Great Lakes Dredge and Dock Corporation

Great Lakes Dredge & Dock Corporation (GLDD) is engaged in marine construction, principally dredging, and commercial and industrial demolition. The services of the company include maintenance and deepening of shipping channels, reclamation of land from the ocean, and re-nourishment of storm damaged coastline. The dredging services are offered to domestic and foreign government agencies, and private entities. Demolition services are offered to general contractors, corporations that commission projects, nonprofit institutions such as universities and hospitals, and local government and municipal agencies. GLDD primarily operates in the US and Middle East. It is headquartered in Illinois, the US.The company reported revenues of (U.S. Dollars) USD 586.88 million during the fiscal year ended December 2008, an increase of 13.79% over 2007. The operating profit of the company was USD 26.10 million during the fiscal year 2008, a decrease of 9.95% from 2007. The net profit of the company was USD 4.98 million during the fiscal year 2008, a decrease of 29.44% from 2007.