Great Lakes Dredge & Dock to Present at Sidoti June Virtual Conference on Thursday, June 13, 2024

Rhea-AI Summary

Great Lakes Dredge & Dock (GLDD), the largest provider of dredging services in the U.S., will present at Sidoti’s Virtual Investor Conference on June 13, 2024. CEO Lasse Petterson and CFO Scott Kornblau will lead the presentation and host one-on-one meetings. The presentation starts at 12:15 ET and can be accessed via a provided Zoom link. Great Lakes has a long history of completing major marine projects and is expanding into the offshore wind energy sector. The company operates a fleet of around 200 specialized vessels and emphasizes a strong safety culture.

Positive

• Great Lakes Dredge & Dock's expansion into the offshore wind energy sector opens new revenue streams.
• GLDD's comprehensive safety management program promotes a safe work environment, potentially reducing operational risks.
• Participation in Sidoti’s conference provides exposure to institutional investors, potentially increasing market visibility.
• The company's history of completing significant marine projects enhances its credibility in the industry.

Negative

• Press Release lacks specific financial performance data, leaving investors without concrete financial insights.
• No mention of new contracts or projects, which could indicate a lack of immediate business growth.

HOUSTON, June 05, 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, announced today that its President and Chief Executive Officer, Lasse Petterson, and its Senior Vice President, Chief Financial Officer, Scott Kornblau, will be presenting and hosting one-on-one meetings with investors at the Sidoti June Virtual Investor Conference, taking place on June 13, 2024.

The presentation will begin at 12:15 ET on Thursday, June 13, 2024, and can be accessed live here https://sidoti.zoom.us/webinar/register/WN_x8oA61ypS0Ct0nV0rej_xA. Great Lakes will also host virtual one-on-ones with investors on Thursday, June 13, 2024. To register for the presentation or one-on-ones, visit www.sidoti.com/events. Registration is free and you don't need to be a Sidoti client.

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 Sidoti Events, LLC (“Events”) and Sidoti & Company, LLC (“Sidoti”)
In 2023, Sidoti & Company, LLC (www.sidoti.com) formed an affiliate company, Sidoti Events, LLC in order to focus exclusively on its rapidly growing conference business and to more directly serve the needs of presenters and attendees.  The relationship allows Events to draw on the 25 years of experience Sidoti has as a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $200 million-$5 billion market cap range. Sidoti’s coverage universe comprises approximately 160 equities, of which 50 percent participate in the firm's rapidly growing Company Sponsored Research ("CSR") program.  Events is a leading provider of corporate access through the eight investor conferences it hosts each year. By virtue of its direct ties to Sidoti, Events benefits from Sidoti’s small- and microcap-focused nationwide sales force, which has connections with approximately 2,500 institutional relationships in North America.  This enables Events to provide multiple forums for meaningful interaction for small and microcap issuers and investors specifically interested in companies in the sector.

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.

FAQ

When will Great Lakes Dredge & Dock present at the Sidoti June Virtual Conference?

Great Lakes Dredge & Dock will present on June 13, 2024, at 12:15 ET.

What is the focus of Great Lakes Dredge & Dock's upcoming presentation?

The focus will be on presenting the company's recent activities and future prospects, including its expansion into offshore wind energy.

How can investors access Great Lakes Dredge & Dock's presentation at the Sidoti June Virtual Conference?

Investors can access the presentation live via a Zoom link provided in the press release.

Who will represent Great Lakes Dredge & Dock at the Sidoti June Virtual Conference?

CEO Lasse Petterson and CFO Scott Kornblau will represent the company.

What is Great Lakes Dredge & Dock's involvement in the offshore wind energy sector?

Great Lakes Dredge & Dock is actively expanding its core business into the offshore wind energy industry.