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Army Corps of Engineers in 2023 and we anticipate several more capital projects to enter the market before the end of the year.P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period.

Lasse Petterson, President and Chief Executive Officer said:'The Freeport Channel Improvement Project is one of the first capital projects to be awarded by the U.S. This project also includes the beneficial use of dredged materials on Galveston Island. Work is expected to start in the second half of 2023, with estimated completion in the first quarter of 2024. Army Corps of Engineers, Galveston District and is federally funded. The Galveston Entrance Channel and Houston Ship Channel (Bolivar to Redfish) Dredging Project includes maintenance dredging to maintain associated channel depths. This project is the third-largest domestic award in Great Lakes’ history, the company said. Work is expected to commence in the second half of 2023 with estimated completion in the fourth quarter of 2025. This project will open the state to larger ships. This channel is 7.5 miles and is currently the shortest channel on the Texas Gulf with direct access to the Gulf Intercoastal Waterway. The Freeport Harbor Channel Improvement Project entails deepening the channel to authorized depths of 51 to 56 feet, which will make Port of Freeport the deepest port in Texas. The contracts are for Freeport Harbor Channel Improvement Project, Dredging Reaches 1, 2, and 4 ($157.4 million) and Galveston Entrance Channel and Houston Ship Channel Dredging Project ($29.2 million) Great Lakes Dredge & Dock Corporation, a U.S.-based dredging services giant said Thursday it had secured two major dredging contracts in Texas, worth $186.6 million in total.

Great lakes dredge & dock corp.