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Great Lakes Dredge & Dock Posts 2Q Loss

Posted on August 8, 2016

Great Lakes Dredge & Dock Corp. (GLDD) on Thursday reported a second-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Oak Brook, Illinois-based company said it had a loss of 3 cents.

The provider of dredging and dock-contracting services posted revenue of $192.2 million in the period.

The company’s shares closed at $4.36. A year ago, they were trading at $5.33.

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