Conrad Industries Reports Q3 2013 Earnings $CNRD

Filings are on the OTC Markets page for Conrad. Here is the Q3 press release:

"Conrad Industries, Inc. (OTC Pink Sheets: CNRD.PK) announced today its third quarter and nine months 2013 results and backlog and that its Board of Directors has declared a special cash dividend of $2.00 per common share. The special cash dividend is payable on December 17, 2013 to shareholders of record on December 3, 2013.

For the quarter ended September 30, 2013, Conrad had net income of $6.5 million [up 48%] and earnings per diluted share of $1.09 compared to net income of $4.4 million and earnings per diluted share of $0.74 during the third quarter of 2012. The Company had net income of $18.5 million [up 43%] and earnings per diluted share of $3.10 for the nine months ended September 30, 2013 compared to net income of $12.9 million and earnings per diluted share of $2.13 for the nine months ended September 30, 2012. The Company’s financial reports are available at www.otcmarkets.com.

During the first nine months of 2013, Conrad added $185.6 million of backlog to its new construction segment compared to $183.5 million added to backlog during the first nine months of 2012. Backlog at September 30, 2013 was $152.3 million compared to $104.4 million at September 30, 2012, $120.7 million at December 31, 2012, and $181.8 million at June 30, 2013. The Company has signed $36.0 million of new contracts since September 30, 2013."

Backlogs are basically flat but earnings are much higher. Must be more profitable jobs. I'll do a writeup