Great Lakes Dredge & Dock Corporation (GLDD) 2016年年度报告「NASDAQ」.pdf

1、2016 ANNUAL REPORTGREAT LAKES DREDGE&DOCK CORPORATIONDucks Unlimited,wetlands restoration project in Winnie,Texas.2016 ANNUAL REPORT|LEADING INNOVATIONDuring the past year,Great Lakes raised the U.S.dredging industry to a higher standard by building and launching the barge portion of the largest,sta

2、te-of-the-art Articulated Tug&Barge trailing suction hopper dredge in the United States.The Ellis Island incorporates cutting-edge technology with efficient design to equip the dredging industry with the most productive and proficient dredge in the United States.The addition of the Ellis Island incr

3、eases our ability to take on projects with distant borrow sites as well as provide a wider range of options to execute the dredging needs of the United States Army Corps of Engineers and our other clients.|PAGE 1FINANCIAL HIGHLIGHTS(in thousands,except per share amounts)20162015201420132012Revenue$7

4、67,585$856,878$806,831$731,418$588,430Adjusted EBITDA from Continuing Operations*$71,961$83,014$77,087$98,880$74,741Income(Loss)from Continuing Operations$(8,177)$(6,189)$20,718$19,857$6,295Diluted Earnings(Loss)*$(0.13)$(0.10)$0.34$0.33$0.11Total Assets$893,588$901,625$893,234$852,645$826,468Net De

5、bt*$381,700$342,196$287,847$209,662$238,607*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 operations.*Net D

6、ebt represents outstanding debt less cash.2016 ANNUAL REPORT|LETTER TO SHAREHOLDERSIn our 2015 Annual Letter to Shareholders,we expected 2016 to be a transformational year.This expectation came to fruition,although perhaps at a slower pace than we had hoped.It is no secret that our Company had a dif