Great Lakes Dredge & Dock Corporation Announces Participation in Noble Capital Markets’ C-Suite Interview Series

Rhea-AI Summary

Great Lakes Dredge & Dock (NASDAQ: GLDD), the largest U.S. dredging services provider, announced its participation in Noble Capital Markets' C-Suite Interview Series. The interview, available on Channelchek, features CEO Lasse Petterson, CFO Scott Kornblau, and SVP of Offshore Wind Eleni Beyko discussing key topics including:

- Updates on the Acadia vessel and its competitive advantages
- Challenges and opportunities in the domestic and international offshore wind markets
- Overview of the dredging market and future challenges
- The company's expansion into the offshore wind energy industry

Great Lakes, with its 134-year history and fleet of 200 specialized vessels, is positioning itself in the growing offshore wind sector while maintaining its core dredging business.

Positive

• Largest provider of dredging services in the United States
• Expanding core business into the rapidly developing offshore wind energy industry
• Owns and operates the largest and most diverse fleet in the U.S. dredging industry (200 specialized vessels)
• 134-year history of completing all marine projects
• Disciplined training program for engineers ensuring experienced-based performance

Negative

• Near-term challenges in the domestic offshore wind market

News Market Reaction

+3.39%

1 alert

+3.39% News Effect

On the day this news was published, GLDD gained 3.39%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, Sept. 09, 2024 (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 its participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

Great Lakes’ President and Chief Executive Officer Lasse Petterson, SVP and Chief Financial Officer Scott Kornblau, and SVP, Offshore Wind Eleni Beyko, Ph.D. recently sat down with Noble Capital Markets Research Analyst Joe Gomes for this exclusive interview. Topics covered include:

• An update on the Acadia vessel and expected delivery
• The Acadia's competition in the domestic market
• The advantages of being a "Jones Act" vessel
• The near-term challenges in the domestic offshore wind market
• The opportunities in the international offshore wind market
• The markets for the Acadia outside of offshore wind
• An overview of the dredging market
• The greatest challenges for the Company going forward

The interview was recorded on Aug. 28, 2024, and is available now on Channelchek.

The Company
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 134-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

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the Securities and Exchange Commission (the "SEC"), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Great Lakes and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. These cautionary statements are being made pursuant to the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.

Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially. The forward-looking statements contained in this press release are made only as of the date hereof and Great Lakes does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.

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

FAQ

What is the status of Great Lakes Dredge & Dock's Acadia vessel?

The interview provides an update on the Acadia vessel, including its expected delivery and competitive advantages in the domestic market. However, specific details are not provided in the press release.

How is Great Lakes Dredge & Dock (GLDD) positioning itself in the offshore wind market?

GLDD is expanding its core business into the rapidly developing offshore wind energy industry. The company is exploring opportunities in both domestic and international offshore wind markets, leveraging its experience and fleet capabilities.

What are the main challenges facing Great Lakes Dredge & Dock (GLDD) in the near future?

The press release mentions near-term challenges in the domestic offshore wind market. Additionally, the interview discusses the greatest challenges for the company going forward, though specific details are not provided in the release.

How large is Great Lakes Dredge & Dock's (GLDD) fleet?

Great Lakes Dredge & Dock owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels.