MORGAN CITY, La., Aug. 20, 2012 /PRNewswire/ -- Conrad
Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced today its
second quarter and six months 2012 financial results and backlog at
June 30, 2012.
For the quarter ended June 30,
2012, Conrad achieved net income of $5.3 million and earnings per diluted share of
$0.87 compared to net income of
$5.2 million and earnings per diluted
share of $0.81 during the second
quarter of 2011. The Company had net income of $8.5 million and earnings per diluted share of
$1.39 for the six months ended
June 30, 2012 compared to net income
of $8.9 million and earnings per
diluted share of $1.39 for the six
months ended June 30, 2011. The
diluted shares for the quarters and six months ended June 30, 2012 and June 30,
2011 are 6.1 million and 6.4 million, respectively. The
Company's financial reports are available at
www.otcmarkets.com.
During the first six months of 2012, Conrad added $89.9 million of backlog to its new construction
segment which was comparable to backlog added during the first six
months of 2011. The Company's backlog was $57.2 million at June 30,
2012, $47.1 million at
December 31, 2011 and $88.7 million at June
30, 2011. A total of $33.7
million has been added to backlog since June 30, 2012.
Conrad Industries, Inc., established in 1948 and headquartered
in Morgan City, Louisiana,
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 four shipyards
located in southern Louisiana and
Texas.
For Information Contact:
Cecil Hernandez (985) 702-0195
CAHernandez@ConradIndustries.com
SOURCE Conrad Industries, Inc.