Prolonged dry dockings, supply chain woes, fuel inflation and poor weather combined to hurt financial results in 2022's first half for Great Lakes Dredge & Dock, the largest dredging contractor in the U.S.
Bidding for beach and maintenance projects also was slower than usual in the first half of the year, said Lasse Petterson, company CEO, in a conference call with investment analysts on Aug. 2.