Industries Announces News

Conrad Industries Announces Appointment of Larry J. Callais to its Board of DirectorsMorgan City, La. based shipbuilding group Conrad Industries, Inc. announced on Firday that it has appointed Larry J. Callais to its Board of Directors. Callais will serve as an independent Class I director, and as a member of the company’s Independent Directors Committee, effective immediately.Johnny Conrad, Conrad Chairman and Chief Executive Officer, said, “We are pleased to welcome Larry Callais to our Board.

Conrad Industries has announced its 2018 results and backlog.The company had net income of $198,000 and earnings per diluted share of $0.04 for the twelve months ended December 31, 2018 compared to net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31, 2017. Results for the year ended December 31, 2018 includes $7.5 million from the Deepwater Horizon Court-Supervised settlement. The company’s financial reports are available online.The backlog as of December 31…

Conrad Industries, Inc. (OTC Pink: CNRD) has announced its fourth quarter and twelve months 2017 results and backlog. For the quarter ended December 31, 2017, Conrad had net loss of $3.4 million and loss per diluted share of $0.67 compared to net loss of $836,000 and loss per diluted share of $0.15 during the fourth quarter of 2016. The company had net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31, 2017 compared to net loss of $1.7 million and loss per diluted share of $0.33 for the twelve months ended December 31, 2016.

Huntington Ingalls Industries announced changes to its senior leadership team. Michael Smith, executive vice president, strategy and development, is moving to HII’s Technical Solutions division, where he will serve as president of the SN3 business and report to Michael Lempke, president of the Nuclear & Environmental group, effective immediately. Scott Stabler, executive vice president, internal audit, is moving into a new role as HII’s executive vice president and chief transformation officer, reporting to Mike Petters, HII’s president and CEO.

ABS, a leading provider of classification and technical services to the global marine and offshore industries, announces the realignment of its Americas Division operations to create two new regions – Canada and Mexico, Central America and the Caribbean. This realignment strengthens localized leadership to help ABS members and clients take advantage of expanding opportunities. “ABS recognizes that the expansion of the Panama Canal, increased Arctic operations and growth in LNG markets present pivotal opportunities for our members and clients, and we are proactively realigning operations to strengthen our world-class service delivery to support them,” says ABS Americas President and COO James Watson. “Canada, Mexico, Central America, and the Caribbean are areas of tremendous potential.

Huntington Ingalls Industries (HII) announced that William Ebbs has taken on the new role of vice president, federal policy, and Andrew Hicks has been promoted to vice president, legislative affairs. Both will report to Mitchell B. Waldman, corporate vice president, government and customer relations. "Will and Andrew have been important members of our legislative team and have tremendous experience working with Congress and the executive branch of the government," Waldman said.

ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government, industry, academic institutions and research organizations and is part of ABS' continued commitment to serving the growing marine and offshore industries in China. "Since we opened our first China office in Shanghai in 1993…

US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3.2 million and earnings per diluted share of $0.52 during the first quarter of 2012. The diluted shares for the quarter ended March 31, 2013 are 6.0 million compared to 6.1 million for the quarter ended March 31, 2012. The Company’s financial reports are available at www.otcmarkets.com. Conrad’s backlog was $125.5 million at March 31, 2013 compared to $120.7 million at December 31, 2012 and $70.8 million at March 31, 2012.

Conrad Industries announces its 2012 financial results and also the addition of new business during Q1 2013. For the quarter ended December 31, 2012, Conrad had net income of $8.0 million and earnings per diluted share of $1.33 compared to net income of $6.8 million and earnings per diluted share of $1.09 during the fourth quarter of 2011. The Company had net income of $20.8 million and earnings per diluted share of $3.46 for the twelve months ended December 31, 2012 compared to net income of $19.2 million and earnings per diluted share of $3.01 for the twelve months ended December 31, 2011. The diluted shares for the quarter and twelve months ended December 31, 2012 are 6.0 million, and 6.2 million and 6.4 million for the quarter and twelve months ended December 31, 2011, respectively.

Huntington Ingalls Industries announces new executive appointments for Investor Relations and Internal Audit. HII appoint Dwayne Blake corporate vice president, investor relations, and Scott Stabler corporate vice president, internal audit, effective Jan. 1, 2013. Blake, formerly the corporate vice president, internal audit, is replacing Andy Green, who is leaving the corporate staff for a position at HII's Newport News Shipbuilding division (NNS). Blake's responsibilities will…

Huntington Ingalls Industries announces that its Newport News Shipbuilding (NNS) division turned over keys to the 10th Habitat for Humanity home the shipyard has constructed in partnership with Habitat for Humanity Peninsula and Greater Williamsburg. Since 2002, NNS has partnered with the organization to build homes for families in the community. The keys were presented to the Polynice family during a dedication event held at the home on 29th Street in Newport News. NNS President Matt Mulherin and other shipyard leadership joined Newport News Mayor McKinley Price…

Conrad Industries Inc. announced its fourth-quarter and twelve months 2011 results and the addition of new business during the first quarter totaling $61.8 million. For the quarter ended December 31, 2011, Conrad had net income of $6.8 million and earnings per diluted share of $1.09, compared to net income of $3.3 million and earnings per diluted share of $0.51 during the fourth quarter of 2010. The Company had net income of $19.2 million and earnings per diluted share of $3.01 for the twelve months ended December 31, 2011, compared to net income of $10.3 million and earnings per diluted share of $1.60 for the twelve months ended December 31, 2010.

Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced its fourth quarter and twelve months 2008 results. For the quarter ended December 31, 2008, Conrad had net income of $7.1m and earnings per diluted share of $1.09 compared to net income of $6.3m and earnings per diluted share of $0.86 during the fourth quarter of 2007. The Company had net income of $23m and earnings per diluted share of $3.29 for the twelve months ended December 31, 2008 compared to net income of $19.2m and earnings per diluted share of $2.63 for the twelve months ended December 31, 2007. The diluted shares for the quarters ended December 31, 2008 and 2007 and for the twelve months ended December 31, 2008 and 2007, are 6.5 million, 7.3 million, 7.0 million and 7.3 million, respectively.

Trinity Marine Products has reached a settlement agreement with Florida Marine Transporters, Inc. related to 28 tank barges owned and/or operated by Florida Marine. Trinity Industries, Trinity Marine Products, and Florida Marine will each dismiss their claims filed against one another. The settlement involves a joint monitoring of the barge coatings and void compartment maintenance procedures, and a mutual release of all claims against one another according to the parties’ representatives. A spokesman for Trinity Industries indicated the settlement would not result in a charge to first quarter earnings because amounts involved were well within the range of amounts previously reserved.

Global Industries, Ltd. has appointed J. Michael Pearson to the position of senior vice president – strategic planning. In this position, he will have corporate oversight responsibility for project performance on a worldwide basis. Pearson has 30 years of engineering and construction management experience, including 25 years with McDermott International, Inc. where he progressed from field engineer to vice president/general manager of major domestic and international construction projects. Most recently, Pearson acted as president of the CAByL joint venture project constructing offshore platforms for Pemex’s Cantarell Field at Enron Engineering and Construction Company. Pearson holds a BS degree in Civil Engineering from Louisiana Tech University.

Conrad Industries, Inc. announced the award of a $5.6 million contract to build a 95' x 30' x 12'9" Fish Stocking and Assessment Vessel for the U.S. Fish and Wildlife Service of the Department of the Interior. This self- propelled vessel is intended to serve in the Great Lakes. Johnny Conrad, Conrad's President and CEO commented, "The addition of the Fish Stocking and Assessment vessel to our backlog is another example of the diversification of Conrad's product and customer mix. Although this is the first fish stocking and assessment vessel that we have contracted for, the design and construction of this vessel is similar to other projects we have completed in the past. With this addition, our current backlog is approximately $43.0 million."

Morgan City, La.-based Conrad Industries Inc., announced it has been awarded a contract to build a ferry for the State of Texas and numerous other contracts totaling $36.6 million. The Texas Department of Transportation awarded Conrad the contract for a 264-foot-long passenger/vehicle ferry for the Galveston, Texas, terminal. The $22.5 million vessel is scheduled for delivery in 2009. Conrad also announced it will build 11 120-foot deck barges, three spud barges and two crane barges for four different customers. In addition, Conrad will conduct drydock inspection and general repairs to the M/V Culebra II, a 500-passenger aluminum-hull vessel operated by the Puerto Rico and Municipal Islands Maritime Transportation Authority.

Conrad Industries, Inc. million at December 31, 2006. Bay-Houston Towing Co. vessels for the others under construction. additional 214’x42’x12’ 8,500 bbl. our Morgan City facilities. by two other customers.

Conrad Industries, Inc. announced the signing of contracts during the first quarter of 2007 for the construction of six vessels and the recent delivery of various vessels. Blessey Marine Services, Inc. contracts for two 8,400 bbl. double skin stainless steel tank barges. D, grade A and lower flammable or combustible cargos. market. deck barge. In addition, Gulfstream Rental Tools, Inc. contracts for three 120'x30'x7' shale barges. bunkering barges for their west coast operations. skin tank barge has a capacity of 26,000 bbls. of fuel. Classed and equipped with a complete cargo loading and off-loading system. liquid overfill protection system. boats for the Corps of Engineers. boat is for Corps' St Paul District. accommodations for 10 persons. Upper Mississippi River.

Trinity Marine Products has reached a long-term agreement to provide barges to Ingram Barge Company, the leading carrier on America's inland waterways. The contract calls for the construction of dry cargo units for a number of years. The terms were not disclosed except that the agreement protects Trinity with cost escalation coverage.

First Wave/Newpark Shipbuilding, in Galveston, Texas, has had a busy spring. First, the company was awarded a contract by Diamond Offshore Drilling to install a crane and perform annual survey work on Ocean Lexington. That contract was completed in March. Next, the company won a contract from Smit Americas, Inc. for drydocking of Ocean Hercules. The vessel was drydocked on the shipyard's 7,500-ton drydock for general maintenance and conversion from a seismic vessel to a telecommunication cable laying vessel. Finally, First Wave drydocked Pride Louisiana for Pride Offshore. The rig was docked in the Galveston Ship Channel, utilizing a heavy lift barge for an annual survey. The rig will depart upon completion of the survey.