![]() Great Lakes has delivered strong performance over the past years, we have demonstrated our ability to manage through a challenging environment and we believe the current challenging conditions will improve over the next quarters. In addition, the quarter was impacted by increased inflationary pressure, follow-on impact from second quarter site condition claims and some dredging project challenges. Lasse Petterson, President and Chief Executive Officer commented, “We continue to see the effects from a significantly delayed bid market the last three quarters, which has impacted vessel utilization for 2022. Adjusted EBITDA was $1.3 million in the third quarter.Net loss was $9.9 million in the third quarter.Total operating loss was $9.5 million in the third quarter.Revenue was $158.3 million in the third quarter.01, 2022 (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter ended September 30, 2022. ![]() ![]() Third quarter adjusted EBITDA of $1.3 millionĭredging Backlog of $452.6 million at September 30, 2022 ![]()
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