Search results for: Great Lakes Dredge

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  • 31 July 2019
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended June 30, 2019. According to the company’s Chief Executive Officer, Lasse Petterson, the second quarter was another active period for GLDD, marking their fourth consecutive quarter showing improvement in both revenue and adjusted EBITDA from continuing operations when comparing to […]

  • 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 […]

  • 26 January 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today announced that Lawrence R. Dickerson and D. Michael Steuert have been appointed to the Board of Director’s 2019 director class, effective January 24, 2017. Mr. Dickerson has been appointed to the Compensation Committee, and Mr. Steuert has been appointed to the Audit Committee. With the addition of […]

  • 2 November 2016
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended September 30, 2016. For the three months ended September 30, 2016, Great Lakes reported revenue of $198.9 million, net income of $4.6 million and Adjusted EBITDA of $29.1 million. The company recorded the following one-time items during the quarter, positively impacting EBITDA: an […]

  • 30 November 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) today announced that Kathleen M. Shanahan and Ronald R. Steger have been appointed to the Board of Directors’ 2018 and 2019 director classes, respectively, effective as of the company’s 2018 annual meeting to be held in May. In addition, at that time, the Board will be increased to […]

  • 2 May 2017
    Business & Finance

    The Board of Directors of Great Lakes Dredge & Dock Corporation (GLDD) announced yesterday that Lasse Petterson will assume the role of Chief Executive Officer (CEO) on May 1, 2017. Chairman of the Board Robert Uhler stated: “As expected, since becoming a Board Member late in 2016, his background, reputation and character have enabled him […]

  • 7 April 2014
    Business & Finance, Equipment, Technology

    Sen. Carl Levin, D-Mich., co-chair of the Senate Great Lakes Task Force, led members of the task force in urging Senate appropriators to fund critical Great Lakes programs as they consider spending bills for the 2015 fiscal year. In five letters to Senate Appropriations subcommittee chairmen, Great Lakes senators highlighted programs that preserve and protect […]

  • 15 July 2014
    Business & Finance

    The U.S. House of Representatives has sent another clear signal that it is committed to ending the dredging crisis on the Great Lakes. An amendment to the Energy & Water Appropriations bill mandates that the Great Lakes Navigation System gets the 10 percent of increased funding for dredging that is promised in the Water Resources […]

  • 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, […]

  • 14 February 2013

     U.S. Representative Candice Miller (MI-10) issued the following statement after the Michigan State Waterways Commission approved emergency spending for Great Lakes Harbor Dredging in line with a plan put forward by Governor Snyder.  Miller said: “I applaud the quick action taken today by the Michigan State Waterways Commission on the first step in the plan […]

  • 24 November 2017
    Business & Finance, Project & Tenders

    Crews with Great Lakes Dredge and Dock are making good progress with the removal of sediment from the bottom of Lake Decatur. According to Matt Newell, interim director of the Decatur Public Works Department, the works are progressing well in Basin 3, between U.S. 36 and East William Street Road, and will shut down for the year before […]

  • 27 November 2013
    Business & Finance

    U.S. Senator Rob Portman (R-Ohio) joined twelve of his colleagues from Great Lakes states in sending a letter to leaders of a House-Senate conference committee considering major water resources legislation, asking them to include funding for vital Great Lakes navigation projects as they resolve differences between House and Senate bills. In the letter, Portman and […]

  • 13 August 2013
    Business & Finance

    Analysts at Barclays Capital reduced their target price on shares of Great Lakes Dredge & Dock Corp. from $9.00 to $8.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. Barclays Capital’s target price points to a potential upside of 15.94% from the stock’s previous close. Great Lakes Dredge & Dock […]

  • 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 […]

  • 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 […]

  • 29 January 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock will begin mobilizing land- and water-based pipe, heavy equipment, personnel, etc. towards the latter parts of February, and although the schedule is tentative, the Post Florence Renourishment Project could begin the first week of March, reports the Carteret County Shore Protection Office. The Post Florence scheme will utilize 945,446 cubic yards of […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 2 March 2010
    Business & Finance

    SmarTrend identified a Downtrend for Great Lakes Dredge & Dock (NASDAQ: GLDD) on February 05, 2010 at $5.43. In approximately 4 weeks, Great Lakes Dredge & Dock has returned 18.4% as of today’s recent price of $4.43… [mappress] Source: Trading Markets, March 2, 2010

  • 26 November 2015
    Business & Finance

    The U.S. Army Corps of Engineers, Philadelphia District, has just released an updated schedule for the Long Beach Island beach replenishment scheme. The Army Corps’ contractor, Great Lakes Dredge & Dock Company, mobilized two dredges, the Padre Island and the Dodge Island, for this bechfill program, which is a joint effort between the Corps and the New Jersey […]

  • 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 […]

  • 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 […]

  • 4 January 2019
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of a $93 million contract award for the Corpus Christi Ship Channel Improvement Project. According to GLDD, the dredging to deepen the entrance channel will begin during the second quarter of 2019 with completion expected in early 2020. The overall ship channel deepening effort […]

  • 6 January 2017
    Business & Finance, Project & Tenders

    Great Lakes Dredge & Dock Corporation (GLDD) announced yesterday that the Board of Directors accelerated the date of retirement of CEO, Jonathan W. Berger, to January 3, 2017. As previously announced, Mr. Berger had been expected to retire no later than April 17, 2017. His retirement follows the December 27, 2016 announcement of the appointment of […]

  • 9 January 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) announced recently that it has closed on a $250 million three year revolving credit facility. PNC Bank, National Association (PNC) acted as Administrative Agent and Issuing Lender, reported GLDD. The bank group consists of PNC, The PrivateBank and Trust Company, Suntrust Robinson Humphrey, Inc., Capital One, Bank of […]