OAK BROOK, Ill. (AP) _ Great Lakes Dredge & Dock Corp. (GLDD) on Wednesday reported fourth-quarter net income of $16 million, after reporting a loss in the same period a year earlier.
The Oak Brook, Illinois-based company said it had profit of 25 cents per share. Earnings, adjusted to account for discontinued operations, were 23 cents per share.
The provider of dredging and dock-contracting services posted revenue of $164.3 million in the period.
For the year, the company reported net income of $49.3 million, or 76 cents per share, swinging to a profit in the period. Revenue was reported as $711.5 million.
Great Lakes Dredge & Dock shares have dropped 12% since the beginning of the year. The stock has increased 36% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLDD at https://www.zacks.com/ap/GLDD
