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related topics |
{loan, real, estate} |
{cost, contract, operation} |
{product, liability, claim} |
{customer, product, revenue} |
{operation, international, foreign} |
{cost, operation, labor} |
{investment, property, distribution} |
{interest, director, officer} |
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Great Lakes depends on its ability to continue to obtain federal government dredging contracts, and is therefore greatly impacted by the amount of government funding for dredging projects. A reduction in government funding for dredging contracts can materially reduce Great Lakes revenues and profits.
If Great Lakes is unable, in the future, to obtain bonding for its dredging contracts, Great Lakes ability to obtain future dredging contracts would be limited, thereby adversely affecting Great Lakes business.
Great Lakes business is subject to significant operating risks and hazards that could result in damage or destruction to persons or property, which could result in losses or liabilities to Great Lakes.
Great Lakes is subject to risks related to its international operations.
The amount of Great Lakes estimated backlog is subject to change and not necessarily indicative of future revenues.
Great Lakes profitability is subject to inherent risks because of the fixed-price nature of most of its contracts.
Great Lakes business could suffer in the event of a work stoppage by the Company s unionized labor force.
Great Lakes business would be adversely affected if it failed to comply with the Jones Act provisions on coastwise trade, or if those provisions were modified or repealed.
Great Lakes has a significant amount of indebtedness, which makes Great Lakes more vulnerable to adverse economic and competitive conditions.
Capital expenditures and other costs necessary to operate and maintain Great Lakes vessels tend to increase with the age of the vessel and may also increase due to changes in governmental regulations, safety or other equipment standards.
Great Lakes employees are covered by federal laws that may provide seagoing employees remedies for job-related claims in addition to those provided by state laws.
Environmental regulations could force Great Lakes to incur significant capital and operational costs.
Great Lakes demolition business (NASDI) depends on key customer relationships and its reputation in the Boston contract market developed and maintained by its key operations manager. Loss of any of these elements would materially reduce Great Lakes demolition revenues and profits.
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