Last €6.55 EUR
Change Today +0.01 / 0.15%
Volume 0.0
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As of 2:00 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

great lakes dredge & dock co (5GL) Snapshot

Open
€6.55
Previous Close
€6.54
Day High
€6.55
Day Low
€6.55
52 Week High
01/6/14 - €6.69
52 Week Low
10/13/14 - €4.53
Market Cap
393.8M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
60.1M
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 Receipts Two New Jersey Coastal Projects and the Arthur Kill Channel Deepening Project

Great Lakes Dredge & Dock Corporation announced the receipt of two awards for projects along the New Jersey shore with an aggregate value of over $185 million, with additional options still to be awarded valued at over $25 million, and a deepening project in the Arthur Kill Channel located between New Jersey and Staten Island valued at over $25 million. The New Jersey shore projects will provide risk reduction to coastal regions and reduce impacts from future storms. The projects are being funded by the Super Storm Sandy Supplemental Appropriations Bill that was signed into law in the wake of 2012 Super Storm Sandy. The Great Egg Harbor Inlet to Townsends Inlet, NJ award, valued at $58 million with potential options still to be awarded of $10 million, includes dredging 1.6 million cubic yards of sand from an offshore borrow area and pumping it to shore to create berms and dunes along 10 miles of beach. This stretch of the coast includes Ocean City, Uppertownship and Sea Isle. The second award, Long Beach Island /Barnegat Inlet to Little Egg Harbor Inlet, includes dredging over 8.0 million cubic yards of sand to build berms and dunes across a 12.5 mile stretch of coastline. This award is valued at $128 million, with over $15 million in options still to be awarded. Great Lakes will mobilize multiple dredging vessels to complete these projects. The berms and dunes that Great Lakes will build will help to fortify the coast, protect the communities along the New Jersey shore and reduce future damage. The $25 million award for the Arthur Kill Channel Navigation project involves deepening the channel between Staten Island, New York and Union County, New Jersey from its existing 35 feet depth to a depth of 40 feet. The work involves the excavation of silt, glacial till and red shale rock requiring subaqueous drilling and blasting. The $25 million award for the Arthur Kill Channel Navigation project involves deepening the channel between Staten Island, New York and Union County, New Jersey from its existing 35 feet depth to a depth of 40 feet. The work involves the excavation of silt, glacial till and red shale rock requiring subaqueous drilling and blasting.

Great Lakes Dredge and Dock Co. Wins Contract to Complete the Initial Construction of the Long Beach Island Coastal Storm Damage Reduction Project

Great Lakes Dredge and Dock Co. won the contract to complete the initial construction of the Long Beach Island Coastal Storm Damage Reduction project, a joint effort of the ACE Philadelphia District and the N.J. Department of Environmental Protection contract value: $128 million. A notice to proceed will be issued to Great Lakes prior to the end of the year. The company will have 480 days from that date to complete the awarded contract work. Work is expected to conclude by May 2016.

Great Lakes Dredge & Dock Corp. Prices $25 Million of Senior Notes Due 2019

Great Lakes Dredge & Dock Corp. reported that it has priced its previously announced offering of $25 million in aggregate principal amount of its 7.375% Senior Notes due 2019 and entered into an agreement to sell the Notes. The closing of the offering is expected to occur on November 24, subject to customary closing conditions. The company announced that the Notes were priced at 99.500% of face value, plus pre-issuance accrued and unpaid interest from August 1. The Notes will mature on February 1, 2019. The Notes will constitute a further issuance of and be consolidated and form a single series with the company's previously issued 7.375% Senior Notes due 2019 in the aggregate principal amount of $250,000,000, except that the Notes will not be registered under the Securities Act of 1933, as amended, and will have transfer restrictions, registration rights and rights to special interest that are not applicable to the Outstanding Notes and the Notes will have a separate CUSIP number from that of the Outstanding Notes. Great Lakes intends to use the net proceeds from the offering of the Notes to repay indebtedness incurred under its senior secured revolving credit facility in connection with the recently announced acquisition of Magnus Pacific Corp., and for general corporate purposes.

 

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5GL

Industry Average

Valuation 5GL Industry Range
Price/Earnings 90.3x
Price/Sales 0.7x
Price/Book 2.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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