Conrad Industries reports on first quarter and backlog

MAY 16, 2012: Morgan City, La., headquartered  Conrad Industries, Inc.(OTC Pink: CNRD.PK) reported first quarter 2012 results that saw it achieve  net income of $3.2 million and earnings per diluted share of $0.52 compared to net income of $3.7 million and earnings per diluted share of$0.58 during the first quarter of 2011.

Conrad’s backlog was $70.8 million at March 31, 2012 compared to $47.1 million at December 31, 2011 and $112.3  million at March 31, 2011.

Conrad Industries, Inc.,  both repair and new construction services at its four shipyards located in southern Louisiana and Texas.