GLDD

Great Lakes Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024
GLDD, Investment, PSLRA, Growth, Texas Coastal Bend, Cape Hatteras, Wind, Climate change, House, Legislation, Public utility, Disposal, Cape, Empire Wind, MBE, Water resources, GAAP, Ecosystem, Congress, Security (finance), Cyclone, State, Senate, Depreciation, DBE, Water, Language, PPA, Adjustment, Safety, Public expenditure, River, Insurance, Acquisition, Inflation, Power purchase agreement, PIN, Annual report, Corps, Disaster, Government, Projection, WRDA, BP, Policy, Reputational damage, Liquefied natural gas, Infection, Video game

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.

Key Points: 
  • 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.

Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 Fourth Quarter Results

Retrieved on: 
Wednesday, February 7, 2024
PIN, Safety, Wind, GLDD

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.

Key Points: 
  • 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.
  • Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations.

Great Lakes Provides Update on Empire Wind I and II Contracts

Retrieved on: 
Thursday, January 4, 2024
Consortium, PSLRA, Wind, Empire, Safety, GLDD, Security (finance), Empire Wind, Senior

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.

Key Points: 
  • 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 Empire Wind I and II projects with installation windows in 2025 and 2026, respectively.
  • However, Empire Wind has informed the Consortium that they have terminated the Empire Wind II rock installation contract that was set to commence in 2026.
  • Termination of the Empire Wind II project initiates a contractually obligated termination fee payable to the Consortium that is intended to cover lost earnings potential related to Empire Wind II.

Great Lakes Announces Receipt of $173.7 Million in Awarded Work

Retrieved on: 
Thursday, December 28, 2023
PSLRA, Wind, Manager, Engineer, Capital, Tourism, Safety, GLDD, Corps, Security (finance), Atchafalaya Basin, Environment, Dredging

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.

Key Points: 
  • 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 base contract for $11.1 million was awarded but the project still has $6.8 million in open options pending award.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.
  • Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially.

Great Lakes Dredge & Dock Co. Announces Significant Status Update on its Maritime Administration (“MARAD”) Title XI Financing Application

Retrieved on: 
Thursday, December 21, 2023
PSLRA, Wind, Joe Biden, Wind power, MARAD, Title, Philly Shipyard, Safety, GLDD, Security (finance), Dredging

Great Lakes’ Senior Vice President of Offshore Wind, Eleni Beyko commented, "The demand for installation vessels is strong both in the domestic and the international offshore wind markets.

Key Points: 
  • Great Lakes’ Senior Vice President of Offshore Wind, Eleni Beyko commented, "The demand for installation vessels is strong both in the domestic and the international offshore wind markets.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.
  • Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially.

Third Offshore Wind Rock Installation Contract Awarded to Great Lakes Dredge & Dock Corporation

Retrieved on: 
Monday, December 4, 2023
PSLRA, Wind, Philly Shipyard, Transport, Safety, Employment, GLDD, Security (finance), Senior, Dredging

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.

Key Points: 
  • 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.
  • Eleni Beyko, Senior Vice President, Offshore Wind at Great Lakes, commented, “This award further solidifies Great Lakes’ entry into the U.S. offshore wind market with another major project award.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.

Great Lakes Dredge & Dock to Present at Sidoti December Small Cap Virtual Conference on Wednesday, December 6, 2023

Retrieved on: 
Tuesday, November 28, 2023
Wind, Senior, Conference, Safety, GLDD, Cryptocurrency

Great Lakes will also host virtual one-on-ones with investors on Wednesday, December 6, 2023.

Key Points: 
  • Great Lakes will also host virtual one-on-ones with investors on Wednesday, December 6, 2023.
  • Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations.

Great Lakes Dredge & Dock to Present at Noble Capital Markets’ 19th Annual Emerging Growth Equity Conference on Monday, December 4, 2023

Retrieved on: 
Monday, November 27, 2023
Conference, Wind, Catalog, Florida Atlantic University, Webcast, Safety, Capital, GLDD, Senior

Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States.

Key Points: 
  • Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels.
  • Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations.

Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 Third Quarter Results

Retrieved on: 
Tuesday, October 31, 2023
Lake, Safety, Wind, Safety management system, PIN, GLDD

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.

Key Points: 
  • 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.
  • Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations.

Great Lakes Announces Delivery of Their Multi Cats, the Cape Hatteras and the Cape Canaveral

Retrieved on: 
Tuesday, October 10, 2023
Multi, Safety management system, Cape Canaveral, Wind, Corps, Risk, GLDD, Safety, Cape, Derrick, PSLRA, EPA, U.S. Coast Guard environmental protection, Damen, Cat, United Nations Office for Project Services, Lake, United States Army Corps of Engineers, Security (finance), Dredging, Cape Hatteras

Chris Gunsten, Great Lakes’ Senior Vice President of Project Services and Fleet Engineering, commented on the improvements the Cape Hatteras and Cape Canaveral will represent, “This is a milestone for our Company and the U.S. dredging industry.

Key Points: 
  • Chris Gunsten, Great Lakes’ Senior Vice President of Project Services and Fleet Engineering, commented on the improvements the Cape Hatteras and Cape Canaveral will represent, “This is a milestone for our Company and the U.S. dredging industry.
  • The Multi Cat brings step change safety improvements to Great Lakes’ dredge pipeline operations, which was a prime driver for the investment.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.
  • Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially.