Conrad reports first quarter results

MAY 16, 2018 — Conrad Industries, Inc. (OTC Pink: CNRD) yesterday reported its first quarter 2018 results.

For the quarter ended March 31, 2018, Conrad's net income was $586,000 and earnings per diluted share was $0.12 compared to net income of $119,000 and earnings per diluted share of $0.02 during the first quarter of 2017.

Conrad's backlog was $106.2 million at March 31, 2018 compared to $111.3 million at December 31, 2017 and $183.0 million at March 31, 2017.

Conrad provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas.

Subscribe to Marine Daily for breaking marine news