The Great Lakes Dredge & Dock Company: A Legacy of Excellence in Marine Construction

Founded by Henry B. Drews in 1890, the Great Lakes Dredge & Dock Company has been a stalwart player in the marine construction industry for over 130 years. Headquartered in Oak Brook, Illinois, the company has built a reputation for excellence and reliability, serving clients across both public and private sectors.

The company operates through two main segments: Dredging and Environmental and Infrastructure. The Dredging segment is responsible for enhancing or preserving navigability of waterways, as well as protecting shorelines by removing or replenishing soil, sand, or rock. This critical work ensures the safe and efficient movement of goods and people across the country's waterways.

The Environmental and Infrastructure segment, on the other hand, provides construction services related to soil, water, and sediment. The company's expertise in this area has been called upon by clients seeking solutions for environmental remediation, coastal protection, and habitat restoration.

Despite being a century-old company, Great Lakes Dredge & Dock continues to adapt and innovate to meet the changing needs of its clients. This commitment to excellence is reflected in the company's financial performance, with net income of $13.8 million and adjusted EBITDA of $32.2 million reported for the third quarter.

The company also boasts a robust backlog of $598.5 million as of September 30th, providing a strong foundation for future growth and development. With its rich history and proven track record of success, Great Lakes Dredge & Dock is well-positioned to continue playing a vital role in shaping the country's marine infrastructure for generations to come.

As investors seek out companies with a proven ability to deliver results, Great Lakes Dredge & Dock's latest quarterly report provides a compelling case for consideration. With its iconic logo and commitment to excellence, the company remains an attractive choice for those seeking exposure to the marine construction industry.

Great lakes dredge and dock logo