But there's only one catalyst for the firm that is still keeping me optimistic to the point of granting it a more neutral rating. In most circumstances, I would rate a company like this rather bearishly. What's more, backlog for the company continues to decline. Revenue, profits, and cash flows have all taken a hit.

Shares have taken a beating over the past several months, but this decline was not necessarily unwarranted. Some of its work also includes coastal restoration and land reclamation, trench digging for pipelines, and more.

Its work spans government projects, projects for private industry, and even touches on newer industries like the offshore wind market. As its name suggests, the company is involved in the business of providing dredging services. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.One company that just cannot seem to catch a break is Great Lakes Dredge & Dock ( NASDAQ: GLDD). The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. It operates hydraulic dredges, hopper dredges, mechanical dredges, unloader, drill boat, and material and other barges equipment. The company serves federal, state, and local governments foreign governments and domestic and foreign private concerns, such as utilities, oil, and other energy companies. It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments land reclamations, channel deepening, and port infrastructure development and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects.

The company engages in capital dredging that consists of port expansion projects coastal restoration and land reclamations trench digging for pipelines, tunnels, and cables and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. Great Lakes Dredge & Dock Corporation provides dredging services in the United States.

Great lakes dredge and dock salary