United Kingdom

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​. 

Company Quote

-0.08 -0.78%
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