Last $8.17 USD
Change Today +0.02 / 0.25%
Volume 335.2K
GLDD On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

great lakes dredge & dock co (GLDD) Snapshot

Open
$8.15
Previous Close
$8.15
Day High
$8.19
Day Low
$8.03
52 Week High
03/10/14 - $9.44
52 Week Low
10/10/14 - $5.84
Market Cap
491.3M
Average Volume 10 Days
347.2K
EPS TTM
$0.04
Shares Outstanding
60.1M
EX-Date
02/25/14
P/E TM
227.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for GREAT LAKES DREDGE & DOCK CO (GLDD)

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great lakes dredge & dock co (GLDD) 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.

great lakes dredge & dock co (GLDD) 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 (GLDD) Key Developments

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.

Great Lakes Dredge & Dock Corporation Commences Offering of 7.375% Senior Notes Due 2019

Great Lakes Dredge & Dock Corporation announced that it intends to offer up to $25 million in aggregate principal amount of 7.375% Senior Notes due 2019 (the Notes). The Notes, if issued, would be senior unsecured obligations of the Company and its subsidiaries that guarantee the Notes. Each of the Company's existing and future wholly owned domestic subsidiaries that guarantees its senior secured revolving credit facility would unconditionally guarantee the Notes. The Notes are expected to 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 (the "Outstanding Notes"), except that (i) the Notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and will have transfer restrictions, registration rights and rights to special interest that are not applicable to the Outstanding Notes and (ii) 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 Corporation, and for general corporate purposes. The offering will be made to qualified institutional buyers pursuant to Rule 144A and to certain persons outside the United States pursuant to Regulation S, each under the Securities Act.

 

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GLDD

Industry Average

Valuation GLDD Industry Range
Price/Earnings 86.8x
Price/Sales 0.6x
Price/Book 2.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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