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Great Lakes Dredge and Dock Corporation  (GLDD)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $8.6200 $-0.01 -0.116%
Day's High: $8.67 Week Perf: 1.41 %
Day's Low: $ 8.40 30 Day Perf: -9.45 %
Volume (M): 1,447 52 Wk High: $ 9.78
Volume (M$): $ 12,475 52 Wk Avg: $7.44
Open: $8.52 52 Wk Low: $4.75



 Market Capitalization (Millions $) 574
 Shares Outstanding (Millions) 67
 Employees 466
 Revenues (TTM) (Millions $) 554
 Net Income (TTM) (Millions $) -39
 Cash Flow (TTM) (Millions $) -25
 Capital Exp. (TTM) (Millions $) 139

Great Lakes Dredge And Dock Corporation

Great Lakes is the largest provider of dredging services in the United States and is the only U.S. dredging service provider with significant international operations. The Company was founded in 1890 as Lydon & Drews Partnership and performed its first project in Chicago, Illinois. The Company changed its name to Great Lakes Dredge & Dock Company in 1905 and was involved in a number of marine construction and landfill projects along the Chicago lakefront and in the surrounding Great Lakes region. Great Lakes now provides dredging services in the East, West, and Gulf Coasts of the United States and worldwide. The Company also owns specialty contracting service providers which primarily offers environmental, remediation and geotechnical services throughout the United States.

The Company operates in four operating segments that, through aggregation, comprise two reportable segments: dredging and environmental & remediation. Four operating segments were aggregated into two reportable segments as the segments have similarity in economic margins, services, production processes, customer types, distribution methods and regulatory environment. The Company has determined that the operating segments are the Company’s four reporting units.

Dredging generally involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Domestically, our work generally is performed in coastal waterways and deep water ports. The U.S. dredging market consists of four primary types of work: capital, coastal protection, maintenance and rivers & lakes. The Company’s “bid market” is defined as the aggregate dollar value of domestic dredging projects on which the Company bid or could have bid if not for capacity constraints or other considerations.

Coastal protection was previously referred to as beach nourishment. Coastal protection is a more accurate description of this important dredging work that protects valuable infrastructure along the coast lines. Coastal protection projects generally involve moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets. Beach erosion is a continuous problem that has intensified with the rise in coastal development and has become an important issue for state and local governments concerned with protecting beachfront tourism and real estate. Coastal protection via beach nourishment is often viewed as a better response to erosion than trapping sand through the use of sea walls and jetties, or relocating buildings and other assets away from the shoreline. Generally, coastal protection projects take place during the fall and winter months to minimize interference with bird and marine life migration and breeding patterns as well as coastal recreation activities.

The environmental & remediation segment provides soil, water and sediment environmental remediation for clients in both the public and private sectors in the United States. Remediation involves the containment, immobilization or removal of contamination from an environment through the use of any combination of isolation, treatment, or exhumation techniques including off-site disposal based on the quantity and severity of the contamination.



   Company Address: 9811 Katy Freeway Houston 77024 TX
   Company Phone Number: 359-1010   Stock Exchange / Ticker: NASDAQ GLDD
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ORN   -10.34%    
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Contract

Challenges Ahead for Great Lakes Dredge & Dock as Empire Wind Contract Terminated and Sales Figures Fluctuate

Published Thu, Jan 4 2024 9:05 PM UTC

Great Lakes Dredge & Dock Corporation (Great Lakes or the Company) recently announced a significant update regarding its involvement in the Empire Offshore Wind LLC (Empire Wind) project. The company, in collaboration with Van Oord as part of a consortium, has received notice from Empire Wind regarding the termination of the rock installation contract for Empire Wind II. Thi...

Contract

Great Lakes Dredge & Dock Corporation, the leading provider of dredging services in the United States, has announced the receipt of several dredging awards amounting to a substantial $1737 million This achievement solidifies the company's position as an industry leader and demonstrates its ongoing commitment to delivering exceptional services

Published Thu, Dec 28 2023 2:06 PM UTC

Great Lakes Dredge & Dock Corporation, the leading provider of dredging services in the United States, has announced the receipt of several dredging awards amounting to a substantial $173.7 million. This achievement solidifies the company's position as an industry leader and demonstrates its ongoing commitment to delivering exceptional services.These recent accolades come at...

Financing Agreement

Great Lakes Dredge & Dock Co.'s Acadia Advances Towards Funding Milestone, Boosting Offshore Wind Industry Growth

Published Thu, Dec 21 2023 9:05 PM UTC

Great Lakes Dredge & Dock Co. Nears Final Phase for MARAD Title XI Financing Application
Houston, December 21, 2023 - Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the leading provider of dredging services in the United States, is pleased to announce a significant status update on its Maritime Administration (MARAD) Title XI Financing application. The application...

Contract

Great Lakes Dredge & Dock Corporation Secures Third Offshore Wind Contract despite Q3 Revenue Decline

Published Mon, Dec 4 2023 2:01 PM UTC



Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), renowned as the largest provider of dredging services in the United States, has recently made a significant breakthrough by securing a third rock installation contract. This contract entails performing subsea rock cable protection for an offshore wind project along the East Coast of the United States. While this...

Great Lakes Dredge And Dock Corporation

Great Lakes Dredge And Dock Corporation Faces Challenging Waters Amidst Financial Decline in Q3 2023

Great Lakes Dredge And Dock Corporation, a leading provider of dredging and marine services, has experienced a decline in its stock performance over the past 5 days. The stock declined by -1.32%, bringing the year-to-date performance to 30.21%. Currently, the stock is trading on the NASDAQ at a rate of 7.4% above its 52-week average.
The decline in stock performance can be attributed to the company's recent financial report for the quarter ended on September 30, 2023. The report revealed that declining orders have caused an increase in loss for the company. The loss per share rose from $-0.15 to $-0.09, while revenue dropped by -26.092% to $117.03 million. In comparison to the remainder of the Construction Services industry, which recorded a top-line gain during the same period, Great Lakes Dredge And Dock Corporation experienced a decline in revenue.






 

Great Lakes Dredge And Dock's Segments
 
 
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