MAY 15, 2014 — Morgan City, LA, headquartered shipbuilder Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today reported its first quarter 2014 results.
For the quarter ended March 31, 2014 , Conrad achieved net income of $6.4 million and earnings per diluted share of $1.08 compared to net income of $5.9 million and earnings per diluted share of $0.99 during the first quarter of 2013.
Conrad's backlog was $155.8 million at March 31, 2014 compared to $152.9 million at December 31, 2013 and $125.5 million at March 31, 2013.
Conrad Industries, Inc. designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for both the commercial and government markets. The company provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas.