MORGAN CITY, La., Aug. 14, 2013 /PRNewswire/ -- Conrad
Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced today its
second quarter and six months 2013 financial results and backlog at
June 30, 2013.
For the quarter ended June 30,
2013, Conrad had net income of $6.1
million and earnings per diluted share of $1.02 compared to net income of $5.3 million and earnings per diluted share of
$0.87 during the second quarter of
2012. The Company had net income of $12.0
million and earnings per diluted share of $2.01 for the six months ended June 30, 2013 compared to net income of
$8.5 million and earnings per diluted
share of $1.39 for the six months
ended June 30, 2012. The diluted
weighted average shares outstanding for the six months ended
June 30, 2013 and June 30, 2012 are 6.0 million and 6.1 million,
respectively. The Company's financial reports are available at
www.otcmarkets.com.
During the first six months of 2013, Conrad added $152.0 million of backlog to its new construction
segment compared to $89.9 million
added to backlog during the first six months of 2012. Backlog was
$181.8 million at June 30, 2013, $120.7
million at December 31, 2012
and $57.2 million at 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.