Conrad Industries 2009 Results

Tuesday, April 06, 2010

Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced its Q4 and twelve months 2009 results.

For the quarter ended December 31, 2009, Conrad had net income of $2.8m and earnings per diluted share of $0.43 compared to net income of $7.1m and earnings per diluted share of $1.09 during the fourth quarter of 2008. The company had net income of $12.8m and earnings per diluted share of $1.99 for the twelve months ended December 31, 2009 compared to net income of $23m and earnings per diluted share of $3.29 for the twelve months ended December 31, 2008. The diluted shares for the quarters ended December 31, 2009 and 2008 and for the twelve months ended December 31, 2009 and 2008, are 6.5 million, 6.5 million, 6.5 million and 7.0 million, respectively.

Conrad’s backlog was $38.3 million at December 31, 2009 compared to $56.3m at December 31, 2008. The backlog at December 31, 2008 excludes two contracts with a total value of $15.5m for the construction of two z-drive harbor tugs that were terminated by agreement between us and the customer during the first quarter of 2009.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Asian Airlines Pause Before Hedging on Fuel

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2517 sec (4 req/sec)