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.

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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.

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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.

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OAK BROOK, Ill., Dec.  30, 2019  (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced today the receipt of several major dredging awards totaling $83 million.

Great Lakes Announces Receipt of $83 Million in Awarded Work

OAK BROOK, Ill., Dec.  12, 2019  (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced today their investment in The Florida Aquarium’s coral conservation and restoration work.  The Aquarium’s world-renown coral scientists will benefit from a two-year gift underwritten by Great Lakes.

Great Lakes Underwrites Florida Aquarium Coral Scientists  

Great Lakes Dredge & Dock: Underfollowed Civil Construction Firm With Multiple Long-Term Tailwinds

Great Lakes Dredge & Dock Corporation (GLDD) CEO Lasse Petterson on Q3 2019 Results - Earnings Call Transcript

Higher contribution from dredging businesses in domestic & international markets is likely to reflect on Great Lakes' (GLDD) Q3 results. However, sale of the E&I business is likely to have impacted earnings.

Great Lakes (GLDD) to Report Q3 Earnings: What's in Store?

Great Lakes Dredge & Dock (GLDD) closed the most recent trading day at $10.71, moving +0.75% from the previous trading session.

Great Lakes Dredge & Dock (GLDD) Gains As Market Dips: What You Should Know

OAK BROOK, Ill., Oct.  29, 2019  (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, 2019 on Tuesday, November 5, 2019 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. The call in number is (877) 377-7553 and Conference ID is 9088965. The conference call will be available by replay until Thursday, November 7, 2019 by calling (855) 859-2056 and providing Conference ID 9088965. The live call and replay can also be heard on the Company’s website, www.gldd.com, under Events on the investor relations page. A copy of the press release will be available on the Company’s website.

Great Lakes Dredge & Dock Corporation Schedules Announcement of 2019 Third Quarter Results

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Great Lakes Dredge & Dock (GLDD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Great Lakes Dredge & Dock (GLDD) Rating Upgrade to Strong Buy

OAK BROOK, Ill., Oct.  02, 2019  (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced today the receipt of several major dredging awards totaling $178 million.

Great Lakes Announces Receipt of $178 Million in Awarded Work

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Great Lakes Dredge & Dock (GLDD) closed the most recent trading day at $10.11, moving -0.2% from the previous trading session.

Great Lakes Dredge & Dock (GLDD) Stock Moves -0.2%: What You Should Know

Great Lakes Dredge & Dock has been struggling lately, but the selling pressure may be coming to an end soon.

Great Lakes Dredge & Dock Sees Hammer Chart Pattern: Time to Buy?

Great Lakes Dredge & Dock (GLDD) wins three dredging contracts for 2019 and 2020.

Great Lakes Wins $141M Dredging Contracts, Boosts Revenues

OAK BROOK, Ill., Sept.  11, 2019  (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced today the receipt of several major dredging awards totaling $141 million.

Great Lakes Announces Receipt of $141 Million in Awarded Work

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Great Lakes Dredge & Dock (GLDD) Moves to Strong Buy: Rationale Behind the Upgrade

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Great Lakes Dredge & Dock Corporation (GLDD) CEO Lasse Petterson on Q2 2019 Results - Earnings Call Transcript

Great Lakes Dredge & Dock (GLDD) delivered earnings and revenue surprises of 50.00% and -10.93%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Great Lakes Dredge & Dock Stock (GLDD)