Private company

Great Lakes Dredge & Dock CORP

American heavy construction than bldg const - contractors company1

In its 2026 annual report the company says: “Great Lakes is the largest provider of dredging services in the United States which is complemented with a long history of performing significant international projects. The Company is also fully engaged in expanding its core business into the offshore energy industry. The Company now operates on the East and Gulf coastlines and throughout many inland U.S. waterways.”4 It is headquartered in Houston, Texas.1

Last updated Oct 20, 2026.

Overview

  • IndustryHeavy Construction Other Than Bldg Const - Contractors1
  • HeadquartersHouston, Texas1
  • Incorporated inDE2
  • Business address9811 Katy Freeway, Suite 1200, Houston, Tx 770242
  • Filer categoryLarge accelerated filer2

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The terms “we,” “our,” “ours,” “us,” “Great Lakes”, “GLDD” and “Company” refer to Great Lakes Dredge & Dock Corporation and its subsidiaries.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.9%Gross margin5
14.4%Operating margin5
8.3%Net margin5
16.5%Revenue growth, 20255
14.2%Return on equity5
0.73×Debt to equity5
$99.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue77¢$684.8M
  • Other costs12¢$103.2M
  • Income tax3¢$26.9M
  • Profit8¢$73.5M

Out of $888.3M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending60¢$147.2M
  • Share buybacks5¢$11.6M
  • Kept or used elsewhere36¢$87.9M

Out of $246.7M of cash from operations.5

Financial statements

Revenue67895$888.3M in 2025+25% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $711.5M$711.5M20192020: $733.6M$733.6M2020+3%2021: $726.1M$726.1M2021−1%2022: $648.8M$648.8M2022−11%2023: $589.6M$589.6M2023−9%2024: $762.7M$762.7M2024+29%2025: $888.3M$888.3M2025+16%
Gross profit67895$203.5M in 2025+32% since 2019
0$100.0M$200.0M$300.0M2019: $153.8M$153.8M20192020: $171.2M$171.2M2020+11%2021: $145.3M$145.3M2021−15%2022: $31.2M$31.2M2022−79%2023: $77.7M$77.7M2023+149%2024: $160.6M$160.6M2024+107%2025: $203.5M$203.5M2025+27%
Operating income67895$127.8M in 2025+30% since 2019
-$50.0M0$50.0M$100.0M$150.0M2019: $98.1M$98.1M20192020: $111.8M$111.8M2020+14%2021: $83.4M$83.4M2021−25%2022: -$27.7M-$27.7M20222023: $28.2M$28.2M20232024: $92.8M$92.8M2024+229%2025: $127.8M$127.8M2025+38%
Net income67895$73.5M in 2025+49% since 2019
-$50.0M0$50.0M$100.0M2019: $49.3M$49.3M20192020: $66.1M$66.1M2020+34%2021: $49.4M$49.4M2021−25%2022: -$34.1M-$34.1M20222023: $13.9M$13.9M20232024: $57.3M$57.3M2024+312%2025: $73.5M$73.5M2025+28%
Fiscal year2019202020212022202320242025
Revenue$711.5M6$733.6M7$726.1M8$648.8M9$589.6M5$762.7M5$888.3M5
Cost of revenue$557.8M6$562.4M7$580.9M8$617.6M9$511.9M5$602.1M5$684.8M5
Gross profit$153.8M6$171.2M7$145.3M8$31.2M9$77.7M5$160.6M5$203.5M5
Operating income$98.1M6$111.8M7$83.4M8-$27.7M9$28.2M5$92.8M5$127.8M5
Income before tax$62.8M8-$43.4M9$18.3M5$75.4M5$100.3M5
Income tax$15.3M6$20.2M7$13.4M8-$9.4M9$4.4M5$18.1M5$26.9M5
Net income$49.3M6$66.1M7$49.4M8-$34.1M9$13.9M5$57.3M5$73.5M5
Earnings per share$0.786$1.027$0.758-$0.529$0.215$0.855$1.105
Earnings per share (diluted)$0.766$1.007$0.758-$0.529$0.215$0.845$1.085
Shares (weighted, basic)65.6M shares866.1M shares966.5M shares567.1M shares566.9M shares5
Shares (weighted, diluted)66.3M shares866.1M shares967.0M shares567.8M shares567.7M shares5

