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Great Lakes Dredge and Dock Corporation  (NASDAQ: GLDD)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $11.0000 $-0.12 -1.079%
Day's High: $11.21 Week Perf: -6.38 %
Day's Low: $ 10.91 30 Day Perf: -6.54 %
Volume (M): 320 52 Wk High: $ 12.89
Volume (M$): $ 3,522 52 Wk Avg: $9.94
Open: $11.18 52 Wk Low: $6.55



 Market Capitalization (Millions $) 746
 Shares Outstanding (Millions) 68
 Employees 364
 Revenues (TTM) (Millions $) 740
 Net Income (TTM) (Millions $) 59
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 155

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   -14.78%    
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Management Announcement

Great Lakes Dredge & Dock Secures $182 Million in New Contracts, Shows Significant ROA Improvement in Q3 2024

Published Thu, Dec 19 2024 2:06 PM UTC

In a major boost for the company and the U.S. dredging industry, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) recently announced it has received new dredging awards totaling $182 million. This announcement, made on December 19, 2024, underscores Great Lakes leading position in the American dredging market and reflects the growing demand for its services, as the year...

Product Service News

Great Lakes Dredge & Dock Corporation to Discuss Strategic Resilience Amidst Revenue Decline in Noble Capi...

Published Mon, Sep 9 2024 1:01 PM UTC

HOUSTON, Sept. 09, 2024 - Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced its participation in the Noble Capital Markets C-Suite Interview Series, presented by Channelchek. This platform will give Great Lakes the opportunity to discuss their strategic initiatives, operational insights, and futur...

Management Announcement

Great Lakes Dredge & Dock Corporation Secures Strong Upgrade in Credit Rating by S&P Global Ratings, Reflecting Impressive Year to Performance

Published Thu, Aug 29 2024 8:30 PM UTC



HOUSTON, Aug. 29, 2024 - Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the leading provider of dredging services in the United States, has reason to celebrate as it proudly announces a significant upgrade in its issuer credit rating by S&P Global Ratings (S&P). With this recent development, the Company s credit rating has soared from CCC+ to B-, a testament...

Product Service News

Great Lakes Reels in $256.2 Million in High-Profile Dredging Contracts,

Published Mon, Aug 26 2024 1:06 PM UTC

HOUSTON, Aug. 26, 2024 - Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the premier provider of dredging services in the United States, has announced a significant milestone in its business operations. The company has successfully secured dredging awards totaling an impressive $256.2 million. This substantial accumulation of contracts positions Great Lakes as a domin...

Financing Agreement

Great Lakes Dredge & Dock Corporation's Financial Agreement Signals Positive Future Prospects

Published Wed, Apr 24 2024 8:01 PM UTC



In a recent press release, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has announced their entry into a $150,000,000 5-year, senior secured second-lien credit agreement with Guggenheim Credit Funding, LLC. This agreement signifies a significant financial opportunity for the company and is expected to bolster their future business endeavors. However, it is ...







Great Lakes Dredge And Dock's Segments





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