Conrad Industries, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 06:30 pm EDT
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Conrad Industries, Inc. announced earnings results for the first quarter ended March 31, 2020. For the quarter ended March 31, 2020, the company reported net income of $414,000 and income per diluted share of $0.08 compared to a net loss of $307,000 and loss per diluted share of $0.06 during the first quarter of 2019.
Conrad Industries, Inc. is engaged in the construction, conversion and repair of a variety of marine vessels for commercial and government customers. These vessels include large and small deck barges, tank barges, split-hull dump scows, dredges, multi-cat tugs, liquefied petroleum gas (LPG) barges, liquefied natural gas bunker vessels, lift boats, ferries, push boats, offshore tugboats and other offshore support vessels. It operates five shipyards: one in Morgan City, Louisiana, three in Amelia, Louisiana and one in Orange, Texas. Its portfolio includes Dredge Equipment, Government Projects, Ferries, Inland Push Boats, Offshore Support Vessels, Inland Tank Barge and others. Its services include new construction, repair and conversion, engineering services and computer-aided manufacturing. Its capabilities provide equipment operators with comprehensive dredging solutions, by delivering myriad types of support equipment and dredges capable of operating in any location and environment.
CONRAD INDUSTRIES, INC. 
