CONRAD INDUSTRIES INC.
CONRAD INDUSTRIES INC. News
Conrad Industries Announces Third Quarter 2025 Results and Backlog
Conrad Industries, Inc. announced its third quarter and nine months ended September 30, 2025 financial results and backlog at September 30, 2025.For the quarter ended September 30, 2025, Conrad had net income of $5.5 million and earnings per diluted share of $1.09 compared to net income of $7.5 million and earnings per diluted share of $1.49 during the third quarter of 2024. The Company had net income…
Conrad Industries Announces 2025 Income Jump
Conrad Industries has announced a net income of $5.8 million for the quarter ended June 30, 2025.Earnings per diluted share of $1.16 compared to net income of $2.2 million and earnings per diluted share of $0.44 during the second quarter of 2024.The company had net income of $9.7 million and earnings per diluted share of $1.93 for the six months ended June 30, 2025 compared to net income of $3.7 million and earnings per diluted share of $0.75 for the six months ended June 30…
U.S. Shipbuilding Plots the Path Ahead
The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that, we need to look…
Conrad Shipyard Snares WEDA Safety Excellence Award
Conrad Shipyard won the Western Dredging Association (WEDA) Safety Excellence Award in the Dredging Trade Partner category, a recognition that highlights Conrad's commitment to safety, operational excellence, and its partnership with the U.S. dredging industry. Presented late last month during the 2025 WEDA Annual Dredging Summit & Expo, it celebrates companies who demonstrate outstanding safety performance and continuous improvement in protecting personnel, property, and the environment.
U.S. Boatbuilding Gains Steam
Shipbuilding in the United States has seen a heightened profile with increased attention from Congress and the Trump 2.0 Administration. The ongoing dialogue regarding reinvigorating the U.S. deep sea fleet has brought mainstream attention to vessel construction, which has been nearly absent in recent years. In contrast, the marketplace for domestic vessel construction, for vessels serving rivers and harbors, is alive and well.
Conrad Industries Announces Positive 2024 Results
Conrad Industries, Inc. has announced its 2024 results and backlog, reporting a net income of $11.2 million and income per diluted share of $2.24 for the 12 months ended December 31, 2024 compared to net loss of $27.0 million and loss per diluted share of $5.39 for the 12 months ended December 31, 2023.The company’s backlog as of December 31, 2024 was $293.8 million, compared to $253.8 million at December 31…
An (Electric) Jolt for the Passenger Vessel Industry
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders. Older fleet vessels, some approaching financial and operational obsolescence – also…
Crounse Takes Delivery of New Towboat from Conrad
Paducah, Ky. headquartered Crounse Corporation announced it has taken delivery of a new 6,034-horsepower towboat built by Conrad Shipyard, based in Morgan City, La.The 166- by 48- by 12-foot Alice is named after the company’s first vessel that began operating in 1949. Delivered with a U.S. Coast Guard Certificate of Inspection for Subchapter M compliance and two EPA Tier 4 compliant main engines, the…
Conrad Wins Deal to Build Four Ferries for Puerto Rico
Louisiana-based shipbuilder Conrad Shipyard on Tuesday announced it has secured a contract to build four cargo and passenger ferries for Puerto Rico.The contract from the Puerto Rico Maritime Transit Authority (PRMTA) will see Conrad deliver the first ferry to San Juan, Puerto Rico in late 2024.The ferries, designed to carry 300 passengers and 300 short tons of cargo, will operate between the Municipality…
Callais Joins Conrad Board of Directors
Conrad Industries Announces Appointment of Larry J. Callais to its Board of DirectorsMorgan City, La. based shipbuilding group Conrad Industries, Inc. announced on Firday that it has appointed Larry J. Callais to its Board of Directors. Callais will serve as an independent Class I director, and as a member of the company’s Independent Directors Committee, effective immediately.Johnny Conrad, Conrad Chairman and Chief Executive Officer, said, “We are pleased to welcome Larry Callais to our Board.
Conrad Industries' Backlog Soars $199m in 1H '22
During the first six months of 2022, Conrad Industries, Inc. added $198.8 million of backlog to its new construction segment compared to $60.8 million added to backlog…
Conrad Shipyard Wins Safety Award
Conrad Shipyard, LLC, said it has been awarded a 2021 AEU Safety Award for the company’s strong commitment to safety in the workplace.The American Equity Underwriters…
Conrad Begins Building GLDD's New Multi-Cats
Conrad Shipyard said it has started building two Damen-designed Multi-Cat vessels scheduled to be delivered to Great Lakes Dredge & Dock Company (GLDD) in the third and fourth quarters of 2022. A steel cutting ceremony was held at Conrad's Morgan City, La. shipyard.The two identical vessels are being built under a licensing agreement with the Netherlands-based Damen Shipyards Group. They will be the first of their type built in the U.S.
Conrad Delivers 6,000hp Towboat to Canal Barge
Conrad Shipyard said it delivered the 6,000-horsepower towboat, H. Merritt ‘Heavy’ Lane, Jr., to Canal Barge Company, Inc. (CBC). Built at Conrad Amelia, the Subchapter M-compliant vessel measures 166 feet by 49 by 12 and is powered by EPA Tier IV-compliant Electro-Motive Diesel (EMD) engines.The H. Merritt ‘Heavy’ Lane, Jr. utilizes a time-proven design concept that has been enhanced to modern standards through advanced engineering analysis…
Conrad Starts Production on Second 6000 HP Towboat
Conrad Shipyard of Morgan City has started production on a second 6000HP Inland Towboat designed by MiNO Marine of New Orleans. The Subchapter M compliant vessel measures 166’ x 49’ x 12’ and is powered by Tier IV compliant engines.Conrad has orders from two customers for the vessels. Conrad worked closely with MiNO Marine, who developed the design based on regulatoryrequirements and current needs existing in the market.
Conrad Industries Announces 2018 Results and Backlog
Conrad Industries has announced its 2018 results and backlog.The company had net income of $198,000 and earnings per diluted share of $0.04 for the twelve months ended December 31, 2018 compared to net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31, 2017. Results for the year ended December 31, 2018 includes $7.5 million from the Deepwater Horizon Court-Supervised settlement.
GREAT WORKBOATS: The Very Best 10 of 2018
MarineNews showcases the ten best of North America’s 2018 workboat deliveries. Domestic shipyard production is robust, innovative and getting greener. And, that…
North America’s First LNG Bunker Barge Delivered
The first liquefied natural gas (LNG) bunker barge to be built in North America has been delivered in Jacksonville, Fla., said U.S. shipbuilder Conrad Industries.The new 2,200 cubic meter bunkering barge, Clean Jacksonville, will service TOTE Maritime Puerto Rico’s LNG-powered Marlin Class containerships, the Isla Bella and Perla del Caribe, which operate between Jacksonville and San Juan, Puerto Rico.The…
LNG Bunker Barge Completes Trials
Harvey Gulf announced the successful completion of liquefied natural gas (LNG) trials for the Conrad-built 2,200 cubic meter bunkering barge, Clean Jacksonville, using Harvey Gulf’s LNG Bunkering Facility in Port Fourchon, La.The box shaped barge arrived 15 days ago to the Harvey Gulf LNG terminal where Harvey’s LNG staff developed terminal specific procedures for review and approval by USCG. These…
