The outlook for bid opportunities utilizing marine construction equipment over both the medium and long term remains favorable. As the company expected, first quarter dredge utilization fell sequentially as compared to the fourth quarter of 2012. Contributing to this decrease were gaps in the schedule of projects involving dredging services along with the typical seasonality seen this time of the year. Dredge utilization should improve as the company moves into its seasonally stronger quarters in the back half of the year.
- Investment & Company Information