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Great Lakes Dredge & Dock Corp (GLDD.OQ)

GLDD.OQ on NASDAQ Stock Exchange Global Select Market

5.10USD
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Great Lakes reports Q3 revenue $163.3 mln
Tuesday, 7 Nov 2017 08:00am EST 

Nov 7 (Reuters) - Great Lakes Dredge & Dock Corp :Great lakes reports third quarter results.Q3 revenue $163.3 million.Great Lakes Dredge & Dock Corp - in ‍Q3 of 2017, co recognized a $2.0 million restructuring charge, related entirely to severance​.Great Lakes Dredge & Dock-estimate that restructuring will result in annual EBITDA cost savings of approximately $40 million to be fully realized in 2019​.Great Lakes Dredge & Dock-‍in Q3 co experienced delays due to hurricanes Harvey, Irma, Maria & Jose, causing work stoppage on projects in impacted areas​.Great Lakes Dredge & Dock-‍dredging backlog was $427.8 million at end of Q3, which is a decrease of $39.9 million compared to backlog at december 31, 2016​.Great Lakes Dredge & Dock Corp - expect that E&I segment will remain in an operating loss position for full year 2017​.Great Lakes Dredge & Dock Corp qtrly loss per share attributable to continuing operations​ $‍0.08.Great Lakes Dredge & Dock Corp- ‍total company backlog at september 30, 2017 was $486.0 million​.  Full Article

Great Lakes announces award of $213 mln for Charleston 2 deepening
Monday, 30 Oct 2017 07:06pm EDT 

Oct 30 (Reuters) - Great Lakes Dredge & Dock Corp -:Great Lakes announces award of $213 million Charleston 2 deepening, largest army corps of engineers dredging contract ever awarded.Great Lakes Dredge & Dock Corp says ‍work on project is expected to be completed by end of 2020​.  Full Article

Great Lakes to close out co's Brazil operations in first part of Q4​
Friday, 6 Oct 2017 09:00am EDT 

Oct 6 (Reuters) - Great Lakes Dredge & Dock Corp : :Great Lakes CEO provides business update.Great Lakes Dredge & Dock Corp - ‍changes will result in a restructuring charge of approximately $42-$47 million​.Great Lakes Dredge & Dock Corp - "‍as noted on qtrly earnings call on August 2, we are executing a deep dive into our operational and financial performance"​.Great Lakes Dredge & Dock Corp - ‍majority of charge will be recognized in third and fourth quarters of 2017​.Great Lakes Dredge & Dock Corp - the ‍reductions, majority in fixed costs, expected to generate annual cost savings of about $40 million to be realized in 2019​.Great Lakes Dredge & Dock Corp - ‍sea-trials expected to take about 10 days but may be delayed by tropical storm nate, which is projected to impact gulf of mexico​.Great Lakes Dredge & Dock - ‍as a result of operational review, in first part of Q4, management will execute a plan to close out co's Brazil operations​.Great Lakes Dredge & Dock Corp - ‍commissioning phase of ellis island was impacted by hurricane irma​.  Full Article

Great Lakes announces receipt of $87 million in awarded work, including $47 million award for Charleston i Deepening
Thursday, 14 Sep 2017 05:08pm EDT 

Sept 15 (Reuters) - Great Lakes Dredge & Dock Corp :Great Lakes announces receipt of $87 million in awarded work, including $47 million award for Charleston i Deepening.Great Lakes Dredge & Dock Corp - ‍work on three projects will begin in fall 2017 and be completed in summer 2018​.Great Lakes Dredge & Dock Corp - ‍work on four projects is expected to commence later this year and be completed by march 2020.​.  Full Article

Great Lakes Dredge & Dock Corp Q2 revenue $176.9 mln
Wednesday, 2 Aug 2017 08:00am EDT 

Aug 2 (Reuters) - Great Lakes Dredge & Dock Corp ::Great lakes reports second quarter results.Q2 revenue $176.9 million.Qtrly loss per share $0.02.Great lakes dredge & dock corp - backlog was $52.8 million at end of q2, which is an increase of $15.1 million compared to backlog at december 31, 2016.  Full Article

Great Lakes announces receipt of $26 mln award at Myrtle beach
Monday, 26 Jun 2017 04:01pm EDT 

June 26 (Reuters) - Great Lakes Dredge & Dock Corp -:Great Lakes announces receipt of $26 million award at myrtle beach.Great Lakes Dredge & Dock Corp - work is expected to commence in july of this year and last six months.  Full Article

Great Lakes Dredge & Dock Corp announces pricing of senior note offering
Thursday, 18 May 2017 04:02pm EDT 

May 18 (Reuters) - Great Lakes Dredge & Dock Corp :Great Lakes Dredge & Dock Corporation announces pricing of senior note offering.Great Lakes Dredge & Dock Corp - 2022 notes were priced at par with a coupon rate of 8.000%.  Full Article

Great Lakes Dredge & Dock Corp commences cash tender offer for its senior notes
Friday, 12 May 2017 09:00am EDT 

May 12 (Reuters) - Great Lakes Dredge & Dock Corp -:Great Lakes Dredge & Dock Corporation commences cash tender offer for its 7.375% senior notes due 2019.Great Lakes Dredge & Dock Corp - to purchase any and all of $275 million aggregate principal amount of its outstanding 7.375% senior notes due 2019.Great Lakes Dredge & Dock Corp - intends to purchase 2019 notes in tender offer using a portion of proceeds from company's concurrently private placement.Great Lakes Dredge & Dock Corp - tender offer is being made pursuant to an offer to purchase dated may 12, 2017.Great Lakes Dredge & Dock Corp - tender offer will expire at 5:00 p.m., new york city time, on may 19, 2017.Great Lakes Dredge & Dock - assuming debt offering is consummated, co currently intends to redeem any 2019 notes not purchased pursuant to tender offer.Great Lakes Dredge & Dock- offer, with others, to enable co to extend average maturity,reduce weighted average interest rate of outstanding indebtedness.Great Lakes Dredge - assuming debt offering is consummated, co currently intends to redeem any 2019 notes not purchased pursuant to tender offer.  Full Article

Great Lakes reports Q1 loss per share of $0.27
Wednesday, 3 May 2017 08:00am EDT 

May 3 (Reuters) - Great Lakes Dredge & Dock Corp :Great Lakes reports first quarter results.Q1 revenue $170.6 million.Qtrly loss per share $0.27.Qtrly loss per share from continuing operations $0.06.  Full Article

Lasse Petterson named Chief Executive Officer of Great Lakes
Monday, 1 May 2017 09:00am EDT 

May 1 (Reuters) - Great Lakes Dredge & Dock Corp : :Lasse Petterson named Chief Executive Officer of Great Lakes.Great Lakes Dredge & Dock Corp - Lasse Petterson will assume role of Chief Executive Officer (CEO) on May 1, 2017..  Full Article

BRIEF-Great Lakes Announces Changes To Board Of Directors

* GREAT LAKES DREDGE & DOCK CORP - ‍ BOARD WILL BE INCREASED TO NINE MEMBERS​ Source text for Eikon: Further company coverage: