Conrad Reports Net First Quarter Loss

Conrad Industries, headquartered in Morgan City, La., reported a net loss of $307,000, or 6 cents per share, for the first quarter. A year ago, the company reported first-quarter earnings of $586,000, or 12 cents per share.

The announcement was made May 15.

The company, which has five shipyards in southern Louisiana and Texas, reported a backlog of $122.7 million as of March 31, compared to $127.7 million as of December 31, 2018, and $106.2 million as of March 31, 2018.