Conrad Industries

Conrad Industries reports 2023 results

Conrad Industries, Inc. (OTC Pink: CNRD) has announced its 2023 results and backlog. The company reported a net loss of $27.0 million and a loss per diluted share of $5.39 for the twelve months ended December 31, 2023 compared to net loss of $17.4 million and loss per diluted share of $3.47 for the twelve months ended December 31, 2022.

Conrad Industries’ backlog as of December 31, 2023 was $253.8 million, compared to $244.1 million at December 31, 2022, and $148.5 million at December 31, 2021.

“O...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/conrad-industries-reports-2023-results/

Conrad reports third quarter results and backlog

“We are cautiously optimistic about the future of our vessel construction segment due to recent backlog additions for repeat builds in the ferry and barge markets for repeat customers,” said Johnny Conrad, CEO of Conrad Industries, Inc. (OTC Pink: CNRD), as the company announced its latest results. “Our management team continues to focus on effectively executing our current backlog, securing new contracts, increasing efficiencies and controlling costs so that we can be well-positioned for...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/conrad-reports-third-quarter-results-and-backlog/

Conrad reports a “challenging operating environment” in first quarter

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.

HIGH STEEL PRICES...

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/conrad-reports-a-challenging-operating-environment-in-first-quarter/

Conrad Shipyard to build two tugs for USACE

Morgan City, La., headquartered Conrad Shipyard LLC has won a $16,983,710 firm-fixed-price contract to build two tugboats for use in the Great Lakes. Bids were solicited via the internet with five received.

Work will be performed in Morgan City with an estimated completion date of Dec. 26, 2024.

The U.S. Army Corps of Engineers, Philadelphia, Pa., is the contracting activity (W912BU-22-C-0014).

According to a “Sources Sought” notice issued in April last year, the vessels will be 2,000 hp ice class...

https://www.marinelog.com/inland-coastal/inland/conrad-shipyard-to-build-two-tugs-for-usace/

Conrad optimistic after reporting profitable 2021

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....

https://www.marinelog.com/shipbuilding/shipyards/shipyard-news/conrad-optimistic-after-reporting-profitable-2021/

Conrad Shipyard lays keel for GLDD trailing suction hopper dredge

Morgan City, La., headquartered Conrad Shipyard recently hosted a ceremony at its Deepwater shipyard in Amelia, La., to mark the laying of the keel of a 6,500 cubic yard trailing suction hopper dredge under construction for Great Lakes Dredge & Dock Company (GLDD). Delivery of the dredge is scheduled before the end of first quarter 2023.

Addressing an audience of Conrad and GLDD executives, Louisiana’s Lt. Governor Billy Nungesser, United States Coast Guard personnel, shipyard workers and...

https://www.marinelog.com/coastal/dredging/conrad-shipyard-lays-keel-for-gldd-trailing-suction-hopper-dredge/

Conrad adds $172 million to new construction backlog

Conrad Industries Inc. announced its third quarter and nine months 2020 financial results and backlog yesterday.

For the quarter ended Sept. 30, 2020, Morgan City, La.-based Conrad had a net loss of $3.6 million and loss per diluted share of 72 cents compared to net income of $983,000 and earnings per diluted share of 20 cents during the third quarter of 2019. The company had net loss of $2.7 million and loss per diluted share of 54 cents for the nine months ended Sept. 30, 2020, compared to net...

https://www.workboat.com/news/shipbuilding/conrad-adds-172-million-to-new-construction-backlog/

Conrad adds to 2020 construction backlog

55,000-bbl. barge for Vane Brothers was delivered last year. Conrad Industries photo

Conrad Industries Inc. announced its second quarter and six months 2020 financial results and backlog last week.

For the quarter ended June 30, 2020, Conrad had net income of $482,000 and earnings of 10 cents a share. That compares to net loss of $2.2 million and loss of 44 cents a share during the second quarter of 2019. The company had net income of $896,000 and earnings per share 18 cents for the six months ended June 30, 2020. This compares to a net loss of $2.5 million and loss of 50 cents...

https://www.workboat.com/news/shipbuilding/conrad-adds-to-2020-construction-backlog/

Conrad releases first quarter 2019 results, backlog

Conrad’s backlog was $122.7 million at March 31, 2019, compared to $127.7 million at Dec. 31, 2018, and $106.2 million at March 31, 2018. Conrad Industries photo

Conrad Industries Inc. Morgan City, La. announced its first quarter 2019 results.

For the quarter ended March 31, 2019, Conrad had a net loss of $307,000 and loss per diluted share of $0.06 compared to net income of $586,000 and earnings per diluted share of $0.12 during the first quarter of 2018.

Conrad’s backlog was $122.7 million at March 31, 2019, compared to $127.7 million at Dec. 31, 2018, and $106.2 million at March 31, 2018.

Conrad Industries, established in 1948, designs, builds and...

https://www.workboat.com/news/shipbuilding/conrad-releases-first-quarter-2019-results-backlog/

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