reports
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2024 F...
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2024 First Quarter Results HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended March 31, 2024 on Tuesday, May 7, 2024 at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T. Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate ac...
Moody's Ratings revises Great Lakes' outlook to stable; affirms B2 CFR
Moody's Ratings (Moody's) affirmed Great Lakes Dredge & Dock Corporation's ("Great Lakes") B2 Corporate Family Rating (CFR), its B2-PD probability of default rating ("PDR"). The rating on the company's senior unsecured notes was downgraded to Caa1 from B3. The speculative grade liquidity ("SGL") rat...
Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement
Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement (“Second Lien Credit Agreement”) with Guggenheim Credit Funding, LLC, on behalf of one or more clients. The Company borrowed $100,000,000 under the Second Lien Credit Agreement on the Closing Date and has the option to draw an ...
Great Lakes Reports Fourth Quarter and Full Year 2023 Results
Great Lakes Reports Fourth Quarter and Full Year 2023 Results Fourth quarter net income of $21.6 millionFourth quarter adjusted EBITDA of $40.8 millionFull year net income of $13.9 millionFull year adjusted EBITDA of $73.0 millionRecord dredging backlog of $1.04 billion at December 31, 2023 HOUSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Resu...
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 F...
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 Fourth Quarter Results HOUSTON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and twelve months ended December 31, 2023 on Wednesday, February 14, 2024 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same day at 9:00 a.m. C.S.T. Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PI...
Great Lakes Provides Update on Empire Wind I and II Contracts
Great Lakes Provides Update on Empire Wind I and II Contracts HOUSTON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Empire Offshore Wind LLC (“Empire Wind”) has informed Great Lakes in consortium with Van Oord (“the Consortium”), of the termination of the rock installation contract for Empire Wind II which was set to commence in 2026. In 2022, the Consortium, was contracted by Empire Wind to perform rock installation for the Emp...
Great Lakes Announces Receipt of $173.7 Million in Awarded Work
Great Lakes Announces Receipt of $173.7 Million in Awarded Work HOUSTON, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the receipt of several dredging awards totaling $173.7 million. The awarded work includes: Sabine-Neches Waterway Channel Improvement Project-Phase 1 (Capital, Texas, $62.8 million)Great Egg Harbor Inlet Beach Renourishment Project (Coastal Protection, New Jersey, $33.8 million)St. Augustine Shore Protection Project (...
Great Lakes Dredge & Dock Co. Announces Significant Status Update on i...
Great Lakes Dredge & Dock Co. Announces Significant Status Update on its Maritime Administration (“MARAD”) Title XI Financing Application HOUSTON, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that its MARAD Title XI Financing application for its offshore wind rock installation vessel, the Acadia, has been updated to the "Completed" category, indicating the loan process is moving towards the final phase. Lasse Petterson, President and Chie...
Third Offshore Wind Rock Installation Contract Awarded to Great Lakes ...
Third Offshore Wind Rock Installation Contract Awarded to Great Lakes Dredge & Dock Corporation HOUSTON, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that it was awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States. The Company’s prior contracts have been for subsea rock installation for foundation stabilization, and this contract represen...
Great Lakes Dredge & Dock to Present at Sidoti December Small Cap Virt...
Great Lakes Dredge & Dock to Present at Sidoti December Small Cap Virtual Conference on Wednesday, December 6, 2023 HOUSTON, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that its President and Chief Executive Officer, Lasse Petterson, and its Senior Vice President, Chief Financial Officer and Treasurer, Scott Kornblau, will be presenting and hosting one-on-one meetings with investors at the Sidoti December Small Cap Virtual Investor Co...
Great Lakes Dredge & Dock to Present at Noble Capital Markets’ 19th An...
Great Lakes Dredge & Dock to Present at Noble Capital Markets’ 19th Annual Emerging Growth Equity Conference on Monday, December 4, 2023 HOUSTON, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, today announced that its President and Chief Executive Officer Lasse Petterson and its Senior Vice President, Chief Financial Officer and Treasurer, Scott Kornblau, will present at NobleCon19 - Noble Capital Markets’ 19th Annual Emerging Growth Equity Conference a...
Great Lakes Reports Third Quarter 2023 Results
Great Lakes Reports Third Quarter 2023 Results Third quarter net loss of $6.2 millionThird quarter adjusted EBITDA of $5.3 millionDredging backlog of $1.03 billion at September 30, 2023 HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter ended September 30, 2023. Third Quarter 2023 Highlights Revenue was $117.2 million for the third quarterTotal operating loss was $5.1 million for the ...
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 T...
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 Third Quarter Results HOUSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2023 on Tuesday, November 7, 2023 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same day at 9:00 a.m. C.S.T. Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to ...
Great Lakes Announces Delivery of Their Multi Cats, the Cape Hatteras ...
Great Lakes Announces Delivery of Their Multi Cats, the Cape Hatteras and the Cape Canaveral HOUSTON, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the delivery of the Cape Hatteras and the Cape Canaveral, the two Damen 3013 Multi Cats built by Conrad Shipyard in Morgan City, LA. Chris Gunsten, Great Lakes’ Senior Vice President of Project Services and Fleet Engineering, commented on the improvements the Cape Hatteras and Cape Canavera...
Great Lakes Announces Participation in Noble Capital Markets C-Suite I...
Great Lakes Announces Participation in Noble Capital Markets C-Suite Interview Series HOUSTON, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, today announced their participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek. Great Lakes Dredge & Dock (GLDD) President & CEO, Lasse Petterson, and SVP, CFO and Treasurer, Scott Kornblau sat down with Noble Capital Markets Senior Research Analyst, Joe Gomes, for this exclusiv...
Great Lakes Announces Receipt of $177 Million in Awarded Work; Dredgin...
Great Lakes Announces Receipt of $177 Million in Awarded Work; Dredging Backlog at Approximately $1.1 Billion to Date HOUSTON, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the receipt of several dredging awards totaling $177 million. The awarded work includes: Orange Beach, Gulf State Park, Gulf Shores Engineered Beach Renourishment Project (Coastal Protection, Alabama, $32.8 million)Fire Island Inlet to Montauk Inlet, PL 84-99 ...
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