Conrad Industries, Inc. announced its first quarter 2014 results.
For the quarter ended March 31, 2014, Conrad achieved net income of $6.4 million and earnings per diluted share of $1.08 compared to net income of $5.9 million and earnings per diluted share of $0.99 during the first quarter of 2013.
Conrad’s backlog was $155.8 million at March 31, 2014 compared to $152.9 million at December 31, 2013 and $125.5 million at March 31, 2013.
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Abnormal liner wear and seized or broken piston rings can result in costly consequences.
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As the maritime industry transitions to the updated SIRE 2.0 inspection regime from the familiar SIRE VIQ7 framework, operators are bracing themselves for a period of adjustment.
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