Conrad announces first quarter 2018 results and backlog

Conrad Industries Inc. announced this week 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 as of March 31, 2018 compared to $111.3 million as of Dec. 31, 2017 and $183.0 million as of March 31, 2017.

Conrad Industries Inc., established in 1948 and headquartered in Morgan City, La., 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.