great lakes dredge and dock remediation divestiture

Despite facing continued challenges related to weather delays in the Northeast and a lower-than-normal amount of capital work, we ended the quarter with revenues of $158.0 million and adjusted EBITDA of $10.2 million. Lasse Petterson, President and Chief Executive Officer commented, “We reported improved results in the first quarter of 2023, showing improvements in gross profit margins and adjusted EBITDA from the prior three quarters.

Adjusted EBITDA was $10.2 million for the first quarter.Net loss was $3.2 million for the first quarter.Total operating loss was $0.9 million for the first quarter.Revenue was $158.0 million for the first quarter.

HOUSTON, (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 reported financial results for the quarter ended March 31, 2023. First quarter adjusted EBITDA of $10.2 millionĭredging backlog of $327.1 million at March 31, 2023

Great lakes dredge and dock remediation divestiture