Conrad announces $414K in 1Q income

Conrad Industries Inc. (OTC Pink: CNRD) announced its first quarter 2020 results.
For the quarter ended March 31, 2020, Conrad had net income of $414,000 and income per diluted share of $0.08 compared to a net loss of $307,000 and loss per diluted share of $0.06 during the first quarter of 2019. The company’s financial reports are available at www.otcmarkets.com.
Conrad’s backlog was $36.6 million at March 31, 2020, compared to $79.2 million at Dec. 31, 2019, and $122.7 million at March 31, 2019.
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 five shipyards located in southern Louisiana and Texas.

ST. MARY NOW

Franklin Banner-Tribune
P.O. Box 566, Franklin, LA 70538
Phone: 337-828-3706
Fax: 337-828-2874

Morgan City Review
1014 Front Street, Morgan City, LA 70380
Phone: 985-384-8370
Fax: 985-384-4255