Reports Q3 revenue $117.2M, consensus $136.83M. Lasse Petterson, President and Chief Executive Officer commented, “The third quarter, as expected, was a challenging quarter due to vessel drydocks and idle equipment due to market delays from 2022 and the first half of 2023. Despite the challenges, we continued to bid on projects and build a solid backlog for the fourth quarter and for 2024. Great Lakes ended the quarter with $1.03 billion of dredging backlog, which does not include approximately $50.0 million of performance obligations related to offshore wind contracts and $225.0 million in low bids and options pending award.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GLDD:
- Great Lakes Reports Third Quarter 2023 Results
- GLDD Earnings this Week: How Will it Perform?
- Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 Third Quarter Results
- Great Lakes announces delivery of multi cats, Cape Hatteras, Cape Canaveral
- Great Lakes Announces Delivery of Their Multi Cats, the Cape Hatteras and the Cape Canaveral
