Conrad Industries Announces Third Quarter 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., Nov. 14, 2019 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) announced today its third quarter and nine months 2019 financial results and backlog at September 30, 2019. For the quarter ended September 30, 2019, Conrad had net income of $983,000 and earnings per diluted share of $0.20 compared to net loss of $2.6 million and a loss per diluted share of $0.51 during the third quarter of 2018. The Company had net loss of $1.5 million and loss per diluted share of $0.30 for the nine months ended September 30, 2019 compared to net income of $2.7 million and earnings per diluted share of $0.55 for the nine months ended September 30, 2018. Results for the nine months ended September 30, 2018 included $7.5 million from the Deepwater Horizon Court-Supervised settlement. The Company's financial reports are available at www.otcmarkets.com.During the first nine months of 2019, Conrad added $96.0 million of backlog to its new construction segment compared to $145.9 mill
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