Conrad Industries Announces First Quarter 2021 Results and Backlog
Rhea-AI Summary
Conrad Industries, Inc. (OTC Pink: CNRD) reported its first quarter 2021 results, showing a net income of $705,000 or $0.14 per diluted share, up from $414,000 or $0.08 per diluted share in Q1 2020. The backlog increased to $193.4 million as of March 31, 2021, from $183.7 million at year-end 2020 and $36.6 million a year prior. Founded in 1948 and based in Morgan City, Louisiana, the company specializes in designing, building, and overhauling a variety of marine vessels.
Positive
- Net income increased to $705,000 in Q1 2021 from $414,000 in Q1 2020.
- Earnings per diluted share rose to $0.14, up from $0.08 year-over-year.
- Total backlog grew to $193.4 million as of March 31, 2021, indicating strong future business prospects.
Negative
- None.
News Market Reaction – CNRD
In the trading session that priced this news, CNRD gained 2.19%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MORGAN CITY, La., May 14, 2021 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) announced today its first quarter 2021 results.
For the quarter ended March 31, 2021, Conrad had net income of
Conrad's backlog was
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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SOURCE Conrad Industries, Inc.