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Corporate structure

Great Lakes Dredge & Dock CORP sits at the top of its group. 10 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Great Lakes Dredge & Dock CORP

  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on Great Lakes Dredge & Dock CORP, latest Jul 14, 2026 (5 filings since Feb 8, 2022)
  • JENNISON ASSOCIATES LLC Filed SCHEDULE 13G/A on Great Lakes Dredge & Dock CORP, latest May 6, 2026 (6 filings since Feb 10, 2022)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Great Lakes Dredge & Dock CORP, latest Apr 30, 2026
  • BlackRock Filed SCHEDULE 13G/A on Great Lakes Dredge & Dock CORP, latest Apr 28, 2026 (2 filings since Mar 4, 2026)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Great Lakes Dredge & Dock CORP, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • Prudential Financial Filed SCHEDULE 13G/A on Great Lakes Dredge & Dock CORP, latest Nov 7, 2025 (5 filings since Feb 14, 2022)
  • FRANKLIN MUTUAL ADVISERS LLC Filed SC 13G/A on Great Lakes Dredge & Dock CORP, latest Jan 31, 2023 (2 filings since Feb 1, 2022)
  • ASHFORD CAPITAL MANAGEMENT INC Filed SC 13G/A on Great Lakes Dredge & Dock CORP, latest Feb 14, 2022
  • Russell Investments Group, Ltd. Filed SC 13G/A on Great Lakes Dredge & Dock CORP, latest Feb 11, 2022
  • Great Lakes Dredge & Dock CORP Houston, Texas
    • Drews Services LLC Subsidiary · South Carolina, United States
    • Great Lakes Dredge & Dock (Bahamas) Ltd. Subsidiary · Bahamas
    • Great Lakes Dredge & Dock (UK) Limited Subsidiary · United Kingdom
    • Great Lakes Dredge & Dock do Brasil Ltda. Subsidiary · Brazil
    • Great Lakes Environmental & Infrastructure Solutions, LLC Subsidiary · Delaware, United States
    • Great Lakes U.S. Fleet Management, LLC Subsidiary · Delaware, United States
    • NASDI Holdings, LLC Subsidiary · Delaware, United States
    • Terra Contracting Services, LLC Subsidiary · Delaware, United States
    • Terra Fluid Management, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Great Lakes Dredge & Dock CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.3B5 Dec 31, 2025$1.2B5 Dec 31, 2024+10.3%
Accumulated depreciation$540.6M5 Dec 31, 2025$515.5M5 Dec 31, 2024+4.9%
Property and equipment, net$803.3M5 Dec 31, 2025$703.3M5 Dec 31, 2024+14.2%
Finance-lease assets$2.1M5 Dec 31, 2025$4.1M5 Dec 31, 2024−49.9%
Operating-lease assets (leased space)$76.3M5 Dec 31, 2025$96.1M5 Dec 31, 2024−20.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$13.4M5 Dec 31, 2025$10.2M5 Dec 31, 2024+30.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$76.6M5 Dec 31, 2025$76.6M5 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$27.9M5 Dec 31, 2025$29.9M5 Dec 31, 2024−6.5%

Properties, in its own words

The Company owns or leases the properties described below. The Company believes that its existing facilities are adequate for its operations.

The Company’s headquarters are located at 9811 Katy Freeway, Suite 1200, Houston, Texas 77024 with approximately 33,630 square feet of office space that it leases with a term expiring in 2030. As of December 31, 2025, the Company owns or leases the following additional facilities, as well as other less material owned or leased facilities:

The rest of Item 2

Location · Type of Facility · Size · Leased or Owned

Staten Island, NY · Yard · 4.4 · Acres · Owned

Morgan City, LA · Yard · 6.4 · Acres · Owned

Norfolk, VA · Yard · 15.3 · Acres · Owned

Chesapeake, VA · Yard · 16.2 · Acres · Leased

Little Rock, AR · Yard · 11.8 · Acres · Leased

Cape Girardeau, MO · Office · 726 · Square feet · Owned

Cape Girardeau, MO · Storage · 7,200 · Square feet · Owned

Cape Girardeau, MO · Yard · 18.4 · Acres · Owned

Ste Genevieve, MO · Storage · 8,000 · Square feet · Leased

Item 2 of the 10-K filed Feb 23, 2026.4

Leadership

Who has led Great Lakes Dredge & Dock CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Douglas B. Mackie2006–2010
  2. Jonathan W. Berger2010–2016
  3. Mark W. Marinko2017
  4. Lasse Petterson2017–now

