Conrad Industries Announces First Quarter 2024 Results and Backlog
CONRAD INDUS INC (CNRD)
NASDAQ:AMEX Investor Relations:
conradindustries.com/about/investor-information
Company Research
Source: PR Newswire
MORGAN CITY, La., May 15, 2024 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) announced today its first quarter 2024 results.For the quarter ended March 31, 2024, Conrad had net income of $1.5 million and earnings per diluted share of $0.30 compared to net loss of $5.1 million and loss per diluted share of $1.01 during the first quarter of 2023. The Company's financial reports are available at www.otcmarkets.com.During the first three months of 2024, Conrad signed $51.8 million in contracts in its new construction segment compared to $47.0 million added to backlog during the first three months of 2023. Conrad's backlog was $247.3 million at March 31, 2024, $253.8 million at December 31, 2023 and $221.8 million at March 31, 2023. Since the end of the first quarter, the Company has signed an additional $25.0 million in contracts.Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls barges, dredges and dredge sup
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