![]() ![]() Adjusted EBITDA from continuing operations was $151.1 million as compared to $135.6 million in 2019, a $15.5 million or 11.4% increase over the prior year.Net income from continuing operations was $66.1 million, a $10.4 million or 18.7% increase over the prior year.Total operating income was $111.8 million, a $13.7 million or 14.0% increase over the prior year.Gross profit percentage increased to 23.3% in 2020 as compared to 21.6% in 2019.Revenue was $733.6 million for the full year 2020, a $22.1 million or 3.1% increase over the prior year.“Great Lakes had another exceptional year financially as we continued to act on our long term strategic plan, despite the pandemic’s impact on some of our projects,” said CEO and President Lasse Petterson. The largest provider of dredging services in the U.S., Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) today reported financial results for the quarter and year ended December 31, 2020. GLDD investments in its future include order for Jones Act trailing suction hopper dredge. UN buys VLCC to avert Red Sea pollution catastrophe.VIDEO: Port Newark ship fire extinguished.Burning car carrier towed to new location.Op-Ed: Real-time wind monitoring for wind-assisted propulsion.Suez Canal Authority raises sunken tugboat.Putin’s oil exports capped at $60/barrel: Now what?.Dynagas LNG Partners ice class LNG carrier awarded new Equinor time charter.Maersk’s record breaking year ends on a muted note.Containership deliveries reach a record high.VIDEO: Ukrainian drone holes sanctioned Russian tanker.Suez Canal tugboat sinks in deadly collision with gas tanker.Newark car carrier: Post fire salvage effort makes progress.IP Code adoption sets new standard for industrial personnel carriage.EU ETS revision sends IMO a message on maritime decarbonization.Offshore Energy Security Act aims to get offshore oil and gas lease sales moving.Europe’s FuelEU aims to kick start shift to greener fuels.Bought 2 tankers, broke Iran sanctions, gets prison term.CMA CGM reaches settlements with EPA on VGP violation claims.Coast Guard cracks down on illegal charter boat activity.Schulte ship first to use Ukraine’s “temporary corridor”.Op-Ed: How maritime can help the defense sector be sustainable.VIDEO: Odfjell in tanker sector suction sail first.Oil mist detector malfunction likely caused $3.4 million collision. ![]()
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