President

  1. Douglas B. Mackie2006–2010
  2. David E. Simonelli2010–2020
  3. Bruce J. Biemeck2010–2012
  4. Christopher P. Shea2015–2018
  5. Lasse Petterson2020–now

Chief financial officer

  1. Deborah A. Wensel2006–2010
  2. Bruce J. Biemeck2010–2012
  3. William Steckel2012–2013
  4. Katherine M. Hayes2014
  5. Mark W. Marinko2014–2021
  6. Scott Lee Kornblau2021–now

Chief operating officer

  1. Richard M. Lowry2006–2009
  2. Kyle D. Johnson2014–2017
  3. David E. Simonelli2020–2022
2010201520202025
Board members and other officers (41)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Drews Services LLC South Carolina3
  • Great Lakes Dredge & Dock (Bahamas) Ltd. Bahamas3
  • Great Lakes Dredge & Dock (UK) Limited United Kingdom3
  • Great Lakes Dredge & Dock Company, LLC Delaware3
  • Great Lakes Dredge & Dock do Brasil Ltda. Brazil3
  • Great Lakes Environmental & Infrastructure Solutions, LLC Delaware3
  • Great Lakes U.S. Fleet Management, LLC Delaware3
  • NASDI Holdings, LLC Delaware3
  • Terra Contracting Services, LLC Delaware3
  • Terra Fluid Management, LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Great Lakes Dredge & Dock Holdings Corp.Aug 24, 2006 to Dec 26, 20062

Timeline

  1. Apr 1, 20268-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale71
  2. Mar 20, 20268-K Executive or director change72
  3. Mar 18, 20268-K Other events73
  4. Feb 23, 20268-K Results of operations74
  5. Feb 12, 20268-K Other events75
  6. Feb 11, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure76
  7. Nov 4, 20258-K Results of operations77
  8. Oct 27, 20258-K Entered a material agreement78
  9. Aug 5, 20258-K Results of operations79
  10. May 12, 20258-K Executive or director change; Shareholder vote80
  11. May 6, 20258-K Results of operations81
  12. Mar 14, 20258-K Other events82
  13. May 11, 2017New chief executive Lasse Petterson becomes CEO15
  14. Mar 10, 2017New chief executive Mark W. Marinko becomes CEO14
  15. Sep 29, 2010New chief executive Jonathan W. Berger becomes CEO16
  16. Dec 26, 2006New chief executive Douglas B. Mackie becomes CEO17

Calendar

When it reported results

  1. Feb 23, 2026Reported quarterly or annual results74
  2. Nov 4, 2025Reported quarterly or annual results77
  3. Aug 5, 2025Reported quarterly or annual results79
  4. May 6, 2025Reported quarterly or annual results81
  5. Feb 18, 2025Reported quarterly or annual results83
  6. Nov 5, 2024Reported quarterly or annual results84
  7. Aug 6, 2024Reported quarterly or annual results85
  8. May 7, 2024Reported quarterly or annual results86

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

454 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 45 major events, 312 insider forms, 27 large holders, 51 other. The latest 20:

  1. Jul 14, 2026SCHEDULE 13G/A EDGAR
  2. May 6, 2026SCHEDULE 13G/A EDGAR
  3. Apr 30, 2026SCHEDULE 13G EDGAR
  4. Apr 28, 2026SCHEDULE 13G/A EDGAR
  5. Apr 13, 202615-12G EDGAR
  6. Apr 9, 2026SCHEDULE 13G/A EDGAR
  7. Apr 2, 2026EFFECT EDGAR
  8. Apr 1, 20264 EDGAR
  9. Apr 1, 20264 EDGAR
  10. Apr 1, 20264 EDGAR
  11. Apr 1, 20264 EDGAR
  12. Apr 1, 20264 EDGAR
  13. Apr 1, 20264 EDGAR
  14. Apr 1, 20264 EDGAR
  15. Apr 1, 20264 EDGAR
  16. Apr 1, 20264 EDGAR
  17. Apr 1, 20264 EDGAR
  18. Apr 1, 20264 EDGAR
  19. Apr 1, 20264 EDGAR
  20. Apr 1, 20264 EDGAR

