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Last $5.49 USD
Change Today +0.225 / 4.28%
Volume 181.7K
GLDD On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 3:03 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

great lakes dredge & dock co (GLDD) Snapshot

Open
$5.35
Previous Close
$5.26
Day High
$5.50
Day Low
$5.22
52 Week High
12/30/14 - $8.73
52 Week Low
07/31/15 - $5.00
Market Cap
332.0M
Average Volume 10 Days
261.5K
EPS TTM
$0.27
Shares Outstanding
60.5M
EX-Date
02/25/14
P/E TM
20.4x
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 also engages 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 31 dredges, including 9 deployed internationally; 23 material transportation barges; and various other 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, President and Execut...
Total Annual Compensation: $575.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $156.9K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $320.0K
President of Dredging Operations
Total Annual Compensation: $337.0K
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2014.

great lakes dredge & dock co (GLDD) Key Developments

Great Lakes Dredge & Dock Corporation Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-27-2015 08:40 AM

Great Lakes Dredge & Dock Corporation Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-27-2015 08:40 AM. Venue: Hard Rock Hotel, 230 N. Michigan Ave., Chicago, IL 60601, United States.

Great Lakes Dredge & Dock Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment of Goodwill for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Great Lakes Dredge & Dock Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, contract revenues were $238,877,000 against $184,709,000 a year ago. Operating income was $13,989,000 against $10,269,000 a year ago. Income from continuing operations before income taxes was $5,188,000 against $5,980,000 a year ago. Income loss from continuing operations was $2,724,000 against $3,883,000 a year ago. Net income was $2,724,000 against net loss of $1,437,000 a year ago. Diluted earnings per share attributable to continuing operations were $0.05 against $0.06 a year ago. Diluted earnings per share were $0.05 against loss per share of $0.02 a year ago. Adjusted EBITDA from continuing operations was $33,377,000 against $19,831,000 a year ago. Revenue increased significantly in the second quarter 2015 compared to the second quarter 2014, with higher foreign, domestic capital and maintenance dredging offset by slightly lower coastal protection and rivers & lakes dredging revenue. Operating income was higher in the second quarter 2015 compared to the prior year quarter, primarily driven by the improvement in gross profit margin on higher revenues and increased fleet utilization. Total capex for the quarter was just under $13 million, with approximately $5 million for the ATB during the second quarter and the reminder spent on maintaining fleet and other land equipment additions. For six months, contract revenues were $413,434,000 against $359,091,000 a year ago. Operating income was $6,731,000 against $13,154,000 a year ago. Loss from continuing operations before income taxes was $9,239,000 against income from continuing operations before income taxes of $2,071,000 a year ago. Loss from continuing operations was $5,666,000 against income from continuing operations of $1,427,000 a year ago. Net loss was $5,666,000 against $6,632,000 a year ago. Diluted loss per share attributable to continuing operations was $0.09 against diluted earnings per share attributable to continuing operations of $0.02 a year ago. Diluted loss per share was $0.09 against $0.11 a year ago. Adjusted EBITDA from continuing operations was $37,733,000 against $31,823,000 a year ago. Looking forward to the rest of the year 2015, the company expects robust revenue and earnings in the dredging segment as fleet utilization will continue to be at an elevated level. The company expects the environmental & remediation segment's performance to improve in the second half of the year, likely peaking in the third quarter, and thus continue s to expect to achieve total company adjusted EBITDA in the range of $97 million to $107 million for the year. For the second quarter ended June 30, 2015, the company reported impairment of goodwill of $2,750,000 compared to nil a year ago.

Great Lakes Dredge & Dock Corporation to Report Q2, 2015 Results on Aug 04, 2015

Great Lakes Dredge & Dock Corporation announced that they will report Q2, 2015 results at 9:00 AM, Central Daylight on Aug 04, 2015

 

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Industry Analysis

GLDD

Industry Average

Valuation GLDD Industry Range
Price/Earnings 24.6x
Price/Sales 0.4x
Price/Book 1.3x
Price/Cash Flow 26.2x
TEV/Sales NM Not Meaningful
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