MORGAN CITY, La., April 1, 2008 /PRNewswire-FirstCall/ -- Conrad Industries, Inc. (Pink Sheets: CNRD.PK) today announced its 2007 results and a new $10 million stock repurchase program.

For the year ended December 31, 2007, Conrad achieved net income of $19.2 million and earnings per diluted share of $2.63. The Company's Annual Report for 2007 is available at http://www.pinksheets.com.

The Company also announced that its board of directors has authorized the Company to purchase up to $10 million of its common stock. The Company plans to use cash on hand or generated from operations to purchase the stock. Acquisitions may be made from time to time in the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements. The timing, prices and sizes of purchases will depend upon prevailing stock prices, general economic and market conditions and other factors as management deems appropriate. The program does not obligate the Company to acquire any particular amount of common stock, and may be commenced, suspended or discontinued at any time or from time to time in the Company's discretion without prior notice.

The share repurchase program follows the completion of a comprehensive review of strategic initiatives to enhance shareholder value conducted by the Company's board of directors with the assistance of Stephens Inc. as financial advisor, and has been approved unanimously by the Company's independent directors.

Johnny Conrad, President and CEO stated, "Through the diligent efforts of all of our employees, Conrad Industries achieved record results in 2007. Our board of directors believes that our stock repurchase program will enhance shareholder value and provide us with the flexibility to respond to potential future business opportunities and risks. We are optimistic about the long-term prospects for our Company."

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, which are made pursuant to the safe harbor provisions of the securities laws. 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.