Welcome to our dedicated page for Great Lakes Dredge & Dock news (Ticker: GLDD), a resource for investors and traders seeking the latest updates and insights on Great Lakes Dredge & Dock stock.
Great Lakes Dredge & Dock Corporation is a dredging-services company that became a wholly owned subsidiary of Saltchuk Resources after a completed cash acquisition in 2026. News about GLDD centers on the completed tender offer and merger, the end of Nasdaq trading in its common stock, delisting and deregistration steps, and debt tender-offer and consent-solicitation activity tied to its senior notes.
Coverage also includes transaction-related shareholder matters, material agreements, operating and financial results, capital-structure disclosures, and corporate governance updates.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is set to present at the Noble Capital Markets Virtual Roadshow on July 15, 2020, at 10 a.m. CDT. CEO Lasse Petterson and CFO Mark Marinko will lead the presentation followed by a live Q&A session. Registration is free, but limited to 100 participants. With over 130 years in operation, Great Lakes is the largest U.S. dredging services provider, boasting a diverse fleet of over 200 specialized vessels. The company emphasizes safety through its Incident-and Injury-Free® program, ensuring a high standard of employee welfare.
Great Lakes Dredge & Dock Corporation (GLDD) has secured several dredging awards totaling $51.1 million. Key projects include:
- CPRA Cameron Meadows Marsh Creation Project (Coastal Protection, Louisiana, $28.6 million)
- Oak Island Beach Project (Coastal Protection, North Carolina, $15.4 million)
- New York and New Jersey Harbor Maintenance Dredging (New Jersey, $4.2 million)
- Jacksonville Harbor Maintenance Dredging (Florida, $2.9 million)
Work on these projects is set to begin in the fourth quarter of 2020, with maintenance dredging starting in July 2020.
Great Lakes Dredge & Dock Corporation (GLDD) reported strong Q1 2020 results, with net income from continuing operations at $34.0 million, reflecting a 13% increase year-over-year. Adjusted EBITDA surged to $61.4 million, up from $43.9 million the previous year. Revenue reached $217.7 million, a $25.1 million increase from Q1 2019, driven by robust project performance. The company's cash position was $207.5 million, maintaining a net debt to EBITDA ratio of 0.75x. Despite COVID-19 challenges, operations remain uninterrupted.
Summary not available.
Summary not available.