Great Lakes Announces Receipt Of $177M In Awarded Work; Dredging Backlog At Approximately $1.1B To Date
Portfolio Pulse from Benzinga Newsdesk
Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of $177 million in awarded work, bringing its dredging backlog to approximately $1.1 billion to date.
September 19, 2023 | 1:06 pm
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The announcement of $177 million in awarded work increases Great Lakes Dredge & Dock Corporation's backlog to approximately $1.1 billion, indicating a strong pipeline of future revenues.
The receipt of $177 million in awarded work increases GLDD's backlog, which represents future revenues. This suggests a strong pipeline of work and potential for increased earnings, which could positively impact the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100