Great Lakes Dredge & Dock (GLDD) Tops Q3 EPS by 5c

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Go back to Great Lakes Dredge & Dock (GLDD) Tops Q3 EPS by 5c

Great Lakes Reports Third Quarter Results

November 2, 2016 8:00 AM EDT

OAK BROOK, Ill., Nov. 02, 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 September 30, 2016.

For the three months ended September 30, 2016, Great Lakes reported revenue of $198.9 million, net income of $4.6 million and Adjusted EBITDA of $29.1 million.  The Company recorded the following one-time items during the quarter, positively impacting EBITDA: an $8.6 million reversal of an earn-out and restricted stock units associated with the GLEI... More