Great Lakes’ bidding success in the first quarter, along with the addition of the Wheatstone LNG project in Australia, resulted in record dredging backlog and pending awards of $539 million at March 31, 2012, which compares favorably to $355 million at December 31, 2011. Rivers & lakes backlog and pending awards at March 31, 2012 were $43.4 million, a record level for this division. The Company’s contracted dredging backlog was $524 million at March 31, 2012 compared to $319 million at December 31, 2011.Demolition segment backlog was $60 million and $51 million at March 31, 2012 and December 31, 2011, respectively.
Great Lakes Reports First Quarter 2012 Results
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