{"id":382394,"date":"2020-11-16T18:13:58","date_gmt":"2020-11-16T23:13:58","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382394"},"modified":"2020-11-16T18:13:58","modified_gmt":"2020-11-16T23:13:58","slug":"conrad-industries-announces-third-quarter-2020-results-and-backlog","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/","title":{"rendered":"Conrad Industries Announces Third Quarter 2020 Results and Backlog"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MORGAN CITY, La.<\/span>, <span class=\"xn-chron\">Nov. 16, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Conrad Industries, Inc. (OTC Pink: CNRD) announced today its third quarter and nine months 2020 financial results and backlog at <span class=\"xn-chron\">September 30, 2020<\/span>. <\/p>\n<p>For the quarter ended <span class=\"xn-chron\">September 30, 2020<\/span>, Conrad had net loss of <span class=\"xn-money\">$3.6 million<\/span> and loss per diluted share of <span class=\"xn-money\">$0.72<\/span> compared to net income of <span class=\"xn-money\">$983,000<\/span> and earnings per diluted share of <span class=\"xn-money\">$0.20<\/span> during the third quarter of 2019. The Company had net loss of <span class=\"xn-money\">$2.7 million<\/span> and loss per diluted share of <span class=\"xn-money\">$0.54<\/span> for the nine months ended <span class=\"xn-chron\">September 30, 2020<\/span> compared to net loss of <span class=\"xn-money\">$1.5 million<\/span> and loss per diluted share of <span class=\"xn-money\">$0.30<\/span> for the nine months ended <span class=\"xn-chron\">September 30, 2019<\/span>. The Company&#8217;s financial reports are available at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2983815-1&amp;h=2834557648&amp;u=http%3A%2F%2Fwww.otcmarkets.com%2F&amp;a=www.otcmarkets.com\" rel=\"nofollow noopener noreferrer\">www.otcmarkets.com<\/a>.<\/p>\n<p>During the first nine months of 2020, Conrad added <span class=\"xn-money\">$171.7 million<\/span> of backlog to its new construction segment compared to <span class=\"xn-money\">$96.0 million<\/span> added to backlog during the first nine months of 2019. Conrad&#8217;s backlog was <span class=\"xn-money\">$160.4 million<\/span> at <span class=\"xn-chron\">September 30, 2020<\/span>, <span class=\"xn-money\">$79.2 million<\/span> at <span class=\"xn-chron\">December 31, 2019<\/span> and <span class=\"xn-money\">$89.2 million<\/span> at <span class=\"xn-chron\">September 30<\/span>, 2019.\u00a0 <\/p>\n<p>Conrad Industries, Inc., established in 1948 and headquartered in <span class=\"xn-location\">Morgan City, Louisiana<\/span>, 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 five shipyards located in southern <span class=\"xn-location\">Louisiana<\/span> and <span class=\"xn-location\">Texas<\/span>.<\/p>\n<p>\n        <b>For Information Contact:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Cecil Hernandez<\/span> (985) 702-0195<br \/><a target=\"_blank\" href=\"mailto:CAHernandez@ConradIndustries.com\" rel=\"nofollow noopener noreferrer\">CAHernandez@ConradIndustries.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA93815&amp;sd=2020-11-16\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/conrad-industries-announces-third-quarter-2020-results-and-backlog-301174090.html\">http:\/\/www.prnewswire.com\/news-releases\/conrad-industries-announces-third-quarter-2020-results-and-backlog-301174090.html<\/a><\/p>\n<p>SOURCE  Conrad Industries, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA93815&amp;Transmission_Id=202011161810PR_NEWS_USPR_____DA93815&amp;DateId=20201116\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MORGAN CITY, La., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0Conrad Industries, Inc. (OTC Pink: CNRD) announced today its third quarter and nine months 2020 financial results and backlog at September 30, 2020. For the quarter ended September 30, 2020, Conrad had net loss of $3.6 million and loss per diluted share of $0.72 compared to net income of $983,000 and earnings per diluted share of $0.20 during the third quarter of 2019. The Company had net loss of $2.7 million and loss per diluted share of $0.54 for the nine months ended September 30, 2020 compared to net loss of $1.5 million and loss per diluted share of $0.30 for the nine months ended September 30, 2019. The Company&#8217;s financial &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Conrad Industries Announces Third Quarter 2020 Results and Backlog&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382394","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Conrad Industries Announces Third Quarter 2020 Results and Backlog - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conrad Industries Announces Third Quarter 2020 Results and Backlog - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MORGAN CITY, La., Nov. 16, 2020 \/PRNewswire\/ &#8212;\u00a0Conrad Industries, Inc. (OTC Pink: CNRD) announced today its third quarter and nine months 2020 financial results and backlog at September 30, 2020. For the quarter ended September 30, 2020, Conrad had net loss of $3.6 million and loss per diluted share of $0.72 compared to net income of $983,000 and earnings per diluted share of $0.20 during the third quarter of 2019. The Company had net loss of $2.7 million and loss per diluted share of $0.54 for the nine months ended September 30, 2020 compared to net loss of $1.5 million and loss per diluted share of $0.30 for the nine months ended September 30, 2019. 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(OTC Pink: CNRD) announced today its third quarter and nine months 2020 financial results and backlog at September 30, 2020. For the quarter ended September 30, 2020, Conrad had net loss of $3.6 million and loss per diluted share of $0.72 compared to net income of $983,000 and earnings per diluted share of $0.20 during the third quarter of 2019. The Company had net loss of $2.7 million and loss per diluted share of $0.54 for the nine months ended September 30, 2020 compared to net loss of $1.5 million and loss per diluted share of $0.30 for the nine months ended September 30, 2019. The Company&#8217;s financial &hellip; Continue reading \"Conrad Industries Announces Third Quarter 2020 Results and Backlog\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T23:13:58+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA93815&amp;sd=2020-11-16","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Conrad Industries Announces Third Quarter 2020 Results and Backlog","datePublished":"2020-11-16T23:13:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/"},"wordCount":235,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA93815&amp;sd=2020-11-16","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/conrad-industries-announces-third-quarter-2020-results-and-backlog\/","name":"Conrad Industries Announces Third Quarter 2020 Results and Backlog - 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