Great Lakes Dredge & Dock (GLDD) Misses Q1 EPS by 12c

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Great Lakes Reports First Quarter Results

May 5, 2015 8:01 AM EDT

Record Backlog of $741 Million

Provides Adjusted EBITDA Guidance of $97 to $107 Million for Fiscal Year 2015

OAK BROOK, Ill.--(BUSINESS WIRE)-- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest provider of dredging services in the United States and a major provider of environmental and remediation services, today reported financial results for the quarter ended March 31, 2015.

For the quarter ended March 31, 2015, Great Lakes reported Revenue of $174.6 million, Net loss of $8.4 million, and Adjusted EBITDA from continuing operations of $4.4 million.

In the first quarter of 2015, we were... More