American Shipyard Publishes Q1 2012 Results

Press Release
Wednesday, May 16, 2012

Conrad Incustries announce First Quarter 2012 Results & Backlog

For the quarter ended March 31, 2012, Conrad achieved net income of $3.2 million and earnings per diluted share of $0.52 compared to net income of $3.7 million and earnings per diluted share of $0.58 during the first quarter of 2011.  The Company's more detailed financial reports are available here.

Conrad's backlog was $70.8 million at March 31, 2012 compared to $47.1 million at December 31, 2011 and $112.3 million at March 31, 2011.

Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for both the commercial and government markets. The company provides both repair and new construction services at its four shipyards located in southern Louisiana and Texas.

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