![]() The company said general and administrative expense and net interest expense are expected to remain relatively flat from the prior quarter. The Padre Island is now out of drydock and in operation and the Ellis Island is out of drydock and expected to be in operation before year end. In addition, unexpected drydocking scope increases resulted in additional costs and delays for the hopper dredges Ellis Island and Padre Island, Great Lakes said. The company said in a press release that its Q4 results were impacted by the earlier than expected retirement of the Terrapin Island hopper dredge, significant weather delays on several projects in the northeast and some project production issues. Great Lakes Dredge & Dock Corporation this week warned its fourth quarter 2022 revenues and gross profit margins are expected to be lower than previously anticipated.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |