Although not all challenges are behind us, our solid quarter is a result of improved project performance and weather conditions and the benefits from our cost savings initiatives. Lasse Petterson, President and Chief Executive Officer commented, “The second quarter reflects improved performance, resulting in improved net income and our highest adjusted EBITDA since the first quarter of 2022. Adjusted EBITDA was $16.6 million for the second quarter.Net income was $1.7 million for the second quarter.Total operating income was $3.7 million for the second quarter.
Revenue was $132.7 million for the second quarter.01, 2023 (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the quarter ended June 30, 2023. Second quarter net income of $1.7 million Second quarter adjusted EBITDA of $16.6 million Dredging backlog of $434.6 million at June 30, 2023
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