The 454 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 9 buys and 22 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 10, 2025JOHANSON DAVIDSVP-Project Acquisition & OpsSale2,100$13.96$29.3KForm 4
Dec 3, 2025JOHANSON DAVIDSVP-Project Acquisition & OpsSale10,000$13.02$130.2KForm 4
Aug 11, 2025Kornblau Scott LeeSVP & CFOSale59,805$11.48$686.6KForm 4
Jun 3, 2025Steger RonaldDirectorSale5,000$11.59$58.0KForm 4
May 6, 2025BEYKO ELENISVP - Offshore EnergySale22,579$10.26$231.7KForm 4
Mar 4, 2025GUNSTEN CHRISTOPHERSVP-Proj Svcs & Fleet EngineerBuy3,875$7.75$30.0KForm 4
Nov 14, 2024DICKERSON LAWRENCE RDirectorSale15,936$12.04$191.9KForm 4
Nov 12, 2024DICKERSON LAWRENCE RDirectorSale5,323$12.61$67.1KForm 4
Nov 11, 2024Shanahan Kathleen MDirectorSale23,238$12.63$293.5KForm 4
Nov 11, 2024Steger RonaldDirectorSale12,000$12.76$153.1KForm 4
Aug 26, 2024Petterson LasseCEO & PresidentSale28,709$9.24$265.3KForm 4
Aug 23, 2024Petterson LasseCEO & PresidentSale46,510$9.08$422.3KForm 4
Aug 20, 2024Petterson LasseCEO & PresidentSale10,147$9.10$92.3KForm 4
Aug 19, 2024Petterson LasseCEO & PresidentSale53,771$9.06$487.2KForm 4
Aug 16, 2024Petterson LasseCEO & PresidentSale51,640$9.11$470.4KForm 4
Aug 15, 2024Petterson LasseCEO & PresidentSale59,223$9.08$537.7KForm 4
May 19, 2023Levenson RyanDirectorBuy121,721$6.82$830.1KForm 4
May 18, 2023Levenson RyanDirectorBuy6,860$6.75$46.3KForm 4
May 17, 2023Levenson RyanDirectorBuy5,207$6.64$34.6KForm 4
May 12, 2023Levenson RyanDirectorBuy68,000$6.10$414.8KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Lasse J. Petterson$816.4K$4.6M96
2024Scott L. Kornblau$452.4K$2.0M96
2024David J. Johanson$364.0K$1.5M96
2024Christopher G. Gunsten$364.0K$1.5M96
2024Vivienne R. Schiffer$416.0K$1.2M96
2023President & Chief Executive Officer$785.0K$3.2M96
2023Senior Vice PresidentChief Financial Officer$435.0K$1.5M96
2022President & Chief Executive Officer$785.0K$3.8M96
2022Senior Vice PresidentChief Financial Officer$435.0K$834.1K96

SEC filer profile

How Great Lakes Dredge & Dock CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGreat Lakes Dredge & Dock CORP1
  • CIK0001372020
  • Employer ID (EIN)20-53360634
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1600 Heavy Construction Other Than Bldg Const - Contractors1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address9811 Katy Freeway, Suite 1200, Houston, TX 770241
  • Phone(346) 359-10101
  • Shares outstanding66,780,798 shares as of Feb 13, 20264
  • Public float$789.5M as of Jun 30, 20254
  • AuditorDeloitte & Touche LLP, Houston Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceAug 24, 20061
  • Filings1,705 in all: 4 (969), 8-K (257), SC 13G/A (75), 10-Q (57), 3 (51), 4/A (45), 10-K (20), DEF 14A (19)1
    All 51 form types

