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 (NASDAQ: GLDD), the U.S. leader in marine construction and dredging services, provides critical infrastructure solutions through coastal protection, waterway maintenance, and environmental projects. This news hub delivers official updates and analysis for stakeholders tracking the company's operational developments.
Access timely updates on government contract awards, coastal resilience initiatives, and strategic expansions into offshore energy markets. Our curated collection includes earnings reports, project milestones, and regulatory filings essential for understanding GLDD's market position.
Key content categories include harbor deepening projects, environmental remediation efforts, and fleet modernization updates. Investors will find detailed coverage of capital allocation strategies and competitive positioning within the global dredging industry.
Bookmark this page for centralized access to verified information about GLDD's specialized vessel operations and their role in maintaining U.S. maritime infrastructure. Check regularly for new developments impacting coastal communities and marine construction markets.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) will release its financial results for the quarter ended March 31, 2023, on May 2, 2023, at 7:00 a.m. CDT. A conference call will follow at 9:00 a.m. CDT. Investors and analysts can pre-register for the call, ensuring immediate access with a unique PIN. Great Lakes, the largest dredging services provider in the U.S., is also expanding into the offshore wind energy sector. With a 133-year history of completing marine projects, the company boasts a diverse fleet of about 200 specialized vessels. Their commitment to safety is reflected in the Incident-and Injury-Free® (IIF®) management program, ensuring a strong workplace culture focused on employee safety.
Ascent Industries Co. (Nasdaq: ACNT) has appointed Bill Steckel as its new chief financial officer, effective immediately. He succeeds Aaron Tam, who resigned from the position. With over two decades of operational finance experience, Steckel previously served as CFO in notable companies, including Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), where he achieved significant revenue and EBITDA growth. His expertise spans across financial planning, analysis, and capital markets. President and CEO Chris Hutter emphasized Steckel's operational mindset and transformative track record that will bolster the company’s efforts towards sustainable growth and enhanced long-term shareholder value. Steckel holds an MBA from Western Illinois University and is a Certified Public Accountant (Inactive).
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has secured multiple dredging contracts totaling $138.8 million. Key awards include:
- Trujillo Alto Design and Build for Lago Loiza, Puerto Rico: $93.1 million
- Townsends Inlet to Cape May Inlet, New Jersey: $28.8 million
- Palm Beach Harbor Maintenance, Florida: $11 million
- South Boca Raton Beach Renourishment, Florida: $5.9 million
The Trujillo Alto project will benefit approximately 171,387 families. Work is expected to start in Spring 2023 and finish by Spring 2025.
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