Conrad earnings increase

MORGAN CITY — Conrad Industries earnings for the second quarter of 2011 and the first six months of the fiscal year were up $1.6 million and $3.5 million, respectively, from their 2010 totals.

During the second quarter of 2011, the company earned $5.2 million in net income and earnings per diluted share of 81 cents, compared to net income of $3.6 million and earnings per diluted share of 56 cents during the second quarter of 2010.

During the first six months of the year (ending June 30), the company earned $8.9 million in net income and earnings per diluted share of $1.39, compared to net income of $5.4 million and earnings per diluted share of 83 cents for the six months ended June 30, 2010.

The diluted shares for the quarters and six months ended June 30, 2011, and June 30, 2010, were 6.4 million and 6.5 million, respectively.

The company’s financial reports are available at www.otcmarkets.com.

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