Business
Conrad Industries Announces 2012 Results and New Business
Conrad Industries Announces 2012 Results and New Business.
About this update from Conrad Industries, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nConrad Industries Announces 2012 Results and New Business\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nConrad Industries Announces 2012 Results and New Business\n\nPR Newswire\n\nMORGAN CITY, La., March 28, 2013\n\n\n\n\n\n\n\n\n\n\n \n \n\n\nMORGAN CITY, La., March 28, 2013 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) today announced its fourth quarter and twelve months 2012 results and the addition of new business during the first quarter of 2013 totaling $51.4 million. \n\n\nFor the quarter ended December 31, 2012, Conrad had net income of $8.0 million and earnings per diluted share of $1.33 compared to net income of $6.8 million and earnings per diluted share of $1.09 during the fourth quarter of 2011. The Company had net income of $20.8 million and earnings per diluted share of $3.46 for the twelve months ended December 31, 2012 compared to net income of $19.2 million and earnings per diluted share of $3.01 for the twelve months ended December 31, 2011. The diluted shares for the quarter and twelve months ended December 31, 2012 are 6.0 million, and 6.2 million and 6.4 million for the quarter and twelve months ended December 31, 2011, respectively. The Company's financial reports are available at www.otcmarkets.com.\n\n\nNew business added during the first quarter of 2013 includes the signing of new contracts and sales of stock barges which brings estimated current backlog to approximately $122.5 million, compared to $120.7 million at December 31, 2012, $70.8 million at March 31, 2012, and $47.1 million at December 31, 2011. \n\n\nNew contracts added during the first quarter of 2013 include two 297'6\"x 54'x 12' 30,000 bbl. tank barges, two 245'x 48'x 12'LPG tank barges, a 300'x 100x 20' ocean deck barge, and a 160'x 72'x 10' deck barge. \n\n\nDuring the first quarter of 2013, we also sold three 297'6\"x 54'x 12' 30,000 bbl. tank barges, and four tow boats which were stock vessels in progress at December 31, 2012. \n\n\nConrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, des...