Great Lakes Dredge & Dock Corporation (GLDD) 2014年年度报告「NASDAQ」.pdf

1、&DOCK CORPORATIONGREAT LAKES DREDGE2 0 1 4 A N N U A L R E P O R T GREAT LAKES DREDGE&DOCK CORPORATION 2014 ANNUAL REPORT 12014 YEAR IN REVIEWAs we enter our 125th year in dredging,Great Lakes continues its evolution from being a pure-play dredging con-tractor to a diversified marine and environment

2、al company.2014 marks another significant year in the Companys journey.We would like to review the many accomplishments we achieved in 2014,as well as the challenges we encountered.The dredging segment had a strong year,with record revenue in 2014.We continued to build upon Great Lakes preeminent po

3、sition in the U.S.dredg-ing market,capturing 38 percent of the bid market or$570 million,(with$100 million of options and low bids pending award),and holding record backlog at December 31,2014.Internationally,our work on the com-plex Wheatstone LNG Project,a major port dredging project in Western Au

4、stralia,was completed at the end of 2014.This project highlights the Companys ability to successfully mobilize to nearly anywhere in the worlda capability that we believe will continue to provide opportunities for our dredging segment and can be lev-eraged to pursue environmental and remediation wor

5、k with large companies that have sites in remote locations.As part of our strategy to enhance the Companys operating capabilities via prudent and cost-effective investments and asset management,we made capital outlays over the course of the year.In addition to the purchase of two scows,the construct

6、ion phase on the Articulated Tug&Barge(ATB)hopper dredge began in the third quarter.When the ATB comes online in late 2016,we will be the low cost provider in the market,giving us a unique com-petitive advantage as the anticipated work comes out to bid.The year was not without challenges for our dre