GLDD Report Solid Q2 2014 Dredging Sector Performance
For the three months ended June 30, 2014, Great Lakes reported Revenue of $184.7 million, Income from continuing operations of $3.9 million and Adjusted EBITDA from continuing operations of $19.8 million. "Dredging had a solid quarter with $157.1 million in revenue, driven by increased activity in all of our domestic markets, and improved gross profit margin to 14.4%. During the second quarter, we benefited from improved weather and higher productivity as well as greater fixed cost coverage. Although foreign revenue was down from the second quarter in 2013, we worked on projects in Saudi Arabia, Brazil and Australia during the quarter…
GLDD Appoint Mark Marinko Senior V-P & CFO
Great Lakes Dredge & Dock Corporation (GLDD) informs that Marinko joins the Company to fill the role vacated in April 2014 and held in interim by the Vice President and Controller, Katherine Hayes. The Company adds that it would like to thank Ms. Hayes for her leadership in managing the transition to the new CFO who will report to the Chief Executive Officer, Jonathan Berger. GLDD explains that Mark Marinko starts at Great Lakes with a strong background in operations and finance working for TransUnion, LLC through August 2013, where he was most recently President of the Consumer Services division at TransUnion leading the direct to consumer and business market, customer service, consumer compliance and marketing for the credit information company. Mr.
