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Great Lakes Dredge & Dock Corp (GLDD.OQ)

GLDD.OQ on NASDAQ Stock Exchange Global Select Market

5.20USD
14 Dec 2017
Change (% chg)

$-0.45 (-7.96%)
Prev Close
$5.65
Open
$5.65
Day's High
$5.65
Day's Low
$5.20
Volume
42,571
Avg. Vol
55,484
52-wk High
$5.70
52-wk Low
$3.62

Latest Key Developments (Source: Significant Developments)

Great Lakes reports Q3 revenue $163.3 mln
Tuesday, 7 Nov 2017 

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 

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 reports Q1 loss per share $0.09
Thursday, 4 Aug 2016 

Great Lakes Dredge & Dock Corp : Great lakes concludes strategic review with Greenhill & Co.; reports second quarter results . Q2 revenue $192.2 million versus I/B/E/S view $222.1 million . Dredging backlog was $622.6 million at end of Q2, which is a decrease of $55.1 million compared to backlog at December 31, 2015 . Qtrly loss per share $0.09 . To sell assets associated with certain services lines of terra contracting services, llc business for a minimum $11.5 million .Q2 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S.  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: