Conrad Announces Second Quarter 2011 Results

MORGAN CITY, La., Aug. 15, 2011 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink Sheets: CNRD) announced today its second quarter and six months 2011 financial results.

For the quarter ended June 30, 2011, Conrad achieved net income of $5.2 million and earnings per diluted share of $0.81 compared to net income of $3.6 million and earnings per diluted share of $0.56 during the second quarter of 2010. The Company had net income of $8.9 million and earnings per diluted share of $1.39 for the six months ended June 30, 2011 compared to net income of $5.4 million and earnings per diluted share of $.83 for the six months ended June 30, 2010. The diluted shares for the quarters and six months ended June 30, 2011 and June 30, 2010 are 6.4 million and 6.5 million, respectively. The Company's financial reports are available at www.otcmarkets.com.

Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for both the commercial and government markets. The company provides both repair and new construction services at its four shipyards located in southern Louisiana and Texas.

For Information Contact:


Analysts, Financial Community, Media

Cecil Hernandez (985) 702-0195


CAHernandez@ConradIndustries.com



SOURCE Conrad Industries, Inc.



RELATED LINKS
http://www.conradindustries.com

More by this Source

Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.