Shares in Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) were down some 19% this morning as the largest provider of dredging services in the U.S. reported a net loss of $4.0 million for the quarter ended June 30, 2022.
Second quarter 2022 highlights
- Revenue was $149.4 million in the second quarter
- Total operating loss was $0.3 million in the second quarter
- Net loss was $4.0 million in the second quarter
- Adjusted EBITDA was $10.2 million in the second quarter
“Our second quarter results...
https://www.marinelog.com/inland-coastal/dredging/gldd-reports-a-red-ink-quarter/