Great Lakes Dredge & Dock (GLDD) Reports Q2 Loss Per Share of $0.03; Strategic Review Process Concluded

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Great Lakes Concludes Strategic Review With Greenhill & Co.; Reports Second Quarter Results

August 4, 2016 8:03 AM EDT

OAK BROOK, Ill., Aug. 04, 2016 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, today reported financial results for the quarter ended June 30, 2016.

For the three months ended June 30, 2016, Great Lakes reported revenue of $192.2 million, net loss of $1.7 million and Adjusted EBITDA of $18.3 million.

Chairman of the Board of Directors, Mike Walsh, commented, On October 16, 2015 the Company's Board of Directors initiated a process to review potential strategic... More