Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. It owns and operates a diverse fleet in the United States dredging industry. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Great Lakes Dredge & Dock faces challenges but eyes growth

Great Lakes Dredge & Dock navigated challenges in Q4 2022, but remains optimistic about future growth opportunities.
Despite a net loss in 2022, GLDD's strong competitive position and focus on cost savings planning indicate resilience.
The company's strategic actions to adjust to market conditions and secure backlog projects position it well for future success.

Great Lakes Dredge & Dock reports improved Q1 results and eyes offshore wind market for growth

Great Lakes Dredge & Dock showed improved performance in Q1 2023 with a focus on cost management and strategic growth initiatives.
While challenges like competition and market uncertainties exist, opportunities in offshore wind and government support present avenues for growth.
Maintaining financial stability, managing capital expenditures, and seizing growth opportunities are key focus areas for the company.

Great Lakes Dredge & Dock (GLDD) reports robust Q2 performance and eyes growth opportunities

Great Lakes Dredge & Dock (GLDD) demonstrated resilience and growth potential in Q2 2023 through improved financial performance and strategic initiatives.
While facing challenges from a delayed bid market, GLDD's proactive cost-saving measures and project wins signal a positive outlook for the company.
With a strong backlog, new project opportunities, and entry into the offshore wind market, GLDD is poised for continued success and expansion.

GLDD faces challenges but maintains strong backlog and growth focus

Great Lakes Dredge & Dock navigated a challenging quarter with resilience, focusing on cost efficiency and strategic growth initiatives.
Despite operational hurdles, the company maintained a strong backlog, improved profit margins, and positioned itself for future revenue growth.
Monitoring market developments and project viability while managing financial risks are key priorities for GLDD's sustainable growth and competitiveness.
With a strategic focus on operational improvements, financial stability, and market opportunities, GLDD aims for improved results and shareholder value in the coming years.

Great Lakes Dredge & Dock reports strong Q4 performance and eyes offshore wind market for growth

Great Lakes Dredge & Dock (GLDD) had a strong Q4 2023 marked by improved performance, record backlog, and cost reductions. Despite challenges in the offshore wind market, the company is strategically positioned for growth with opportunities in diversification and new build programs.

Great Lakes Dredge & Dock excels in Q1 2024, eyes offshore wind growth

Great Lakes Dredge & Dock delivered a strong performance in Q1 2024, marked by robust financial results and successful project execution.
While facing challenges in vessel utilization and margin management, the company's strategic strengths and growth opportunities position them for continued success.
By capitalizing on the favorable market conditions and government support, GLDD aims to drive growth and profitability in the dredging and offshore wind sectors.

Great Lakes Dredge & Dock reports strong Q2 performance and growth opportunities

GLDD's Q2 performance reflects solid financial results and a positive outlook for future growth.
The company's strengths lie in securing credit support, maintaining project continuity, and high utilization expectations.
Challenges include limited vessel growth potential and scheduling constraints, while opportunities exist in various markets and projects.

Great Lakes Dredge & Dock reports strong Q3 results and eyes growth opportunities in 2025

GLDD's Q3 performance reflects solid financial results, driven by new contracts and operational advancements.
While facing capital expenditure challenges, the company's liquidity position and positive outlook for 2025 present opportunities for growth.
Strategic focus on increasing utilization, addressing margin performance, and capital allocation will be key to sustaining momentum.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD ) Q3 2024 Earnings Call November 5, 2024 10:00 AM ET Company Participants Tina Baginskis - Director, Investor Relations Lasse Petterson - President and Chief Executive Officer Scott Kornblau - Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital Julio Romero - Sidoti & Company Adam Thalhimer - Thompson Davis Jon Tanwanteng - CJS Operator Good day and thank you for standing by. Welcome to the Q3 2024 Great Lakes Dredge & Dock Corporation Conference Call.

Great Lakes Dredge & Dock Corporation (GLDD) Q3 2024 Earnings Call Transcript

Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.09 per share a year ago.

Great Lakes Dredge & Dock (GLDD) Misses Q3 Earnings Estimates

GLDD's third-quarter 2024 results are likely to reflect solid performance across all its dredging work types.

Great Lakes to Report Q3 Earnings: Here's What You Should Know

HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2024 on Tuesday, November 5, 2024 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same day at 9:00 a.m. C.S.T.

Great Lakes Dredge & Dock Corporation Schedules Announcement of 2024 Third Quarter Results

In the latest trading session, Great Lakes Dredge & Dock (GLDD) closed at $11.52, marking a -1.62% move from the previous day.

