Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) reports that net income for the twelve months ended December 31, 2021, was $6.5 million compared to net loss of $4.0 million in the prior year. The company’s backlog as of December 31, 2021 was $148.5 million, compared to $183.7 million at December 31, 2020, and $79.2 million at December 31, 2019.
“Our results for 2021 reflect a continued challenging operating environment,” said chairman & CEO Johnny Conrad....