    144 (16), SC 13G (15), UPLOAD (15), DEFA14A (14), CORRESP (13), SCHEDULE 13G/A (13), 8-K/A (11), EFFECT (10), 424B3 (9), ARS (8), S-8 POS (7), S-8 (6), SC 13D/A (6), CT ORDER (5), S-4/A (5), SC 14D9/A (5), 10-K/A (4), 10-Q/A (4), POS AM (4), S-4 (4), SC 13D (4), 3/A (3), 424B4 (3), SC TO-T/A (3), 25-NSE (2), 5 (2), 8-A12B (2), CERTNAS (2), DEFR14A (2), NT 10-Q (2), 15-12B (1), 15-12G (1), D (1), NT 10-K (1), PRE 14A (1), S-1 (1), S-1/A (1), S-3 (1), SC 14D9 (1), SC TO-C (1), SC TO-T (1), SC14D9C (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2026
    Quarterly report (10-Q) Nov 4, 2025
    Proxy statement (DEF 14A) Mar 26, 2025
    Latest 8-K (8-K) Apr 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, (Par Value $0.0001)GLDDNasdaq Stock Market, LLC

From the cover page of the 10-K filed Feb 23, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Great Lakes Dredge & Dock CORP names in Item 1A of its 10-K filed Feb 23, 2026: 56 risks under these headings, as written.4

