Conrad Industries announces second quarter results

By: | at 05:59 PM | Ports & Terminals  

MORGAN CITY, La. - Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced today its second quarter and six months 2017 financial results and backlog at June 30, 2017.

For the quarter ended June 30, 2017, Conrad had net income of $1.4 million and earnings per diluted share of $0.27 compared to net income of $1.3 million and earnings per diluted share of $.25 during the second quarter of 2016. The Company had net income of $1.5 million and earnings per diluted share of $0.29 for the six months ended June 30, 2017 compared to net income of $3.9 million and earnings per diluted share of $.74 for the six months ended June 30, 2016. Results for the quarter and six months ended June 30, 2016 included research and development tax credits of $0.6 million and $1.2 million, respectively. No research and development tax credits are included in the results for the quarter and six months ended June 30, 2017.

Conrad’s backlog was $152.0 million at June 30, 2017, $216.5 million at December 31, 2016 and $248.7 million at June 30, 2016.

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