This work is an area in which Great Lakes dominates, commanding 49% of the domestic capital bid market share over the past three years. May 2022 Company Presentation Dredging Marketĭredging consists of four primary types of contract work: capital coastal protection maintenance rivers and lakes.Ĭapital dredging programs are predominantly port expansions, coastal restorations, land reclamations, and construction projects (e.g., canals), as well as trench digging for pipelines, tunnels, and cables.
Its stock trades just above at $8.00 a share, translating to a market cap of $545 million. It was founded in 1890 as Lydon & Drews, rebranded to Great Lakes in 1905, and most recently went public in 2006 when it merged into special purpose acquisition company Aldabra Acquisition Corporation, with its first trade conducted at $5 per share. Army Corps of Engineers (USACE), responsible for 67% of the company's FY22 revenue (from 34 contracts). It has been awarded 21 contracts since the onset of 2021 with its largest customer the U.S. An analysis follows below.īased in Houston, Great Lakes Dredge & Dock Corporation ( NASDAQ: GLDD) is the largest provider of dredging services in the U.S., employing a fleet of 17 dredges, 17 material transportation barges, one drill boat, and other support vessels. The company recently won a couple of nice contracts and has had some recent insider buying. Today we look at a small infrastructure concern. Fidelity purchased with money, money can destroy."― Seneca.
0 kommentar(er)
