Great Lakes Dredge & Dock (GLDD) Announces $50M Share Buyback
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Great Lakes Announces $50 Million Share Repurchase Program
March 14, 2025 8:00 AM EDTHOUSTON, March 14, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (Great Lakes or the Company) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today announced that its Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $50 million of its common stock.
Our business is strong, as we delivered in 2024 the second best results in our Companys history, said Lasse Petterson, President and Chief Executive Officer. The outlook for 2025 and 2026 is also strong with $1.2 billion in backlog as of December 31, 2024.... More
