COVID-19 Impacts GLDD Profitability In First Quarter - The Waterways Journal
May 11, 2021 By John Shoulberg Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, on May 4 reported net income of $8.8 million for the first quarter of 2021, on revenue of $177.6 million. A year ago, Great Lakes reported net income of $34 million on revenue of $217.7 million. The company reported lower coastal protection and capital dredging revenue, offset by an increase in revenue from maintenance dredging projects. Two of the company’s dredges, the Carolina and Dredge 55, w...
Source: waterwaysjournal.net