Business briefs

Cleco sends crews to help in Okla.

PINEVILLE — Cleco Corp. is sending a 34-member crew to Oklahoma City to help Oklahoma Gas and Electric Company restore power to customers after a tornado destroyed its electric system.

The crew is expected to arrive in Oklahoma today.

Cleco’s mutual assistance coordinator, Floyd Pittman, says after seeing the damage left in the storm’s wake, Cleco’s crews head there with the expectation of not repairing lines for OGE but helping them to rebuild their system.

OGE serves more than 801,000 customers in Oklahoma and western Arkansas.

Cleco, headquartered in Pineville, serves about 283,000 customers in Louisiana.

Conrad announces 1st quarter results

MORGAN CITY — Conrad Industries Inc. announced its first quarter results and backlog.

For the quarter ended March 31, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3.2 million and earnings per diluted share of $0.52 during the first quarter of 2012. The diluted shares for the quarter ended March 31 are 6.0 million compared to 6.1 million for the quarter ended March 31, 2012. The company’s financial reports are available at

Conrad’s backlog was $125.5 million at March 31, compared to $120.7 million at Dec. 31, 2012, and $70.8 million at March 31, 2012.

Conrad Industries Inc., established in 1948 and headquartered in Morgan City, 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 four shipyards located in southern Louisiana and Texas.

B.R. homes sales jump 28% in April

BATON ROUGE — The number of homes sold in the Baton Rouge metro area rose 28 percent in April.

According to figures released by the Greater Baton Rouge Association of Realtors, 783 homes were sold in the eight-parish area, compared with 611 in April 2012.

The median sales price was up 10 percent to $179,900. Median means half the homes sold for more and half for less than that price.

David McKey, broker/owner with Coldwell Banker One and president of the Louisiana Realtors Association, said the recent trend of sellers pricing their homes more competitively has moved more homes.

Franklin hospital named a best place to work

Franklin Foundation Hospital has been named a Top 100 Best Places to Work in Healthcare by Becker’s Hospital Review.

The 2013 list was developed through nominations and editorial research and Franklin Foundation Hospital was chosen for its robust benefits, wellness initiatives, professional development opportunities and work environments that promote employee collaboration and satisfaction.

To be considered for the list, organizations may be nominated or selected based on Becker’s research.

From Staff and Associated Press reports.

St. Mary Now & Franklin Banner-Tribune

Franklin Banner-Tribune
P.O. Box 566, Franklin, LA 70538
Phone: 337-828-3706
Fax: 337-828-2874

Morgan City Daily Review
P.O. Box 948, Morgan City, LA 70381
Phone: 985-384-8370
Fax: 985-384-4255

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