Great Lakes Dredge & Dock Management
Management criteria checks 3/4
Great Lakes Dredge & Dock's CEO is Lasse Petterson, appointed in May 2017, has a tenure of 8.42 years. total yearly compensation is $4.57M, comprised of 17.9% salary and 82.1% bonuses, including company stock and options. directly owns 1.33% of the company’s shares, worth $9.89M. The average tenure of the management team and the board of directors is 4 years and 7 years respectively.
Key information
Lasse Petterson
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 17.86% |
| CEO tenure | 8yrs |
| CEO ownership | 1.3% |
| Management average tenure | 4yrs |
| Board average tenure | 7yrs |
Recent management updates
Recent updates
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Surges 25% Yet Its Low P/E Is No Reason For Excitement
May 13
Results: Great Lakes Dredge & Dock Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
May 09Increases to CEO Compensation Might Be Put On Hold For Now at Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)
May 01Great Lakes Dredge & Dock: Recent Correction Not Yet A Buying Opportunity
Feb 28Benign Growth For Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Underpins Stock's 25% Plummet
Feb 19These 4 Measures Indicate That Great Lakes Dredge & Dock (NASDAQ:GLDD) Is Using Debt Extensively
Feb 11What Is Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Share Price Doing?
Jan 20
Modernizing Fleet And Diversifying Into Offshore Wind Fuels Robust Growth Prospects
Strategic fleet modernization and diversification into the offshore wind market are poised to enhance operational efficiency and open new revenue streams.Cautious Investors Not Rewarding Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Performance Completely
Sep 20Great 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 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$70m |
| Dec 31 2024 | US$5m | US$816k | US$57m |
| 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$11m |
Compensation vs Market: Lasse's total compensation ($USD4.57M) is about average for companies of similar size in the US market ($USD3.99M).
Compensation vs Earnings: Lasse's compensation has increased by more than 20% in the past year.
CEO
Lasse Petterson (68 yo)
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. He is the President of Great Lakes Dredge...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8yrs | US$4.57m | 1.33% $ 9.9m | |
| Senior VP & CFO | 3.6yrs | US$1.99m | 0.18% $ 1.3m | |
| Senior Vice President of Project Acquisition & Operations | 2.8yrs | US$1.49m | 0.11% $ 826.6k | |
| Senior VP | 4.4yrs | US$1.20m | 0.068% $ 503.1k | |
| Senior Vice President of Project Services & Fleet Engineering | 3.6yrs | US$1.49m | 0.085% $ 628.7k | |
| VP & Chief Accounting Officer | 1.8yrs | no data | 0.012% $ 89.6k | |
| VP and Chief Technology & Information Security Officer | 2.3yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Human Resources & Labor Relations | no data | no data | no data | |
| Senior Vice President of Fleet Engineering | 19.3yrs | no data | no data | |
| Senior Vice President of Market Development | 5.2yrs | US$536.20k | 0.075% $ 560.4k | |
| Senior Vice President of Offshore Energy | 4.3yrs | US$847.84k | 0.048% $ 353.5k |
Experienced Management: GLDD's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.4yrs | US$4.57m | 1.33% $ 9.9m | |
| Independent Director | 8.3yrs | US$167.13k | 0.13% $ 975.0k | |
| Independent Chairman | 8.3yrs | US$274.62k | 0.13% $ 942.4k | |
| Independent Director | 7yrs | US$173.42k | 0.10% $ 770.8k | |
| Independent Director | 3.8yrs | US$169.00k | 0.054% $ 402.4k | |
| Independent Director | 7yrs | US$189.00k | 0.037% $ 277.7k | |
| Independent Director | less than a year | no data | 0.0039% $ 28.8k |
Experienced Board: GLDD's board of directors are considered experienced (7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/27 19:47 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Great Lakes Dredge & Dock Corporation is covered by 10 analysts. 4 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. |