| Business Summary | | Conrad
Industries,
Inc.
specializes
in
the
construction,
conversion
and
repair
of
a
wide
variety
of
marine
vessels
for
commercial
and
governmental
customers,
and
the
fabrication
of
modular
components
of
offshore
drilling
rigs
and
floating,
production,
storage
and
offloading
vessels
(FPSO).
The
Company
constructs
a
variety
of
marine
vessels,
including
large
and
small
deck
barges,
single-
and
double-hull
tank
barges,
lift
boats,
push
boats,
tow
boats,
offshore
tug
boats
and
offshore
supply
vessels.
The
Company
fabricates
components
of
offshore
drilling
rigs
and
FPSOs,
including
sponsons,
stability
columns,
blisters,
pencil
columns
and
other
modular
components.
The
Company's
conversion
projects
primarily
consist
of
lengthening
the
mid-bodies
of
vessels,
modifying
vessels
to
permit
their
use
for
a
different
type
of
activity
and
other
modifications
to
increase
the
capacity
or
functionality
of
a
vessel. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNRD
engages
in
the
construction,
conversion
and
repair
of
marine
vessels
for
commercial
and
governmental
customers
and
the
fabrication
of
modular
components
of
offshore
drilling
rigs
and
floating,
production,
storage
and
offloading
vehicles.
For
the
six
months
ended
6/30/01,
revenues
rose
30%
to
$24.1
million.
Net
income
rose
42%
to
$1.9
million.
Results
reflect
higher
repair
and
conversions
revenues,
and
an
improved
gross
profit
due
to
lower
medical
insurance
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| J. Parker Conrad, 85 Co-Chairman | $303K | John Conrad, Jr., 58 Co-Chairman | 275K | Kenneth Myers Pres,
CEO | -- | Cecil Hernandez, 44 CFO,
VP of Fin. and Admin., Director | 207K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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