- Posted record quarterly earnings in our demolition segment, led by strong fourth quarter results on the I-10 bridge project in Louisiana;
- Increased domestic dredging backlog as a result of an improved annual win rate to 43% of our bid market in the current year;
- Won the East Hidd dredging project, a land reclamation project in Bahrain, of which our portion is $34 million;
- Strong execution on projects in our rivers & lakes division and achieved our forecasted expectations for 2011; and
- Sold the dredge Northerly Island, located in Bahrain, and a piece of property in Texas, for total gains of $8.6 million.
Great Lakes Reports Year End Results
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