Great Lakes Dredge & Dock (GLDD) Stock Falls Amid Market Uptick: What Investors Need to Know

Great Lakes Dredge & Dock (GLDD) reachead $12.12 at the closing of the latest trading day, reflecting a +0.12% change compared to its last close.

Great Lakes Dredge & Dock (GLDD) Rises As Market Takes a Dip: Key Facts

Great Lakes benefits from fleet modernization and a robust bid market. However, high costs and expenses and commodity price risks hurt prospects.

GLDD Banks on Favorable Market Trends Amid High Costs & Expenses

In the latest trading session, Great Lakes Dredge & Dock (GLDD) closed at $11.62, marking a -0.09% move from the previous day.

Great Lakes Dredge & Dock (GLDD) Stock Declines While Market Improves: Some Information for Investors

In the closing of the recent trading day, Great Lakes Dredge & Dock (GLDD) stood at $11.27, denoting a -0.62% change from the preceding trading day.

Great Lakes Dredge & Dock (GLDD) Declines More Than Market: Some Information for Investors

Great Lakes gains on the further boost in backlog after receiving several dredging awards worth $342.3 million.

GLDD Stock to Gain From New Dredging Awards Worth $342 Million

Shares of Great Lakes Dredge & Dock Corp (GLDD, Financial) surged 9.84% in mid-day trading on Oct 2. The stock reached an intraday high of $11.78, before settling at $11.78, up from its previous close of $10.72.

Great Lakes Dredge & Dock Corp (GLDD) Shares Up 9.84% on Oct 2

Great Lakes Dredge & Dock (GLDD) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Great Lakes Dredge & Dock (GLDD) is on the Move, Here's Why the Trend Could be Sustainable

HOUSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the receipt of several dredging awards totaling $342.3 million.

Great Lakes Announces Receipt of $342.3 Million in Awarded Work

Anglogold Ashanti Plc

CoreCard Corp

LSI Industries

OppFi

CCRD, GLDD, LYTS, OPFI and AU have been added to the Zacks Rank #1 (Strong Buy) List on October 1, 2024.

New Strong Buy Stocks for October 1st

Here is how Great Lakes Dredge & Dock (GLDD) and Tutor Perini (TPC) have performed compared to their sector so far this year.

Is Great Lakes Dredge & Dock (GLDD) Stock Outpacing Its Construction Peers This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Great Lakes Dredge & Dock (GLDD) Stock?

In the most recent trading session, Great Lakes Dredge & Dock (GLDD) closed at $10.58, indicating a +0.86% shift from the previous trading day.

Why Great Lakes Dredge & Dock (GLDD) Outpaced the Stock Market Today

GLDD secures a $219M contract for the Sabine-Neches Waterway Channel Improvement Project in Port Arthur, TX, set for completion by 2027.

Great Lakes Wins $219M Firm-Fixed-Price Defense Contract

AxoGen

Bioventus

Bioventus, Great Lakes Dredge & Dock, and AxoGen have been selected as the breakout stocks for today.

First September Gains in 5 Years? Buy 3 Breakout Stocks Now

Great Lakes Dredge & Dock (GLDD) closed at $10.45 in the latest trading session, marking a +1.26% move from the prior day.

Great Lakes Dredge & Dock (GLDD) Advances While Market Declines: Some Information for Investors

HOUSTON, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that its Senior Vice President and Chief Financial Officer, Scott Kornblau, will present at Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference on Wednesday, September 25, 2024, at 9:30 AM Eastern Standard Time. The broadcasted formal presentation will feature a fireside style Q&A. Scheduled 1x1 meetings on Thursday, September 26, 2024, with Scott Kornblau are also available for registered, qualified investor attendees.

Great Lakes Dredge & Dock to Present at Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference on Wednesday, September 25, 2024

Great Lakes Dredge & Dock Corporation (GLDD) has strong growth prospects due to a healthy backlog, robust bidding activity, and federal infrastructure funding support. The company's revenue growth is driven by high-margin capital dredging projects, increasing offshore wind market demand, and diversification into adjacent markets. Margins are expected to improve due to cost-saving measures, favorable project mix, and fleet upgrades, enhancing operational efficiency.

Great Lakes Dredge & Dock: Good Near And Long-Term Growth Prospects

Great Lakes Dredge & Dock (GLDD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Recent Price Trend in Great Lakes Dredge & Dock (GLDD) is Your Friend, Here's Why

Is Great Lakes Dredge & Dock (GLDD) Outperforming Other Construction Stocks This Year?

Great Lakes Dredge & Dock (GLDD) reachead $9.44 at the closing of the latest trading day, reflecting a +0.53% change compared to its last close.

News for Great Lakes Dredge & Dock Stock (GLDD)