1、2015GREAT LAKES DREDGE&DOCK CORPORATION|2015 ANNUAL REPORTFor over 125 years,Great Lakes Dredge&Dock Corporation has built and maintained much of the nations marine infrastructure and navigation system,protected shorelines and restored habitats.Over the last several years,the Company has broadened i
2、ts capabilities beyond marine-based services and has become a full-service pro-vider of infrastructure solutions,including environmental remediation and geotechnical services.GREAT LAKES DREDGE&DOCK CORPORATION|2015 ANNUAL REPORTFINANCIAL HIGHLIGHTS(In thousands,except per share amounts)201520142013
3、20122011Revenue$856,878$806,831$731,418$588,430$520,134Adjusted EBITDA from continuing operations*$83,014$77,087$98,880$74,741$90,073Income(loss)from continuing operations$(6,189)$20,718$19,857$6,295$16,329Diluted(loss)Earnings*$(0.10)$0.34$0.33$0.11$0.28Total Assets$901,625$893,234$852,645$826,468$
4、788,460Net Debt*$342,613$287,847$209,662$238,607$141,712*Discussion and reconciliation of adjusted EBITDA from continuing operations to net income(loss)attributable to Great Lakes Dredge&Dock is included under Item 7 of our 10-K|*Diluted earnings per share attributable to income from continuing oper
5、ations|*Net Debt represents outstanding debt less cash 1Cutter Suction Dredge Texas and Clamshell Dredge No.54 in PortMiami,FLGREAT LAKES DREDGE&DOCK CORPORATION|2015 ANNUAL REPORTFor Great Lakes,2015 was a year marked by significant accomplishments in our dredging segment and major setbacks in our
6、environmental&remediation segment.Much to the disappointment of our stockholders,management and the Great Lakes Board,we encountered difficulties in executing our environmental&remediation(E&R)strategy.We made significant man agement changes and will continue to act prudently to correct these issues