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Conrad Industries Announces First Quarter 2023 Results and Backlog
Conrad Industries Announces First Quarter 2023 Results and Backlog.
About this update from Conrad Industries, Inc.
[{"type":"text","content":"\n\n\n\nConrad Industries Announces First Quarter 2023 Results and Backlog\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\nConrad Industries Announces First Quarter 2023 Results and Backlog\nPR Newswire\nMORGAN CITY, La., May 15, 2023\n\n\n\nMORGAN CITY, La., May 15, 2023 /PRNewswire/ -- Conrad Industries, Inc. (OTC Pink: CNRD) announced today its first quarter 2023 results.\nFor the quarter ended March 31, 2023, Conrad had net loss of $5.1 million and loss per diluted share of $1.01 compared to net loss of $116,000 and loss per diluted share of $0.02 during the first quarter of 2022. The Company's financial reports are available at www.otcmarkets.com.\nDuring the first three months of 2023, Conrad signed $47.0 million in contracts in its new construction segment compared to $41.1 million added to backlog during the first three months of 2022. Conrad's backlog was $221.8 million at March 31, 2023, $244.1 million at December 31, 2022 and $136.5 million at March 31, 2022. Since the end of the first quarter, the Company has signed an additional $13.9 million in contracts.\nConrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls barges, dredges and dredge support equipment, tugboats, ferries, drydocks, liftboats, offshore supply vessels and other steel products for both the commercial and government markets. The company provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas.\nFor Information Contact:Cecil Hernandez (985) [email protected]\n View original content:https://www.prnewswire.com/news-releases/conrad-industries-announces-first-quarter-2023-results-and-backlog-301825238.html\nSOURCE Conrad Industries, Inc.\n\n\n\n\n","length":3921,"tagName":"div"}]