Great Lakes Dredge & Dock Management
Management criteria checks 4/4
Great Lakes Dredge & Dock's CEO is Lasse Petterson, appointed in May 2017, has a tenure of 7.58 years. total yearly compensation is $3.22M, comprised of 24.4% salary and 75.6% bonuses, including company stock and options. directly owns 0.99% of the company’s shares, worth $7.59M. The average tenure of the management team and the board of directors is 3.5 years and 7.3 years respectively.
Key information
Lasse Petterson
Chief executive officer
US$3.2m
Total compensation
| CEO salary percentage | 24.4% |
| CEO tenure | 7.6yrs |
| CEO ownership | 1.0% |
| Management average tenure | 3.5yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
Cautious Investors Not Rewarding Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Performance Completely
Sep 20
Great Lakes Dredge & Dock: Good Near And Long-Term Growth Prospects
Sep 18Some Investors May Be Worried About Great Lakes Dredge & Dock's (NASDAQ:GLDD) Returns On Capital
Aug 28Is Now An Opportune Moment To Examine Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)?
Aug 08Great Lakes Dredge & Dock: Another Look At This Infrastructure Play
Jun 27Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Stock Rockets 27% But Many Are Still Ignoring The Company
May 21We Discuss Why Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) CEO Compensation May Be Closely Reviewed
May 03Great Lakes Dredge & Dock (NASDAQ:GLDD) Will Want To Turn Around Its Return Trends
Apr 17Great Lakes Dredge & Dock: A Good Opportunity With Minimal Downside Risk
Feb 24A Piece Of The Puzzle Missing From Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) 27% Share Price Climb
Feb 15Great Lakes Dredge & Dock (NASDAQ:GLDD) Has Debt But No Earnings; Should You Worry?
Jan 26Is Great Lakes Dredge & Dock (NASDAQ:GLDD) Weighed On By Its Debt Load?
Sep 11Is Great Lakes Dredge & Dock (NASDAQ:GLDD) Weighed On By Its Debt Load?
May 04Great Lakes Dredge & Dock bags contracts worth $143.5M, open options worth $102.9M
Oct 12Returns At Great Lakes Dredge & Dock (NASDAQ:GLDD) Are On The Way Up
Oct 12Does Great Lakes Dredge & Dock (NASDAQ:GLDD) Have A Healthy Balance Sheet?
Sep 22Great Lakes Dredge & Dock: Insider Buying In This Infrastructure Name
Sep 06Great Lakes Dredge & Dock totals $107M in awarded work
Aug 24Great Lakes Dredge & Dock Q2 2022 Earnings Preview
Aug 01Great Lakes Dredge & Dock: As Unique As A Tom Jones And Janis Joplin Duet
Jun 15Returns At Great Lakes Dredge & Dock (NASDAQ:GLDD) Are On The Way Up
Jun 14Great Lakes Dredge & Dock: 'Quality, Comfort, And Price... That's Nice'
Mar 15Returns On Capital Are Showing Encouraging Signs At Great Lakes Dredge & Dock (NASDAQ:GLDD)
Feb 17Great Lakes Dredge & Dock (NASDAQ:GLDD) Is Experiencing Growth In Returns On Capital
Nov 12Great Lakes Dredge & Dock (NASDAQ:GLDD) Might Have The Makings Of A Multi-Bagger
May 31Great Lakes Dredge & Dock to raise $325M in senior notes offering
May 10Great Lakes slips ~7% after Q1 estimates miss, weak margins
May 04The Compensation For Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) CEO Looks Deserved And Here's Why
Apr 29Great Lakes Dredge & Dock (NASDAQ:GLDD) Seems To Use Debt Quite Sensibly
Apr 10When Should You Buy Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)?
Mar 28Should You Review Recent Insider Transactions At Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)?
Mar 16How Much Of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Do Institutions Own?
