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COVID-19 Pandemic Hits Conrad Industries' Bottom Line
| 题名： | COVID-19 Pandemic Hits Conrad Industries' Bottom Line |
| 正文语种： | eng |
| 摘要： | Conrad Industries reported a net loss of $4 million or 80 cents per share for 2020, compared with net income of $86,000, or 2 cents per share, for 2019. However, in the March 31 report, the company also disclosed a $183.7 million backlog as of December 31, 2020. That's up from a backlog of $79.2 million one year earlier, and a $127.7 million backlog at the end of 2018. "We entered 2020 with profitable third and fourth quarters in 2019, improved performance on contracts, better margins in new construction, a solid infrastructure and oil transportation market and high hopes for continued business strengthening in 2020," said Johnny Conrad, chairman and CEO. "However, the COVID-19 outbreak had a substantial adverse impact on our business. During the second quarter and remainder of 2020, our critical focus shifted primarily to protecting the health and safety of our work- force, managing cash and reducing costs, completing and delivering jobs in process and working with our customers and potential customers to add backlog. |
| 出版年： | 2021 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 135 |
| 期： | 1 |
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