Conrad Industries reports increased income and earnings

Morgan City, La., headquartered Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) yesterday announced its second quarter and six months 2011 financial results. For the quarter ended June 30, 2011, Conrad achieved net income of $5.2 million and earnings per diluted share of $0.81 compared to net income of $3.6 million and earnings per diluted share of $0.56 during the second quarter of 2010. The company had net income of $8.9 million and earnings per diluted share of $1.39 for the six months ended June 30, 2011 compared to net income of $5.4 million and earnings per diluted share of $.83 for the six months ended June 30, 2010. The diluted shares for the quarters and six months ended June 30, 2011 and June 30, 2010 are 6.4 million and 6.5 million, respectively.

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 ship repair and new construction services at its four shipyards located in southern Louisiana and Texas.

August 16, 2011