Search results for: Great Lakes Dredge

30746 results

A list of search results

  • 20 April 2015
    Business & Finance

    Long term planning and oversight of the U.S Army Corps of Engineers (USACE) dredging operations on the Great Lakes is the responsibility of Brig. Gen. Richard G. Kaiser, USACE Great Lakes and Ohio Rivers Division Commander. Recently Brig. Gen. Kaiser, who grew up in Racine, Wisconsin along the shores of Lake Michigan, explained the challenges, […]

  • 25 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) announced yesterday that it had completed previously-announced private offering of $325 million of 8.000% Senior Notes due 2022. The company also announced that it used a portion of the net proceeds from its sale of the 2022 Notes to purchase approximately $186.1 million of its $275.0 million aggregate principal […]

  • 4 May 2015
    Business & Finance

    An amendment, included in the Energy & Water Appropriations Bill and sponsored by Huizenga-Hahn, stipulates that the federal government is responsible to use the Harbor Maintenance Trust Fund for dredging of ports and harbors along the nation’s coasts and across the Great Lakes. “Whether it is Grand Haven, Holland, Ludington or Muskegon, these harbors are […]

  • 15 July 2020
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) is scheduled to present in the Noble Capital Markets Virtual Roadshow Series on Wednesday, July 15, 2020 at 10 a.m. C.D.T. Chief Executive Officer and President, Lasse Petterson, and Chief Financial Officer, Mark Marinko will provide an exclusive corporate presentation. The presentation will be followed by a live […]

  • 29 January 2018
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) last week announced two new appointments, Kathleen Mackie LaVoy joined the company as the new Senior Vice President, Chief Legal Officer and Corporate Secretary and Annette Cyr as the Vice President of Human Resources. CEO Lasse Petterson commented: “We are excited to announce these changes to our executive […]

  • 19 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation yesterday announced the pricing of its previously-announced offering of $325 million aggregate principal amount of senior notes due 2022. According to the release, the 2022 Notes were priced at par with a coupon rate of 8.000%. The 2022 Notes will mature on May 15, 2022. Each of GLDD’s existing […]

  • 29 March 2016
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock of Oak Brook, Illinois is about to start one more season – the third of six – of clearing out sediment from the bottom of Lake Decatur. According to Engineering Services Coordinator Jerry Stevens, crews have been working this week to reassemble the dredge operation as they prepare to resume dredging Friday, April […]

  • 16 May 2013
    Business & Finance

    U.S. Senator Kirsten Gillibrand, a member of the Senate Environment and Public Works (EPW) Committee, announced Senate passage of the Water Resources Development Act (WRDA) of 2013. This bill includes a measure she worked to include that sets aside 20 percent of new funding from the Harbor Maintenance Trust Fund for maintaining Great Lakes ports […]

  • 17 May 2013
    Business & Finance

    U.S. Senator Charles E. Schumer released the following statement on the passage of the Water Resources Development Act (WRDA), which includes critical language that will prioritize dredging in the Great Lakes navigation system. In the past several months, Schumer has worked with the EPW committee to balance the needs of high-use, deep-draft ports like the […]

  • 11 January 2010
    Business & Finance

    What is a dredging and demolition business doing headquartered in upscale Oak Brook, Illinois? [mappress] Source: iStockAnalyst, January 8, 2010

  • 7 March 2019
    Business & Finance, Project & Tenders

    For the last couple of days, dredges Dodge Island and Padre Island have been busy working on the Morehead City Harbor Federal Navigation Project. According to the Carteret County Shore Protection Office, the third dredge, the Liberty Island will be also transiting to Morehead City Harbor with dredging/pumping activities scheduled to initiate Friday afternoon/early evening (3/8/19) subsequent […]

  • 21 March 2010
    Business & Finance

    SmarTrend identified a Downtrend for Great Lakes Dredge & Dock (NASDAQ:GLDD) on February 05, 2010 at $5.43. In approximately 1 month, Great Lakes Dredge & Dock has returned 14.9% as of today’s recent price of $4.62… Source:foxbusiness,March 21,2010;

  • 7 January 2015
    Business & Finance

    U.S. Representative Candice Miller (MI-10) yesterday issued the following statement announcing that she will continue serving as a Co-Chair of the Congressional Boating Caucus for the 114th Congress and welcoming new Co-Chair, Representative Patrick Murphy (FL-18): “I believe that we must do more to protect and maintain our nation’s waterways, which is a goal I […]