Mar 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$59m |
| Jun 30 2024 | n/a | n/a | US$44m |
| Mar 31 2024 | n/a | n/a | US$38m |
| Dec 31 2023 | US$3m | US$785k | US$14m |
| Sep 30 2023 | n/a | n/a | -US$39m |
| Jun 30 2023 | n/a | n/a | -US$43m |
| Mar 31 2023 | n/a | n/a | -US$48m |
| Dec 31 2022 | US$4m | US$785k | -US$34m |
| Sep 30 2022 | n/a | n/a | US$22m |
| Jun 30 2022 | n/a | n/a | US$46m |
| Mar 31 2022 | n/a | n/a | US$52m |
| Dec 31 2021 | US$3m | US$755k | US$49m |
| Sep 30 2021 | n/a | n/a | US$35m |
| Jun 30 2021 | n/a | n/a | US$34m |
| Mar 31 2021 | n/a | n/a | US$41m |
| Dec 31 2020 | US$3m | US$725k | US$66m |
| Sep 30 2020 | n/a | n/a | US$70m |
| Jun 30 2020 | n/a | n/a | US$67m |
| Mar 31 2020 | n/a | n/a | US$69m |
| Dec 31 2019 | US$4m | US$700k | US$56m |
| Sep 30 2019 | n/a | n/a | US$46m |
| Jun 30 2019 | n/a | n/a | US$49m |
| Mar 31 2019 | n/a | n/a | US$39m |
| Dec 31 2018 | US$3m | US$700k | US$11m |
| Sep 30 2018 | n/a | n/a | US$3m |
| Jun 30 2018 | n/a | n/a | -US$12m |
| Mar 31 2018 | n/a | n/a | -US$18m |
| Dec 31 2017 | US$3m | US$467k | -US$15m |
Compensation vs Market: Lasse's total compensation ($USD3.22M) is about average for companies of similar size in the US market ($USD3.21M).
Compensation vs Earnings: Lasse's compensation has been consistent with company performance over the past year.
CEO
Lasse Petterson (68 yo)
7.6yrs
Tenure
US$3,217,764
Compensation
Mr. Lasse J. Petterson has been the Chief Executive Officer of Great Lakes Dredge & Dock Corporation since May 2, 2017 and has been its President since March 2020. Mr. Petterson served as the President and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 7.6yrs | US$3.22m | 0.99% $ 7.6m | |
| Senior VP & Chief Financial Officer | 3.2yrs | US$1.55m | 0.098% $ 756.8k | |
| Senior Vice President of Project Acquisition & Operations | 2.4yrs | US$794.99k | 0.074% $ 567.5k | |
| Senior VP | 4yrs | US$851.89k | 0.025% $ 192.5k | |
| Senior Vice President of Offshore Wind | 3.9yrs | US$847.84k | 0.054% $ 417.4k | |
| Senior Vice President of Project Services & Fleet Engineering | 3.2yrs | US$794.99k | 0.043% $ 328.6k | |
| VP & Chief Accounting Officer | 1.3yrs | no data | 0.0017% $ 12.8k | |
| VP and CTO of Technology & Innovation | 1.9yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior Vice President of Fleet Engineering | 18.9yrs | no data | no data | |
| Senior Vice President of Market Development | 4.8yrs | US$536.20k | 0.053% $ 404.4k | |
| Senior Vice President of East Coast Region | no data | no data | no data |
3.5yrs
Average Tenure
58yo
Average Age
Experienced Management: GLDD's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8yrs | US$3.22m | 0.99% $ 7.6m | |
| Independent Director | 7.9yrs | US$176.74k | 0.13% $ 967.8k | |
| Independent Chairman | 7.9yrs | US$271.50k | 0.12% $ 938.9k | |
| Independent Director | 6.6yrs | US$168.40k | 0.10% $ 773.5k | |
| Independent Director | 3.4yrs | US$165.89k | 0.048% $ 369.1k | |
| Independent Director | 6.6yrs | US$189.00k | 0.038% $ 290.3k |
7.3yrs
Average Tenure
69yo
Average Age
Experienced Board: GLDD's board of directors are considered experienced (7.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 08:33 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Great Lakes Dredge & Dock Corporation is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Kaplowitz | Barclays |
| John Kasprzak | BB&T Capital Markets |
| Jonathan Tanwanteng | CJS Securities, Inc. |