  • Risks Related to the Pending Transaction
  • The Transaction is subject to a number of conditions, which may not be satisfied in a timely manner or at all.
  • Uncertainties associated with the Transaction could adversely affect our business, results of operations, financial condition and stock price.
  • Failure to complete the Transaction within the expected timeframe, or at all, could adversely affect our business and stock price.
  • The Merger Agreement contains provisions that limit our ability to pursue alternatives to the Transaction and may discourage other third parties from offering a favorable alternative transaction proposal.
  • We are subject to certain restrictions on the conduct of our business under the terms of the Merger Agreement.
  • Lawsuits may be filed against us and the members of our board of directors arising out of the proposed Transaction, which may delay or prevent the proposed Transaction or otherwise negatively affect our business and operations.
  • Our stockholders will not benefit from future growth opportunities as stockholders of the Company if the Transaction is completed.
  • Risks Related to our Business
  • A reduction in government funding for dredging or other contracts, or government cancellation of such contracts, or the inability of the Corps to let bids to market could materially adversely affect our business operations, revenues and profits.
  • Our inability to qualify as an eligible bidder for government contracts or to compete successfully with other qualified bidders for certain contracts could materially adversely affect our business operations, revenues and profits.
  • Our business and operating results could be adversely affected by the political environment and governmental fiscal and monetary policies.
The other 46 risks
  • Our significant number of fixed-price contracts subjects us to risks associated with cost over-runs, operating cost inflation and potential claims for liquidated damages. If we are unable to accurately estimate our project costs our profitability could suffer.
  • Our quarterly and annual operating results may vary significantly based on the timing of contract awards and performance.
  • If we fail to comply with government contracting regulations, we could be subject to significant potential liabilities and loss of revenue.
  • Project delays related to the increasingly negative impacts of climate change or other unusual, non-historical weather patterns have and may continue to impact our ability to perform projects on time and on budget and therefore could materially adversely affect our business operations, revenues and profits.
  • Costs necessary to operate and maintain our vessels tend to increase with the age of the vessel, and costs of such maintenance, as well as costs associated with new build programs, may also increase due to changes in applicable regulations or standards, which could decrease our profits.
  • Equipment or mechanical failures could result in increased costs, project delays and reduced revenues.
  • A pandemic, epidemic or outbreak of an infectious disease affecting our markets or impacting our facilities or suppliers could adversely impact our business.
  • Disruptions to our supply chain affecting our markets or impacting our facilities or suppliers could prohibit procurement of materials necessary for maintenance of our existing vessels and new vessel build materials and adversely impact our business.
  • Environmental regulations could force us to incur capital and operational costs.
  • We may be affected by market or regulatory responses to climate change.
  • Penalties for late completion of contracts could reduce our profits.
  • Force majeure events could negatively impact our business, operations, revenues, cash flows and profits.
  • The amount of our estimated backlog may change and may not be indicative of future revenues.
  • Loss of a single customer contract could significantly decrease revenue.
  • Inability to obtain secure financing or financing on favorable terms for any future new vessels could negatively impact our business, financial position and/or results of operations.
  • Inability to secure contracts to utilize our new offshore energy vessel could adversely impact our business strategy and have a material adverse effect on our operating results, cash flows or financial condition.
  • Unforeseen delays and cost overruns could postpone delivery of or halt plans to build new vessels and, as a result, negatively impact our business strategy.
  • Our business would be adversely affected if we failed to comply with Jones Act provisions on coastwise trade, or if those provisions were modified, repealed or interpreted differently.
  • If we fail to comply with anti-discrimination laws, including those pertaining to diversity, equity and inclusion programs, we could be subject to legal action and reputational risk.
  • Our operating costs depend significantly on the price of petroleum-based products, and price increases could adversely affect our profits.
  • Our investing and operating costs depend significantly on the prices of new build and general maintenance and repair materials, and price increases due to high nationwide inflation could adversely affect our profits.
  • An inability to obtain bonding or letters of credit would limit our ability to obtain future contracts, which could, along with any draws on existing arrangements, adversely affect our business, operating results, cash flows and financial condition.
  • Acquisitions involve integration, consolidation and strategic risks and may involve significant transaction expenses and unexpected liabilities, which could adversely affect our business and results of operations.
  • Divestitures and discontinued operations could negatively impact our business, and any retained liabilities could adversely affect our financial results.
  • We could face liabilities and/or damage to our reputation as a result of legal and regulatory proceedings.
  • Liabilities for the obligations of our joint ventures and similar arrangements and subcontractors could materially decrease our profitability and liquidity.
  • New tariffs have increased our costs and could adversely affect our business operations, revenues and profits.
  • Our business could suffer in the event of a work stoppage by our unionized labor force.
  • Liabilities imposed by federal laws for job-related claims by seagoing employees could increase our costs and reduce our profitability.
  • The significant operating risks and hazards inherent in the operation of our business could result in personal or property damage, which could result in losses or liabilities to us.
  • Risks Related to our Financing
  • We have substantial indebtedness, which makes us more vulnerable to adverse economic and competitive conditions.
  • Terms and covenants in our financing arrangements limit, and other future financing agreements may limit, our ability to operate our business.
  • Adverse capital and credit market conditions may affect our ability to access capital and meet liquidity needs.
  • Regulatory requirements for derivative transactions could adversely impact our ability to hedge interest rate, currency or commodity risks.
  • We may be subject to foreign exchange risks, which could result in large cash losses.
  • Our investments in, and extensions of payment terms for, privately financed projects could result in significant losses.
  • Risks Related to our Stock
  • Our common stock is subject to restrictions on foreign ownership.
  • Delaware law and our charter documents may impede or discourage a takeover that our stockholders may consider favorable.
  • Our stockholders may not receive dividends because of restrictions in our debt agreements or Delaware law.
  • Significant fluctuations in the market price of our common stock may affect the ability of holders to resell our common stock at prices that they find attractive.
  • We cannot guarantee that our share repurchase program will be fully implemented or that it will enhance long-term stockholder value.
  • General Risk Factors
  • Our methods of accounting for recognized revenue involve significant estimates and could result in a change in previously recorded revenue and profit.
  • Our current insurance coverage may not be adequate, and we may not be able to obtain insurance at acceptable rates, or at all.
  • If we are unable to find, attract and retain skilled labor and key personnel, including governance personnel, our business, results of operations, cash flows or financial condition could be materially and adversely affected.
  • Disruptions, failures, data corruption, cyber-based attacks, security breaches, or regulatory non-compliance affecting our information technology and operational technology systems could materially adversely affect our operations, project execution, regulatory standing, and financial condition.
  • Impairments to our goodwill or other intangible assets could negatively affect our financial condition and results of operations.

Legal proceedings

For additional discussion of certain litigation involving the Company, see the disclosures under “Legal proceedings and other contingencies” included within Note 12, “Commitments and contingencies,” to the Company’s consolidated financial statements.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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    SEC EDGAROther events
  74. 74
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    SEC EDGAROther events
  76. 76
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  78. 78
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    SEC EDGAROther events
  83. 83
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  92. 92
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