  • 5 November 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended September 30, 2019. According to GLDD Chief Executive Officer, Lasse Petterson, bidding activity increased significantly, with over $1.0 billion in projects bid in the third quarter. Operationally, the quarter had lower dredging activity, due to several vessel dry dockings. The […]

  • 1 May 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) has just reported financial results for the quarter ended March 31, 2019. Chief Executive Officer Lasse Petterson commented, “The first quarter of 2019 was an exceptional quarter driven by strong project performance, resulting in net income from continuing operations of $20.5 million and an adjusted EBITDA from continuing […]

  • 20 February 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter and year ended December 31, 2018. As of December 31, 2018, GLDD concluded that it intends to sell the Environmental and Infrastructure (“E&I”) business during the first half of 2019. Based on this decision, this business has been classified as an […]

  • 18 September 2017
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD), last Friday announced the receipt of a combined $87.3 million in awarded work across four projects, including the $47.2 million award for the Post 45 Foot Charleston Entrance Channel Maintenance Dredging. The scope of work for Charleston I includes excavation of approximately 6.1 million cubic yards of material […]

  • 8 October 2017
    Business & Finance, Vessels

    Great Lakes Dredge & Dock Corporation (GLDD) has announced a number of developments since the company released its second quarter earnings report. According to Chief Executive Officer, Lasse Petterson, GLDD has performed extensive analysis regarding its portfolio composition and asset utilization. The goal of the analysis is to improve the company’s financial results in both domestic and […]

  • 14 June 2010
    Business & Finance

    The 2009 domestic bid market increased significantly to $1.1 billion from $783 million in 2008, primarily as a result of needed maintenance projects.The Corps goal is to reach 95% U.S. port operating capacity by 2013. Heightens the need to maintain and deepen U.S. East and Gulf Coast ports,Jacksonville & Delaware projects, among others, moving forward,Renewed […]

  • 6 March 2014
    Business & Finance, Equipment, Technology

    U.S. Sens. Carl Levin and Debbie Stabenow, both D-Mich., announced that the Army Corps will distribute $25 million for Great Lakes navigation projects, including funding to help address the backlog of dredging projects in the Great Lakes. Last month, Great Lakes Task Force Co-chairs Levin and Sen. Mark Kirk, R-Ill., led a bipartisan letter from […]

  • 9 February 2014
    Business & Finance, Equipment, Technology

    U.S. Senators Charles E. Schumer and Kirsten E. Gillibrand urged the U.S. Army Corps of Engineers to dedicate at least $30 million from their budget for infrastructure improvements along the Great Lakes. The Senators sent the letter, along with Senators Kirk, Levin, Baldwin, Klobuchar, Franken, Brown, Portman, Stabenow, Donnelly, Johnson and Durbin, to push for […]

  • 4 February 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) was the recipient of Signal Mutual Indemnity Association Ltd.’s Gerald H. Halpin Safety Excellence Award at the Association’s Annual Members Board Meeting in Orlando, Florida on January 25, 2019. Chosen from over 250 member companies, GLDD received the Association’s safety recognition based on continued advancement and demonstration of […]

  • 23 February 2016
    Business & Finance, Equipment, Technology

    Great Lakes Dredge & Dock Corporation today reported financial results for the quarter and year ended December 31, 2015. For the three months ended December 31, 2015, Great Lakes reported revenue of $222.6 million, net loss from continuing operations of $0.8 million and Adjusted EBITDA from continuing operations of $22.2 million. For the year ended December 31, 2015, Great Lakes […]

  • 2 August 2017
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2017. For the three months ended June 30, 2017, GLDD reported revenue of $176.9 million, net loss from continuing operations of $1.1 million and Adjusted EBITDA from continuing operations of $17.6 million. Chief Executive Officer Lasse Petterson commented, “Operationally, as […]

  • 5 May 2020
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended March 31, 2020. According to Lasse Petterson, Chief Executive Officer and President, the first quarter of 2020 was an exceptional quarter driven by strong project performance, resulting in net income from continuing operations of $34.0 million and adjusted EBITDA from […]

  • 26 March 2013
    Business & Finance

    The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Great Lakes Dredge & Dock Corporation (GLDD) common stock over alleged violations of Federal Securities Laws by Great Lakes Dredge & Dock Corporation in connection with certain allegedly false and misleading statements made between August 7, 2012 and March […]