Conrad reports third quarter results
Written by
Nick Blenkey
NOVEMBER 16, 2017 — Morgan City, LA, headquartered Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today reported its third quarter and nine months 2017 financial results and backlog at September 30, 2017.
For the quarter ended September 30, 2017, Conrad had a net loss of $193,000 and a loss per diluted share of $0.04 compared to a net loss of $4.7 million and a loss per diluted share of $0.92 during the third quarter of 2016.
The company had net income of $1.3 million and earnings per diluted share of $0.25 for the nine months ended September 30, 2017 compared to a net loss of $858,000 and a loss per diluted share of $0.17 for the nine months ended September 30, 2016.
Conrad’s backlog was $140.9 million at September 30, 2017, $216.5 million at December 31, 2016 and $251.1 million at September 30, 2016.
Conrad provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas.
Conrad reports third quarter results
Written by
Nick Blenkey
Conrad's Morgan City shipyard
NOVEMBER 14, 2014 — Morgan City, LA, based shipbuilder Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) yesterday reported its third quarter and nine months 2014 results and backlog.
For the quarter ended September 30, 2014, Conrad had net income of $4.5 million and earnings per diluted share of $0.74 compared to net income of $6.5 million and earnings per diluted share of $1.09 during the third quarter of 2013. The company had net income of $17.7 million and earnings per diluted share of $2.96 for the nine months ended September 30, 2014 compared to net income of $18.5 million and earnings per diluted share of $3.10 for the nine months ended September 30, 2013.
During the first nine months of 2014, Conrad added $175.5 million of backlog to its new construction segment compared to $185.6 million added to backlog during the first nine months of 2013. Backlog at September 30, 2014 was $135.0 million compared to $152.3 million at September 30, 2013, $152.9 million at December 31, 2013, and $173.0 million at June 30, 2014.
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