Nine-month earnings reached $11.2 million ($2.24 per share), versus a $14.1 million loss in the same period of 2023. The improved performance was driven by better gross profits in new construction and an $8.04 million lawsuit settlement. The company's backlog stood at $282.2 million as of September 30, 2024, with $218.4 million in new construction contracts signed during the first nine months, and an additional $27.7 million in contracts secured after Q3.
Conrad Industries (OTC Pink: CNRD) ha riportato risultati solidi per il terzo trimestre del 2024, con un utile netto di 7,5 milioni di dollari (1,49 dollari per azione), rispetto a una perdita di 3,2 milioni di dollari nel terzo trimestre del 2023. Gli utili nei nove mesi hanno raggiunto 11,2 milioni di dollari (2,24 dollari per azione), rispetto a una perdita di 14,1 milioni di dollari nello stesso periodo del 2023. Le performance migliorate sono state sostenute da profitti lordi superiori nella nuova costruzione e da un risarcimento legale di 8,04 milioni di dollari. L'ordine di lavoro dell'azienda si attestava a 282,2 milioni di dollari al 30 settembre 2024, con 218,4 milioni di dollari in nuovi contratti di costruzione firmati durante i primi nove mesi e ulteriori 27,7 milioni di dollari in contratti ottenuti dopo il terzo trimestre.
Conrad Industries (OTC Pink: CNRD) reportó resultados sólidos para el tercer trimestre de 2024, con un ingreso neto de 7.5 millones de dólares (1.49 dólares por acción), en comparación con una pérdida de 3.2 millones de dólares en el tercer trimestre de 2023. Las ganancias de los primeros nueve meses alcanzaron 11.2 millones de dólares (2.24 dólares por acción), frente a una pérdida de 14.1 millones de dólares en el mismo periodo de 2023. La mejora en el rendimiento fue impulsada por mejores ganancias brutas en nuevas construcciones y un acuerdo de demanda de 8.04 millones de dólares. La cartera de pedidos de la empresa se situó en 282.2 millones de dólares al 30 de septiembre de 2024, con 218.4 millones de dólares en nuevos contratos de construcción firmados durante los primeros nueve meses y un adicional de 27.7 millones de dólares en contratos asegurados tras el tercer trimestre.
콘래드 산업(OTC 핑크: CNRD)은 2024년 3분기 강력한 실적을 보고했으며, 순이익은 750만 달러 (주당 1.49 달러)로, 2023년 3분기 320만 달러의 손실과 비교됩니다. 9개월 동안의 수익은 1120만 달러 (주당 2.24 달러)에 도달했으며, 2023년 같은 기간의 1410만 달러 손실과 대비됩니다. 향상된 성능은 신규 건설에서의 더 나은 총 이익과 804만 달러의 소송 합의로 인해 이뤄졌습니다. 회사의 미결 주문 잔고는 2024년 9월 30일 기준 2억 8220만 달러로, 새로운 건축 계약 2억 1840만 달러가 첫 9개월 동안 체결되었고, 추가로 2770만 달러의 계약이 3분기 이후 확보되었습니다.
Conrad Industries (OTC Pink: CNRD) a annoncé de solides résultats pour le troisième trimestre de 2024, avec un bénéfice net de 7,5 millions de dollars (1,49 dollars par action), comparé à une perte de 3,2 millions de dollars au troisième trimestre de 2023. Les bénéfices pour les neuf premiers mois ont atteint 11,2 millions de dollars (2,24 dollars par action), contre une perte de 14,1 millions de dollars au cours de la même période de 2023. La meilleure performance a été soutenue par de meilleurs bénéfices bruts dans la nouvelle construction et un règlement de litige de 8,04 millions de dollars. Le carnet de commandes de l'entreprise s'élevait à 282,2 millions de dollars au 30 septembre 2024, avec 218,4 millions de dollars de nouveaux contrats de construction signés au cours des neuf premiers mois, et 27,7 millions de dollars de contrats supplémentaires sécurisés après le troisième trimestre.
Conrad Industries (OTC Pink: CNRD) berichtete über starke Ergebnisse im 3. Quartal 2024 mit einem Nettogewinn von 7,5 Millionen US-Dollar (1,49 US-Dollar pro Aktie), verglichen mit einem Verlust von 3,2 Millionen US-Dollar im 3. Quartal 2023. Der Gewinn der ersten neun Monate erreichte 11,2 Millionen US-Dollar (2,24 US-Dollar pro Aktie), im Vergleich zu einem Verlust von 14,1 Millionen US-Dollar im gleichen Zeitraum 2023. Die verbesserte Leistung wurde durch höhere Bruttogewinne im Neubau und einen Vergleich aus einer Klage über 8,04 Millionen US-Dollar gefördert. Der Auftragsbestand des Unternehmens betrug zum 30. September 2024 282,2 Millionen US-Dollar, mit 218,4 Millionen US-Dollar in neuen Bauverträgen, die in den ersten neun Monaten unterzeichnet wurden, und zusätzlich 27,7 Millionen US-Dollar an Verträgen, die nach dem 3. Quartal gesichert wurden.
- Net income improved to $7.5M in Q3 2024 from -$3.2M loss in Q3 2023
- Nine-month earnings reached $11.2M vs -$14.1M loss in prior year
- Received $8.04M lawsuit settlement boosting Other Income
- New construction contracts increased to $218.4M from $203.7M YoY
- Strong backlog of $282.2M with additional $27.7M in new contracts post-Q3
- Backlog decreased to $282.2M from $289.7M year-over-year
For the quarter ended September 30, 2024, Conrad had net income of
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 increased Other Income by
During the first nine months of 2024, Conrad signed
Conrad Industries, Inc., established in 1948 and headquartered in
For Information Contact:
Scott Thomas (985) 702-0195
SAThomas@ConradIndustries.com
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SOURCE Conrad Industries, Inc.
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