Great Lakes Dredge & Dock Corporation Buyback
OLI recorded this information on 8/4/2020
Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced that the Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $75 million of its common stock.
Great Lakes Dredge & Dock is a provider of dredging services. Co. provides dredging services in the East, West, and Gulf Coasts of the U.S. and worldwide. Co. operates in one operating segment, which is also Co.'s sole reportable segment and reporting unit. Dredging generally involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Domestically, Co.'s work generally is performed in coastal waterways and deep water ports. The U.S. dredging market consists of the following primary types of work: capital, coastal protection, maintenance and rivers and lakes.
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Strong Buy (4.00 out of 4)