Conrad Q2 2009 Results & New Business

Friday, August 14, 2009

Conrad Industries, Inc. announced its second quarter and six months 2009 results and the signing of new contracts.

For the quarter ended June 30, 2009, Conrad achieved net income of $1.6m and earnings per diluted share of $0.26 compared to net income of $6.9m and earnings per diluted share of $0.96 during the second quarter of 2008. The company had net income of $7.3m and earnings per diluted share of $1.13 for the six months ended June 30, 2009 compared to net income of $11.5m and earnings per diluted share of $1.58 for the six months ended June 30, 2008. The diluted shares for the quarter and six months ended June 30, 2009 and June 30, 2008 are 6.5 million and 7.3 million, respectively.

Conrad's backlog was $40.4m at June 30, 2009, $34.1m at March 31, 2009, $56.3m at December 31, 2008 and $93.9m at June, 2008.

New contracts include one 60 ft x 38 ft x 6 ft anchor barge, a 250 ft x 72 ft x 12 ft crane barge, an 88 ft x 35 ft x 10.5 ft inland towboat and 80 ft x 31 ft x 7.5 ft steel pontoon bridge.

New business added also includes a contract for the construction of two 297 ft x 54 ft x 12 ft tank barges with approximately 30,000 gross barrel capacity and are designed for inland waterway operation.

(www.conradindustries.com)

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

Finance

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.0943 sec (11 req/sec)