Conrad Industries Inc., Morgan City, La., announced today a second quarter net loss of $5.9 million and loss per diluted share of $1.18. That compares to a net loss of $3.4 million and loss per diluted share of $0.67 during the second quarter of 2022.
Conrad posted a net loss of $11 million and loss per diluted share of $2.18 for the six months ended June 30, 2023, compared to net loss of $3.5 million and loss per diluted share of $0.69 for the six months ended June 30, 2022.
During the first six months of 2023, Conrad added $191 million of backlog to its new construction segment compared to $198.8 million added to backlog during the first six months of 2022. Conrad’s backlog was $323.7 million at June 30, 2023, $244.1 million at Dec. 31, 2022, and $245.1 million at June 30, 2022.
Conrad, established in 1948, 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.