Conrad Industries Announces 2019 Results and Backlog
CONRAD INDUS INC (CNRD)
NASDAQ:AMEX Investor Relations:
conradindustries.com/about/investor-information
Company Research
Source: PR Newswire
MORGAN CITY, La., March 31, 2020 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) today announced its 2019 results and backlog. The Company had net income of $86,000 and earnings per diluted share of $0.02 for the twelve months ended December 31, 2019 compared to net income of $198,000 and earnings per diluted share of $0.04 for the twelve months ended December 31, 2018. The Company's financial reports are available at www.otcmarkets.com.Our backlog as of December 31, 2019 was $79.2 million, compared to $127.7 million at December 31, 2018, and $111.3 million at December 31, 2017. Johnny Conrad, Chairman and CEO stated, "We entered 2020 with profitable third and fourth quarters in 2019, improved performance on contracts, better margins in new construction, a solid infrastructure market and high hopes for continued business strengthening in 2020. However, the coronavirus (COVID-19) outbreak, designated as a pandemic by the World Health Organization on March 11, 2020, has caused
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