Great Lakes Reports Fourth Quarter and Full Year 2023 Results
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.
- Lasse Petterson, President and Chief Executive Officer commented, “We ended the year strong with solid fourth quarter results.
- Gross margin percentage increased to 21.3% in the fourth quarter of 2023 from -11.0% in the fourth quarter of 2022 partially due to improved project performance.
- Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future performance.
- Great Lakes' future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.