Conrad Industries reports quarterly income increase
MORGAN CITY (AP) — Conrad Industries Inc. in Morgan City reports net income of $6.4 million and earnings per diluted share of $1.08 for the quarter ended March 31.
That compares to net income of $5.9 million and earnings per diluted share of 99 cents during the first quarter of 2013.
Conrad’s backlog of work was $155.8 million on March 31, compared to $152.9 million on Dec. 31 and $125.5 million on March 31, 2013.
Conrad Industries, established in 1948, 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