Conrad Industries posts Q1 net income of $414,000 and backlog of $36.6 million

For the quarter ended March 31, 2020, Conrad had 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's backlog was $36.6 million at March 31, 2020 compared to $79.2 million at December 31, 2019 and $122.7 million at March 31, 2019.

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 five shipyards located in southern Louisiana and Texas.