Last €5.42 EUR
Change Today +0.006 / 0.11%
Volume 0.0
5GL On Other Exchanges
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As of 2:00 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

great lakes dredge & dock co (5GL) Snapshot

Open
€5.42
Previous Close
€5.41
Day High
€5.42
Day Low
€5.42
52 Week High
01/6/14 - €6.69
52 Week Low
08/22/13 - €4.94
Market Cap
324.7M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
60.0M
EX-Date
02/25/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GREAT LAKES DREDGE & DOCK CO (5GL)

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great lakes dredge & dock co (5GL) Details

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. It operates in two segments, Dredging and Environmental & Remediation. The Dredging segment is involved in capital dredging that consists of port expansion projects, land reclamations, trench digging for pipelines, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. This segment is also involved in channel deepening and port infrastructure development; coastal protection projects, which involve moving sand from the ocean floor to shoreline locations; and re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments, as well as lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. This segment serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. The Environmental & Remediation segment provides soil, water, and sediment environmental remediation for the municipal and private party markets, as well as industrial cleaning, abatement, and hazardous waste removal services. This segment serves general contractors, corporations, Superfund potentially responsible parties, environmental engineering and construction firms, and local government and municipal agencies. The company operates a fleet of 32 dredges, including 9 deployed internationally; 19 material transportation barges; 2 drill boats, and various other specialized support vessels. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Oak Brook, Illinois.

Founded in 1890

great lakes dredge & dock co (5GL) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $500.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $275.0K
President of Dredging Operations
Total Annual Compensation: $337.0K
President of The Rivers & Lakes Division
Total Annual Compensation: $250.0K
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $303.0K
Compensation as of Fiscal Year 2013.

great lakes dredge & dock co (5GL) Key Developments

Great Lakes Dredge & Dock Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Great Lakes Dredge & Dock Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenue increased 25.5% to $184.7 million in the second quarter of 2014 compared to $147.1 million in the second quarter of 2013. Operating income decreased 11.7% to $10.3 million from $11.6 million in the same period in 2013. Income from continuing operations was $3.9 million, $0.1 million higher than the same period in the prior year and includes a $2.2 million noncash bargain purchase gain related to a small acquisition in environmental & remediation segment. Net loss (which includes both continuing and discontinued businesses) was $1.4 million and was driven by a $5.3 million loss on discontinued operations. In the prior year period, net loss was $25.2 million, which included a noncash charge for goodwill impairment related to the historical demolition business. Adjusted EBITDA from continuing operations was $19.8 million, a 9.9% decrease from $22.0 million in the same period in the prior year, with the prior year quarter positively impacted from the $13.3 million settlement proceeds discussed previously. Diluted earnings per share attributable to continuing operations was $0.06 against $0.06 a year ago. Diluted loss per share attributable to company was $0.02 against $0.42 a year ago. Revenue increased 9.7% to $359.1 million for the six months ended June 30, 2014, compared to $327.3 million in six months ended June 30, 2013. Operating income was $13.2 million, down from $26.1 million in the prior year. The $13.3 million loss of use claim in the prior year primarily accounts for the decrease in 2014. Income from continuing operations was $1.4 million compared to $8.5 million in the prior year, with the primary driver being the $13.3 million settlement proceeds in 2013 previously discussed, offset by a current year $2.2 noncash bargain purchase gain. Net loss (which includes both continuing and discontinued businesses) was $6.6 million compared to a loss of $24.8 million in the same period in the prior year. Adjusted EBITDA from continuing operations was $31.8 million, a decrease of 32.9% from $47.4 million over the same period in the prior year with the prior year positively impacted from the $13.3 million settlement proceeds discussed previously. Diluted earnings per share attributable to continuing operations was $0.02 against $0.14 a year ago. Diluted loss per share attributable to company was $0.11 against $0.41 a year ago.

Great Lakes Dredge & Dock Corporation Elects Michael J. Walsh as Director and Member of Compensation Committee

The Board of Directors of Great Lakes Dredge & Dock Corporation elected Major General (Ret.) Michael J. Walsh as a director and appointed him to the company's Compensation Committee, effective immediately. Walsh currently serves as Vice President -- Water Resources and Coastal Resiliency at Dewberry, a privately held professional services firm, based in Fairfax, VA. He previously served as Deputy Commanding General for Civil and Emergency operations for the U.S. Army Corps of Engineers from 2011 to 2013.

Great Lakes Dredge & Dock Corporation to Report Q2, 2014 Results on Aug 05, 2014

Great Lakes Dredge & Dock Corporation announced that they will report Q2, 2014 results at 7:00 AM, Central Daylight on Aug 05, 2014

 

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5GL

Industry Average

Valuation 5GL Industry Range
Price/Earnings 32.7x
Price/Sales 0.6x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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