MORGAN CITY, La., Nov. 14, 2022 /PRNewswire/ — Conrad Industries, Inc. (OTC Pink: CNRD) introduced at the moment its third quarter and 9 months 2022 monetary outcomes and backlog at September 30, 2022.
For the quarter ended September 30, 2022, Conrad had web lack of $5.3 million and loss per diluted share of $1.06 in comparison with web lack of $578,000 and loss per diluted share of $0.12 throughout the third quarter of 2021. The Company had web lack of $8.8 million and loss per diluted share of $1.75 for the 9 months ended September 30, 2022 in comparison with web revenue of $8.7 million and earnings per diluted share of $1.74 for the 9 months ended September 30, 2021. Net revenue for the primary 9 months of 2021 included the Paycheck Protection Program mortgage being forgiven within the second quarter of 2021 and our qualification for the Employee Retention Credit for the primary three quarters of 2021. The Company’s monetary experiences can be found at www.otcmarkets.com.
During the primary 9 months of 2022, Conrad added $251.0 million of backlog to its new building phase in comparison with $80.3 million added to backlog throughout the first 9 months of 2021. Conrad’s backlog was $260.5 million at September 30, 2022, the very best backlog in our firm’s historical past, in comparison with $148.5 million at December 31, 2021 and $163.5 million at September 30, 2021.
Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls tugboats, ferries, liftboats, dredges, barges, offshore provide vessels and different metal merchandise for each the industrial and authorities markets. The firm supplies each restore and new building providers at its 5 shipyards situated in southern Louisiana and Texas.
For Information Contact:
Cecil Hernandez (985) 702-0195
[email protected]
SOURCE Conrad Industries, Inc.
