Conrad Reports Strong Q2 Results, Backlog

Conrad Industries, Inc. announced its second quarter and six months 2014 financial results and backlog at June 30, 2014.

For the quarter ended June 30, 2014, Conrad had net income of $6.8 million and earnings per diluted share of $1.14 compared to net income of $6.1 million and earnings per diluted share of $1.02 during the second quarter of 2013. The company had net income of $13.2 million and earnings per diluted share of $2.21 for the six months ended June 30, 2014 compared to net income of $12 million and earnings per diluted share of $2.01 for the six months ended June 30, 2013.

Conrad’s backlog was $173 million at June 30, 2014, $152.9 million at December 31, 2013 and $181.8 million at June 30, 2013.

Conrad, 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 repair and new construction services at its five shipyards located in southern Louisiana and Texas.

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