Great Lakes Announces Participation in Noble Capital Markets C-Suite Interview Series

Rhea-AI Summary

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) announced its participation in Noble Capital Markets' C-Suite Interview Series. In the interview, President & CEO Lasse Petterson and SVP Eleni Beyko discussed the company's new offshore wind division, associated market opportunities, and challenges. Key topics included the rock installation vessel under construction, the impact of the Jones Act on competition, and growth drivers in the dredging market. This initiative highlights Great Lakes' commitment to expanding in the offshore wind energy sector while leveraging its extensive fleet and engineering expertise.

Positive

• Expansion into the offshore wind energy sector, indicating growth potential.
• Discussion of a new rock installation vessel, which may enhance operational capabilities.

Negative

• Challenges mentioned regarding future growth, indicating potential risks.

HOUSTON, June 27, 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 announced their participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

Great Lakes’ President & CEO, Lasse Petterson, and SVP, US Offshore Wind, Eleni Beyko, sat down with Noble Capital Markets Senior Research Analyst, Joe Gomes, for this exclusive interview. Topics covered include:

• An introduction to Great Lakes’ new offshore wind division; market size and opportunities.
• Why is offshore wind such an exciting opportunity for the company?
• Update on the rock installation vessel currently under construction.
• The Jones Act – Impacts on competition in the dredging and wind divisions.
• What is driving growth in the dredging market?
• What are Great Lakes’ biggest challenges going forward?

The interview was recorded on June 16, 2022 and is available now on Channelchek.

About Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States. In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry. The Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 132-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.

About Noble Capital Markets
Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 37 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: contact@noblecapitalmarkets.com

About Channelchek
Channelchek (.com) is a comprehensive investor-centric portal - featuring more than 6,000 emerging growth companies - that provides advanced market data, independent research, balanced news, video webcasts, exclusive c-suite interviews, and access to virtual road shows. The site is available to the public at every level without cost or obligation. Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC/FINRA registered broker-dealer since 1984. www.channelchek.com email: contact@channelchek.com

For further information contact:
Tina Baginskis
Director, Investor Relations
630-574-3024

FAQ

What did Great Lakes Dredge & Dock Corporation announce on June 27, 2022?

Great Lakes announced its participation in Noble Capital Markets' C-Suite Interview Series.

Who represented Great Lakes in the interview?

President & CEO Lasse Petterson and SVP Eleni Beyko represented the company.

What is the significance of the Jones Act for Great Lakes Dredge & Dock Corporation?

The Jones Act's impact on competition in the dredging and wind divisions was discussed in the interview.

Where can I watch the interview with Great Lakes executives?

The interview is available on Channelchek.

What are the growth drivers mentioned for the dredging market?

The interview covered what is driving growth in the dredging market, although specific details were not provided.