28718 members and growing – the largest networking group in the maritime industry!

LoginJoin

Friday, December 6, 2019

Maritime Logistics Professional

Posted by August 16, 2019

Conrad Q2 Results

Conrad Industries announced for the quarter ended June 30, 2019, it had net loss of $2.2 million and loss per diluted share of $0.44 compared to net income of $4.7 million and earnings per diluted share of $0.94 during the second quarter of 2018. 

The company had net loss of $2.5 million and loss per diluted share of $0.50 for the six months ended June 30, 2019 compared to net income of $5.3 million and earnings per diluted share of $1.06 for the six months ended June 30, 2018. Results for the quarter and six months ended June 30, 2018 included $7.5 million from the Deepwater Horizon Court-Supervised settlement. The company’s financial reports are available online.

During the first six months of 2019, Conrad added $73.5 million of backlog to its new construction segment compared to $39.8 million added to backlog during the first six months of 2018.

Conrad’s backlog was $116.8 million at June 30, 2019, $127.7 million at December 31, 2018 and $74.5 million at June 30, 2018.


Conrad Industries