Johnny Conrad: We are confident concerning the long-lasting potential customers of our organization.”
Morgan City, La., headquartered shipbuilder Conrad Industries,Inc (OTC Pink: CNRD) the other day reported its 2018 outcomes and also stockpile.
The firm had earnings of $198,000 and also profits per watered down share of $0.04 for the twelve months finished December 31, 2018 contrasted to bottom line of $2.1 million and also loss per watered down share of $0.42 for the twelve months finished December 31, 2017. Results for the year finished December 31, 2018 consist of $7.5 million from the Deepwater Horizon Court-Supervised negotiation.
Backlog since December 31, 2018 was $127.7 million, contrasted to $111.3 million at December 31, 2017, and also $216.5 million at December 31, 2016.
“2018 was a challenging year, particularly given the soft market for new construction projects,” claimed Johnny Conrad, Chairman and also chief executive officer. “However, we experienced an improved market for our repair services and bid activity has been good in early 2019.”
“2019 will also have its challenges as the market continues to rebound, but we are optimistic about the long-term prospects of our business,” claimedCochran “We have met these types of challenges in the past, and we remain confident that with our talented and dedicated employees, strong balance sheet and diversified customer base we can effectively respond to changing market conditions.”
