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US-headquartered SPX Corporation has announced that it has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The results of the purchased business will be reported with SPX’s Communication Technologies businesses within its Detection & Measurement segment. “We are excited to welcome the Sabik team to SPX,” said Gene… Read More
The Association of Equipment Manufacturers (AEM) officially kicked off its year-long 125th anniversary celebration. AEM is a North American-based international trade group representing off-road equipment manufacturers and suppliers. Its member companies manufacture and market a wide variety of equipment, from large earth movers and agricultural equipment to smaller hand-held, portable and walk-behind machinery. In 1894,… Read More
Full year net income from continuing operations $11.0 million Full year Adjusted EBITDA from continuing operations, excluding restructuring $109.8 million Net debt reduction of $115 million for the full year Backlog of over $707 million as of year-end 2018, up nearly $200 million from the prior year Expects to divest Environmental and Infrastructure business in… Read More
BSI is pleased to announce the acquisition of Hundested Propeller A/S, world-leading supplier of Controllable Pitch Propellers, Controllable Pitch Gearboxes, Tunnel and Retractable Swing Thrusters for the Maritime Industry Worldwide. Hundested Propeller focus on high quality products based upon superior design and customer service. It is a natural fit to BSI`s existing portfolio and we… Read More
Virtu Financial LLC purchased a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,553 shares of the construction company’s stock, valued at approximately $229,000. Virtu Financial LLC owned 0.06% of Great Lakes Dredge… Read More
Bank of New York Mellon Corp boosted its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 662,831 shares of the construction company’s stock after purchasing an additional 30,425 shares during the period. Bank of New York… Read More
Shutterstock photo Great Lakes Dredge & Dock Corporation GLDD is expected to come up with higher earnings when i t report s fourth-quarter 2018 numbers. However, it doesn’t possess the right combination of the two key ingredients for a likely earnings beat in the to-be-reported quarter. This largest provider of dredging services in the United… Read More
Investors sentiment increased to 2.41 in Q3 2018. Its up 0.76, from 1.65 in 2018Q2. It is positive, as 5 investors sold Orion Group Holdings, Inc. shares while 22 reduced holdings. 21 funds opened positions while 44 raised stakes. 22.23 million shares or 8.19% more from 20.54 million shares in 2018Q2 were reported. State Of… Read More
Revenue growth and strong cash flow Operational Strong performance key markets North America, the UK, Continental Europe, and Australia Firm measures taken to turn around lagging performance in the Middle East and Asia Non-core clean energy assets Brazil: Preparation for divestment of all assets initiated Financial Significantly improved balance sheet Net working capital improved to… Read More
Transportation and government relations expert Jennifer Cohen has been appointed by the Port of Los Angeles as its new Director of Policy and Legislative Affairs. Cohen most recently served as the Director of Government Affairs for the Los Angeles Department of Transportation (LADOT). In her new position, Cohen will direct the Port’s legislative team and… Read More
The National Stone, Sand & Gravel Association (NSSGA) awarded its annual Barry K. Wendt Commitment Award to Bill Wetta, senior vice president of product development and chief technology officer at DSC Dredge. Wetta was named the award winner Monday at the NSSGA Annual Convention in Indianapolis. NSSGA established the Wendt award more than two decades… Read More
Meeco Sullivan has announced the retirement of Steve Sullivan, president and CEO. Sullivan has been with the company for 38 years having begun his career at Sullivan Flotation Systems in Warwick, New York, in 1980. He held a variety of operational, sales and management positions before becoming president in 1995. Sullivan, with his brother Robert,… Read More
Great Lakes Dredge & Dock Corporation (GLDD) received the Signal Mutual Indemnity Association Ltd.’s Gerald H. Halpin Safety Excellence Award. The award, presented at the association’s annual members board meeting in Orlando, Florida, on January 25, honors the Signal member who exemplifies the promotion of employee safety and health throughout its organization. GLDD was chosen… Read More
On December 12, 2018, the Great Lakes Dredging Team (GLDT) hosted its 2018 fall webinar meeting. The meeting discussed local U.S. Army Corps of Engineers dredging programs along the Great Lakes, GLDT business and committee reports, and updates on beneficial use projects in the region. GLDT serves as a forum for Great Lakes dredging interests,… Read More
Fishing boat passes a PCB dredging barge on the Fox River (WBAY file photo) GREEN BAY, Wis. (WBAY) – The Environmental Protection Agency says the decades-long legal battle over contamination of the Fox River is over. A final settlement was reached to cover the past and future costs of the PCB cleanup. According to the… Read More