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.

HOUSTON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and twelve months ended December 31, 2023 on Wednesday, February 14, 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 2023 Fourth Quarter Results

Great Lakes' (GLDD) strong bidding ability and project execution bode well. Yet, macroeconomic woes continue to hurt.

Will Great Lakes' (GLDD) Contract Winning Spree Aid in 2024?

HOUSTON, Jan. 04, 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 Empire Offshore Wind LLC (“Empire Wind”) has informed Great Lakes in consortium with Van Oord (“the Consortium”), of the termination of the rock installation contract for Empire Wind II which was set to commence in 2026.

Great Lakes Provides Update on Empire Wind I and II Contracts

HOUSTON, Dec. 28, 2023 (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 $173.7 million.

Great Lakes Announces Receipt of $173.7 Million in Awarded Work

HOUSTON, Dec. 21, 2023 (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 that its MARAD Title XI Financing application for its offshore wind rock installation vessel, the Acadia, has been updated to the "Completed" category, indicating the loan process is moving towards the final phase.

Great Lakes Dredge & Dock Co. Announces Significant Status Update on its Maritime Administration (“MARAD”) Title XI Financing Application

Great Lakes' (GLDD) strong bidding ability and project execution bode well.

Great Lakes (GLDD) Receives Third Rock Installation Contract

HOUSTON, Dec. 04, 2023 (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 it was awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States. The Company's prior contracts have been for subsea rock installation for foundation stabilization, and this contract represents a new utilization for its planned vessel.

Third Offshore Wind Rock Installation Contract Awarded to Great Lakes Dredge & Dock Corporation

HOUSTON, Nov. 28, 2023 (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 President and Chief Executive Officer, Lasse Petterson, and its Senior Vice President, Chief Financial Officer and Treasurer, Scott Kornblau, will be presenting and hosting one-on-one meetings with investors at the Sidoti December Small Cap Virtual Investor Conference, taking place on December 6, 2023.

Great Lakes Dredge & Dock to Present at Sidoti December Small Cap Virtual Conference on Wednesday, December 6, 2023

HOUSTON, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, today announced that its President and Chief Executive Officer Lasse Petterson and its Senior Vice President, Chief Financial Officer and Treasurer, Scott Kornblau, will present at NobleCon19 - Noble Capital Markets' 19th Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex, in Boca Raton, Florida, on Monday, December 4, 2023 at 10:30 AM Eastern Standard Time. There will also be an opportunity to meet with management during a breakout session scheduled immediately following the presentation.

Great Lakes Dredge & Dock to Present at Noble Capital Markets' 19th Annual Emerging Growth Equity Conference on Monday, December 4, 2023

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD ) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Tina Baginskis - Director, IR Lasse Petterson - President and CEO Scott Kornblau - SVP and CFO Conference Call Participants Joe Gomes - NOBLE Capital Markets Adam Thalhimer - Thompson, Davis Jon Tanwanteng - CJS Securities William Hong - Reorg Research Jacob Christensen - Axebrook Capital Operator Good day and thank you for standing by. Welcome to the Q3 2023 Great Lakes Dredge & Dock Corp Earnings Conference Call.

Great Lakes Dredge & Dock Corporation (GLDD) Q3 2023 Earnings Call Transcript

Third quarter net loss of $6.2 million Third quarter adjusted EBITDA of $5.3 million Dredging backlog o f $1.03 billion at Se ptember 30, 2023

Great Lakes Reports Third Quarter 2023 Results

HOUSTON, Oct. 31, 2023 (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, 2023 on Tuesday, November 7, 2023 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 2023 Third Quarter Results

HOUSTON, Oct. 10, 2023 (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 delivery of the Cape Hatteras and the Cape Canaveral, the two Damen 3013 Multi Cats built by Conrad Shipyard in Morgan City, LA.

Great Lakes Announces Delivery of Their Multi Cats, the Cape Hatteras and the Cape Canaveral

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HOUSTON, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, today announced their participation in Noble Capital Markets' C-Suite Interview Series, presented by Channelchek.

Great Lakes Announces Participation in Noble Capital Markets C-Suite Interview Series

Great Lakes Dredge & Dock's revenue growth is expected to benefit from recent project wins, entry in the US offshore wind market, as well as bipartisan support for infrastructure funding. The company's backlog has significantly increased, indicating a strong bid market and potential for meaningful revenue recovery in Q4 2023 and FY2024. GLDD's margins should also benefit from improved utilization in the coming quarters.

Great Lakes Dredge & Dock: Turnaround In The Bidding Market Makes It A Good Buy

Great Lakes (GLDD) secures $177 million dredging contracts for coastal protection and maintenance, contributing to environmental and infrastructure resiliency.

Great Lakes (GLDD) Wins Key Dredging Contracts Worth $177M

HOUSTON, Sept. 19, 2023 (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 $177 million.

Great Lakes Announces Receipt of $177 Million in Awarded Work; Dredging Backlog at Approximately $1.1 Billion to Date

With this contract, Great Lakes' (GLDD) backlog and recent pending awardable work now exceed $1 billion.

Great Lakes (GLDD) Wins Contract for Port Arthur LNG Phase 1

HOUSTON, Aug. 23, 2023 (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 award for the Port Arthur LNG Phase 1 project Marine Dredging and Disposal contract.

Great Lakes Awarded the Dredge and Environmentally Beneficial Disposal Contract for the Port Arthur LNG Project

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD ) Q2 2023 Results Conference Call August 1, 2023 10:00 AM ET Company Participants Tina Baginskis - Director of Investor Relations Lasse Petterson - President and Chief Executive Officer Scott Kornblau - Senior Vice President and Chief Financial Officer Conference Call Participants Adam Thalhimer - Thompson, Davis Joe Gomes - NOBLE Capital Pete Lukas - CJS Securities Operator Good day, and thank you for standing by. Welcome to the Second Quarter 2023 Great Lakes Dredge & Dock Corporation Earnings Conference Call.

Great Lakes Dredge & Dock Corporation (GLDD) Q2 2023 Earnings Call Transcript

Second quarter net income of $1.7 million Second quarter adjusted EBITDA of $16.6 million Dredging backlog of $434.6 million at June 30, 2023

Great Lakes Reports Second Quarter 2023 Results

HOUSTON, July 27, 2023 (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 signing of the first ever subcontract for procurement of rock for a U.S. offshore wind farm with Carver Sand & Gravel LLC (“Carver”), a U.S. quarry in the state of New York.

Great Lakes Signs First Rock Supply Subcontract for U.S. Offshore Wind Farms with New York Quarry, Carver Sand & Gravel LLC

HOUSTON, July 25, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and six months ended June 30, 2023 on Tuesday, August 1, 2023 at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T.

Great Lakes Dredge & Dock Corporation Schedules Announcement of 2023 Second Quarter Results

HOUSTON, July 24, 2023 (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 Notice to Proceed to perform essential improvements to the Brownsville Ship Channel for NextDecade Corporation's (“NextDecade”) (NASDAQ: NEXT) Rio Grande LNG (“RGLNG”) project.

Great Lakes Receives Notice to Proceed on Largest Project Undertaken in its History for the Dredge and Disposal Construction Agreement with NextDecade Corporation

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