Conrad Industries, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2020
November 16, 2020 at 06:10 pm EST
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Conrad Industries, Inc. announced earnings results for the third quarter and nine months ended September 30, 2020. For the quarter ended September 30, 2020, Conrad had net loss of $3.6 million and loss per diluted share of $0.72 compared to net income of $983,000 and earnings per diluted share of $0.20 during the third quarter of
2019.
The Company had net loss of $2.7 million and loss per diluted share of $0.54 for the nine months ended September 30, 2020 compared to net loss of $1.5 million and loss per diluted share of $0.30 for the nine months ended September 30, 2019.
Conrad Industries, Inc. is engaged in the construction, conversion and repair of a variety of marine vessels for commercial and government customers. These vessels include large and small deck barges, tank barges, split-hull dump scows, dredges, multi-cat tugs, liquefied petroleum gas (LPG) barges, liquefied natural gas bunker vessels, lift boats, ferries, push boats, offshore tugboats and other offshore support vessels. It operates five shipyards: one in Morgan City, Louisiana, three in Amelia, Louisiana and one in Orange, Texas. Its portfolio includes Dredge Equipment, Government Projects, Ferries, Inland Push Boats, Offshore Support Vessels, Inland Tank Barge and others. Its services include new construction, repair and conversion, engineering services and computer-aided manufacturing. Its capabilities provide equipment operators with comprehensive dredging solutions, by delivering myriad types of support equipment and dredges capable of operating in any location and environment.
CONRAD INDUSTRIES, INC. 
