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GLDD Reports Net Loss For First Quarter
| 题名： | GLDD Reports Net Loss For First Quarter |
| 正文语种： | eng |
| 摘要： | Great Lakes Dredge & Dock Corporation (GLDD) reported a net loss of $3.2 million for the first quarter of 2023, on revenues of $158 million. A year ago, the company reported a net profit of $11.1 million on revenues of $194.3 million. It was the fourth consecutive quarter of net losses for GLDD, although this report was far better than the $31.2 million loss reported for the fourth quarter of 2022. Company President and CEO Lasse Patterson noted the improvement in his comments. "We reported improved results in the first quarter of 2023, showing improvements in gross profit margins and adjusted EBITDA [earnings before interest, taxes, depreciation and amortization] from the prior three quarters," he said. "Despite facing continued challenges related to weather delays in the Northeast and a lower-than-normal amount of capital work, we ended the quarter with revenues of $158 million and adjusted EBITDA of $10.2 million." The company has also been focusing on cutting costs, Petterson said. |
| 出版年： | 2023 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 137 |
| 期： | 7 |
| 页码： | 13-13 |
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