Last $7.37 USD
Change Today +0.01 / 0.14%
Volume 187.0K
GLDD On Other Exchanges
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As of 5:20 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

great lakes dredge & dock co (GLDD) Snapshot

Open
$7.39
Previous Close
$7.36
Day High
$7.40
Day Low
$7.27
52 Week High
03/10/14 - $9.44
52 Week Low
08/8/13 - $6.28
Market Cap
440.8M
Average Volume 10 Days
332.2K
EPS TTM
$-0.19
Shares Outstanding
59.8M
EX-Date
12/19/12
P/E TM
--
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 & Dock Corporation Receives $35 Million Land Reclamation Contract in Bahrain

Great Lakes Dredge & Dock Corporation announced the award of a contract valued at approximately $35 million with the Ministry of Works in Bahrain. The contract encompasses phases one and two of a development project within Hidd Port. Under this contract, Great Lakes will dredge 5.8 million cubic meters to build a 156 acre footprint on which a factory and additional facilities will be built. Great Lakes plans to use three hoppers and one hydraulic dredge to complete the project on an expedited timeframe. Phase one of the project has a target completion date of late fall 2014 while phase two will be completed by the end of the first quarter in 2015. Great Lakes will mobilize immediately to commence work on this project.

Great Lakes Dredge & Dock Corporation Receives Two Dredging Contracts Worth $39.6 Million

Great Lakes Dredge & Dock Corporation has received two dredging contracts with a combined value of $39.6 million to deepen the main channel of the Delaware River in Philadelphia, Pennsylvania. Great Lakes will use a combination of hopper and clamshell vessels to dredge over one million cubic yards to deepen a section of the river from 40 feet to 45 feet. Great Lakes deepened a different section of the Delaware River two years ago and is looking forward to continuing its efforts to deepen the river's navigation channel. Dredging is expected to begin this summer. The US Army Corps of Engineers Wilmington District recently awarded a $19.9 million contract to GLDD to provide dredging services to protect Highway 12, the only north-south highway along North Carolina's Outer Banks. This coastal protection project involves placing approximately 1.7 million cubic yards of beachfill material immediately north of the Mirlo Beach community in Rodanthe, NC. This stretch of beach suffered severe beach erosion, dune loss and damage as a result of Super Storm Sandy in 2012. Great Lakes' cutter suction dredge Illinois is presently preparing to mobilize to the site to provide this much needed coastal protection. Mirlo Beach is one of many communities along the East Coast that need to rebuild and restore in the aftermath of Super Storm Sandy. Great Lakes has already completed four major Sandy coastal protection projects within the past 12 months.

Great Lakes Dredge & Dock Corporation Announces Award of Three Contracts Totaling $59.5 Million

Great Lakes Dredge & Dock Corporation announced the receipt of two dredging contracts with a combined value of $39.6 million to deepen the main channel of the Delaware River in Philadelphia, Pennsylvania. Great Lakes will use a combination of hopper and clamshell vessels to dredge over one million cubic yards to deepen a section of the river from 40 feet to 45 feet. Great Lakes deepened a different section of the Delaware River two years ago and is looking forward to continuing its efforts to deepen the river's navigation channel. The U.S. Army Corps of Engineers Wilmington District recently awarded a $19.9 million contract to GLDD to provide dredging services to protect Highway 12, the only north-south highway along North Carolina's Outer Banks. This coastal protection project involves placing approximately 1.7 million cubic yards of beachfill material immediately north of the Mirlo Beach community in Rodanthe, NC. This stretch of beach suffered severe beach erosion, dune loss and damage as a result of Super Storm Sandy in 2012.

 

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GLDD

Industry Average

Valuation GLDD Industry Range
Price/Earnings 33.1x
Price/Sales 0.6x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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