Conrad Industries Announces Third Quarter 2017 Results and Backlog

MORGAN CITY, La., Nov. 15, 2017

For the quarter ended September 30, 2017, Conrad had a net loss of $193,000 and a loss per diluted share of $0.04 compared to a net loss of $4.7 million and a loss per diluted share of $0.92 during the third quarter of 2016. The Company had net income of $1.3 million and earnings per diluted share of $0.25 for the nine months ended September 30, 2017 compared to a net loss of $858,000 and a loss per diluted share of $0.17 for the nine months ended September 30, 2016. The Company's financial reports are available at www.otcmarkets.com.

Conrad's backlog was $140.9 million at September 30, 2017, $216.5 million at December 31, 2016 and $251.1 million at September 30, 2016. 

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.

For Information Contact:
Cecil Hernandez (985) 702-0195
CAHernandez@ConradIndustries.com

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