wqptravels.blogg.se - Great lakes dredge and dock m/v liberty island

We have retired the 42-year-old hopper dredge, the Terrapin Island, and we have cold stacked two major dredges as we wait for the bid market to gain momentum in 2023. We are adjusting to the current situation by taking swift and proactive action on cost reductions and fleet adjustments.

Lasse Petterson, President and Chief Executive Officer commented, “The fourth quarter continued to be impacted by a significantly delayed bid market combined with high inflation, significant weather delays on projects in the Northeast, fewer high margin capital projects, dredging project production issues, higher than anticipated drydock costs, and the retirement of the Terrapin Island.

Adjusted EBITDA was $17.0 million for the full year 2022.

Net loss was $34.1 million for the full year 2022.

Total operating loss was $27.7 million for the full year 2022.

Revenue was $648.8 million for the full year 2022.