Conrad Industries Announces 2023 Results and Backlog [Yahoo! Finance]
CONRAD INDUS INC (CNRD)
NASDAQ:AMEX Investor Relations:
conradindustries.com/about/investor-information
Company Research
Source: Yahoo! Finance
The Company reported net loss of $27.0 million and loss per diluted share of for the twelve months ended December 31, 2023 compared to net loss of $17.4 million and loss per diluted share of for the twelve months ended December 31, 2022 . The Company's financial reports are available at www.otcmarkets.com Our backlog as of December 31, 2023 was $253.8 million , compared to $244.1 million at December 31, 2022 , and $148.5 million at December 31, 2021 Johnny Conrad , Chairman and CEO stated, "Our results for 2023 reflect a continued challenging operating environment, including challenges associated with continued high steel prices, inflationary price increases in other materials and equipment, supply chain disruptions, a tight labor market resulting in difficulties in retaining and hiring direct labor and rising interest rates during 2022 and 2023. A significant portion of our 2023 losses were related to fixed price new construction contracts that were signed prior to the substanti
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