1、GREAT LAKES DREDGE&DOCK CORPORATIONANNUAL REPORT 2022GREAT LAKES DREDGE&DOCK CORPORATIONNorth Americas LeaderPhoto this page:The Dredge Ellis Island is the largest hopper dredge in the United States market,with a carrying capacity of 15,000 cubic yards.Front cover photo:Trailing Suction Hopper Dredg
2、e Liberty Island pumping sand from maintenance dredging in Tampa Harbor,Florida as a beneficial use for beach nourishment at nearby Egmont Key.For over 130 years,Great Lakes Dredge&Dock Corporation(“Great Lakes”or the“Company”)has been the leading provider of dredging services in the United States w
3、hich owns and operates the largest and most diverse fleet in the U.S.dredging industry,comprised of approximately 200 specialized vessels.In addition,Great Lakes is fully engaged in expanding its core business into the rapidly developing U.S.offshore wind energy industry.The Company also has a long
4、history of performing significant international projects.Great Lakes employs experienced civil,ocean and mechanical engineering staff in its estimating,production and project management functions.Our Incident-and Injury-Free(IIF)safety management program is integrated into all aspects of the Company
5、s culture.Great Lakes faced many unexpected challenges in 2022,but as we enter 2023 we expect the dredging bid market to gain momentum which should positively impact our results.Our focus is on the future of Great Lakes,and we believe the steps we are taking now will allow us to grow and maintain ou
6、r position as the leader in the dredging industry while continuing to provide quality work to our clients,and a safe work environment for our employees.12022 ANNUAL REPORTFinancial Highlights*Discussion and reconciliation of adjusted EBITDA from continuing operations to net income(loss)attributable