Conrad 1Q 2009 Results

Thursday, May 28, 2009

Conrad Industries, Inc. announced its first quarter 2009 results and the signing of contracts and sale of barges with a total value of $24m which brings our current backlog to approximately $44.4m compared to $34.1m at March 31, 2009, $56.3m at December 31, 2008 and $96.4m at March 31, 2008.

For the quarter ended March 31, 2009, Conrad achieved net income of $5.7m and earnings per diluted share of $0.88 compared to net income of $4.5m and earnings per diluted share of $0.62 during the first quarter of 2008. The diluted shares for the quarters ended March 31, 2009 and 2008 are 6.5 million and 7.3 million, respectively.

Additions to backlog include two 222 ft by 54 ft by 12 ft LPG tank barges with approximately 16,000 gross barrel capacity and are designed for inland waterway operation. These are similar to two other barges previously contracted for and delivered.

New business added also includes contracts for the construction of one 290 ft by 62 ft by 18.5 ft 35,000 bbl. double skin barge, similar to four others which were delivered over the past two years and two 120 ft by 30 ft by 7 ft deck barges.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Next LCS to be Named USS Minneapolis/St. Paul

Secretary of the Navy Ray Mabus announced today that the next Freedom-variant littoral combat ship will be named USS Minneapolis/St. Paul (LCS 21). The future Minneapolis/St.

MSC Upgrades Europe-West Africa Service

As part of our objective to continually improve our services to customers, MSC is delighted to announce an upgrade to its Angola Express service with a first

Imtech Germany to Be Sold in November

The German unit of bankrupt Dutch engineering services company Imtech is expected to be sold in November, according to Imtech Germany's insolvency administrator.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3299 sec (3 req/sec)