Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) has reported its first quarter 2022 results.
The company had a net loss of $116,000 im the quarter compared to net income of $705,000 in the first quarter of 2021, when net income included $2.9 million in other income related to the Employee Retention Credit.
Conrad’s backlog was $136.5 million at March 31, 2022 compared to $148.5 million at December 31, 2021 and $193.4 million at March 31, 2021.
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