MORGAN CITY, La., Aug. 13 /PRNewswire-FirstCall/ -- Conrad Industries, Inc. (Pink Sheets: CNRD) today announced its second quarter and six months 2008 results and recognized its 60th year in business.

For the quarter ended June 30, 2008, Conrad achieved net income of $6.9 million and earnings per diluted share of $0.96 compared to net income of $4.6 million and earnings per diluted share of $0.63 during the second quarter of 2007. The Company had net income of $11.5 million and earnings per diluted share of $1.58 for the six months ended June 30, 2008 compared to net income of $7.9 million and earnings per diluted share of $1.09 for the six months ended June 30, 2007. The Company's financial reports are available at http://www.pinksheets.com.

Conrad's backlog was $93.9 million at June 30, 2008 compared to $80.9 million at December 31, 2007 and $82.4 million at June 30, 2007.

Johnny Conrad, President and CEO stated, "At a recent industry meeting, we were recognized by our customers, vendors and peers for our 60th year in business. We would like to take this opportunity to thank our many valuable customers, vendors and employees for helping us grow and prosper, and in some years, survive, throughout these 60 years. My father Parker Conrad, Co-Chairman of the Board founded the company in 1948 based on the principles of quality, service, value and integrity which have guided us through the peaks and valleys of many business cycles."

Conrad continued, "We are a very different company today than we were even 5 years ago. The number of our production and support personnel has increased from 300 to over 800 between 2002 and 2007. Our revenue has increased from $33 million annually in 2002 to 169 million for 2007. We are more diversified than ever between energy, commercial, and government customers and projects. But at our core, we remain the same shipyard that we were 60 years ago, delivering a quality product and service at a fair price and treating our customers, vendors and employees with respect.

Throughout the years, in order to meet the needs of our customers, we continued to reinvest in the business and will continue to do so in the future as we work diligently at meeting our customer's needs for the next 60 years."

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.

This press release contains forward-looking statements, identifiable through the use of words such as "believe," "expect," "plan," "estimate" and similar expressions. Forward-looking statements speak only as of the date of this release, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. Actual results may differ materially due to a variety of factors, including the level of activity by oil and gas companies in the Gulf of Mexico, steel prices and availability, general economic conditions and other risks detailed in our 2007 Annual Report available at http://www.pinksheets.com.

For Information Contact:

Cecil Hernandez (985) 702-0195

CAHernandez@ConradIndustries.com

SOURCE Conrad Industries, Inc.