Search results for: Great Lakes Dredge

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A list of search results

  • 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 […]

  • 22 October 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge and Dock Company is about to begin beach nourishment project for the City of Rehoboth Beach, according to the Department of Natural Resources and Environmental Control. As reported, DNREC expects that GLDD will start pumping sand this week along the north end of Rehoboth Beach. Sand pumping operations by the project contractor […]

  • 17 September 2019
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Jacksonville District awarded a $15,577,450.00 contract to the Great Lakes Dredge and Dock Company for the next scheduled maintenance dredging of U.S. Naval Station Kings Bay Entrance Channel and sand placement at Fernandina Beach. The project includes maintenance dredging of the entrance channel and parts of the inner channel, […]

  • 30 August 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) has successfully completed the Nags Head beach nourishment project. The beach nourishment sand pumping operations were completed early on Sunday morning, August 18, 2019 in the 8200 block of South Old Oregon Inlet Road near Mile Post 17, reported the town. During the 2019 beach nourishment campaign, GLDD’s […]

  • 25 June 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of $91 million for coastal protection, emergency repair and maintenance dredging works. David Simonelli, President of Dredging commented, “We are pleased to announce these important coastal protection, emergency repair and maintenance dredging awards for our Company which complement the current portfolio of large port […]

  • 17 June 2019
    Business & Finance, Project & Tenders

    Although not even officially summer, the city of Virginia Beach and the Army Corps’ Norfolk District are already preparing for winter. The district has awarded the Sandbridge Hurricane Protection and Beach Renourishment project contract to Great Lakes Dredge and Dock Company. According to the Corps, the investment for this renourishment cycle is $20.3 million, including […]

  • 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 […]

  • 26 April 2019
    Business & Finance, Project & Tenders, Vessels

    Great Lakes Dredge & Dock’s hopper dredge Liberty Island yesterday delivered the last load of sand to eastern Emerald Isle, marking the completion of dredging/pumping activities for Phase I of the post-Florence Renourishment Project. Following the completion of the works, GLDD’ dredge Liberty Island departed the site yesterday afternoon for her next project. The project […]

  • 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 […]

  • 1 October 2018
    Business & Finance

    Historic Egmont Key – the small island that experienced large-scale erosion and structural damage on its western shoreline – will soon receive critical sand thanks to maintenance on the Tampa Harbor channel, reports the U.S. Army Corps of Engineers, Jacksonville District. The Army Corps recently awarded a $10.3 million contract to Great Lakes Dredge & Dock Company […]

  • 27 September 2018
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Co. has just won a $47.9 million contract for channel dredging works in Hillsborough County, Florida. According to the FedBizOpps, the project consists of dredging approximately 4 million cubic yards from the Big Bend Channel of Tampa Harbor. Also included in the project is the Entrance Channel, Turning Basin, East Channel, […]

  • 20 September 2018
    Business & Finance, Project & Tenders

    Great Lakes Dredge and Dock Co. LLC, Oak Brook, Illinois, has won a $7,183,435 contract for maintenance dredging of the inland waterway between the Delaware Bay and the Chesapeake Bay, reports the U.S. Department of Defense (DoD). According to the Army Corps, Philadelphia District, maintenance dredging under this contract will be performed at various locations along the waterway in  […]

  • 1 August 2018
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) has just reported financial results for the three and six months ended June 30, 2018. For the three months ended June 30, 2018, GLDD reported revenue of $150.6 million, net loss from continuing operations of $1.0 million and Adjusted EBITDA from continuing operations of $21.4 million. During the second quarter, GLDD was awarded 46% of […]

  • 13 July 2018
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) confirmed yesterday the receipt of a $69.8 million award on the San Jacinto River in Houston, Texas. This unique and challenging project is the first major Houston-area flood-control project after Hurricane Harvey and will restore a 2 mile-long stretch of the San Jacinto River to its pre-Harvey state. After the storm passed […]

  • 3 May 2018
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) yesterday reported financial results for the quarter ended March 31, 2018. For the first three months GLDD reported revenue of $146.6 million, net loss from continuing operations of $9.3 million and Adjusted EBITDA from continuing operations of $11.7 million. According to the company, excluding the charges relating to GLDD’s previously announced […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 15 September 2017
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Charleston District has awarded the first construction contract for the Charleston Harbor Post 45 Deepening Project. The $47 million contract was awarded to Great Lakes Dredge and Dock Company, LLC. The contract is for new work and maintenance dredging of approximately six million cubic yards of material from the […]

  • 7 July 2017
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Baltimore District, has awarded a $12.7 million Atlantic Coast beach re-nourishment contract to Great Lakes Dredge and Dock Company. According to the U.S. Department of Defense, work will be performed in Ocean City, Maryland, with an estimated completion date of May 16, 2018. The State of Maryland, Worcester County, and […]

  • 28 June 2017
    Business & Finance, Project & Tenders

    The Town of Duck beach nourishment project is in its final stage with some finishing touches being done right now, reports the town. According to the report, Great Lakes Dredge and Dock Company anticipates completion of the project in Duck within the next few days. “Due to the high volume of activity on the beach […]

  • 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 […]

  • 15 May 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation announced last week the commencement of a cash tender offer, subject to the terms and conditions described in the Tender Offer Documents, to purchase any and all of the $275 million aggregate principal amount of its outstanding 7.375% Senior Notes due 2019. GLDD intends to purchase the 2019 Notes in […]

  • 16 February 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) yesterday reported financial results for the quarter ended March 31, 2015. For the quarter, Great Lakes reported revenue of $174.6 million, net loss of $8.4 million, and adjusted EBITDA from continuing operations of $4.4 million. According to GLDD, in the first quarter of 2015, the company was awarded $208 million, […]

  • 16 August 2016
    Business & Finance

    The Toledo-Lucas County Port Authority, Ohio Environmental Protection Agency, Ohio Department of Natural Resources and the City of Toledo held a ribbon cutting ceremony yesterday to mark the grand opening of the new Great Lakes Dredged Material Center for Innovation on Summit Street in north Toledo. The project represents a significant milestone in the reuse of […]

  • 3 May 2016
    Business & Finance

    Great Lakes Dredge & Dock Corporation today reported financial results for the quarter ended March 31, 2016. For the three months ended March 31, 2016, Great Lakes reported revenue of $163.1 million, net loss of $4.0 million and Adjusted EBITDA of $13.0 million. “The Company’s first quarter 2016 results were driven by the domestic dredging business, including strong […]

  • 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 […]

  • 3 June 2014
    Business & Finance, Equipment, Project & Tenders, Technology

    Great Lakes Dredge & Dock Corporation, a provider of dredging services in the United States and internationally, has been awarded a contract for dredging the main channel of the Delaware River. U.S. Army Corps of Engineers awarded the Company a contract worth $25,376,872 to conduct the project in Philadelphia, Pennsylvania. This project involves dredging within […]

  • 19 September 2013
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, New York District awarded a $36.9 million contract to Great Lakes Dredge Dock, LLC of Oak Brook, Illinois to place approximately 1.1 million cubic yards of sand at Keansburg, New Jersey as part of an emergency shore protection project affected by Hurricane Sandy. The contract is part of the […]