MORGAN CITY — Conrad Industries Inc. reported net income of $6.5 million, or $1.09 per diluted share, compared to $4.4 million, or 74 cents per share, during third-quarter 2012.
The company also declared a special cash dividend of $2 per common share, payable Dec. 17 to shareholders of record Dec. 3.
The company had net income for the first nine months of the year of $18.5 million, or $3.10, compared to $12.9 million, or $2.13, for the nine-month period of 2012.
During the first nine months this year, Conrad added $185.6 million of backlog to its new construction segment compared to $183.5 million added during the first nine months of 2012. The backlog at Sept. 30 was $152.3 million, compared to $104.4 million a year earlier.
Conrad Industries Inc. designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for the commercial and government markets. The company provides both repair and new construction services at its four shipyards in south Louisiana and Texas.