Last $7.01 USD
Change Today +0.06 / 0.86%
Volume 215.4K
GLDD On Other Exchanges
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As of 3:21 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

great lakes dredge & dock co (GLDD) Snapshot

Open
$6.95
Previous Close
$6.95
Day High
$7.03
Day Low
$6.88
52 Week High
03/10/14 - $9.44
52 Week Low
09/16/14 - $6.88
Market Cap
417.9M
Average Volume 10 Days
159.8K
EPS TTM
$0.04
Shares Outstanding
60.0M
EX-Date
02/25/14
P/E TM
182.8x
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 & Dock Corporation Presents at D.A. Davidson Engineering & Construction Conference, Sep-09-2014

Great Lakes Dredge & Dock Corporation Presents at D.A. Davidson Engineering & Construction Conference, Sep-09-2014 . Venue: Omni San Francisco Hotel, San Francisco, California, United States.

Great Lakes Dredge & Dock Corporation Announces Receipt of Dredging Contract

Great Lakes Dredge & Dock Corporation announced the receipt of a dredging contract valued at over $30 million to widen the entrance and jetty channels of the Freeport Ship Channel near Freeport, Texas. Approximately 4.5 miles of channel will be widened by 200 feet, enabling larger ships to safely navigate the 600 feet-wide channel. A portion of the dredged material is planned to be beneficially used to nourish the coastline in Quintana, TX. Work on the project is scheduled to commence in October 2014. Some of the petrochemical and plastics production complexes in the world are located at Port Freeport and are expected to benefit from the economic efficiencies that the wider channel will provide, contributing to job retention and creation as well as greater opportunities for the local community.

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.

 

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GLDD

Industry Average

Valuation GLDD Industry Range
Price/Earnings 30.9x
Price/Sales 0.5x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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