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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HOUSTON, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes Dredge & Dock” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today the signing of a $92.5 million dredging contract for the Houston Ship Channel Widening and Improvement Project 11. This is the first phase of the extensive, multi-phase Houston Ship Channel billion-dollar expansion and deepening program. Dredging is expected to commence in the first quarter of 2022 with estimated completion in the fourth quarter of 2022.

Great Lakes Dredge & Dock Announces Receipt of $92.5 Million Houston Ship Channel Widening and Improvement Project 11 Award

Great Lakes Dredge & Dock (GLDD) is set to support Philly Shipyard to build the subsea rock installation vessel for the U.S. offshore wind.

Great Lakes (GLDD) to Build First Jones Act Fallpipe Vessel

Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) signed a contract with Philly Shipyard, Inc to build the first U.S.-flagged Jones Act-compliant, inclined fallpipe vessel for subsea rock installation. This contract is valued at ~$197 million.

Great Lakes Dredge & Dock Inks Contract With Philly Shipyard To Build Jones-Act Compliant Vessel

HOUSTON, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes Dredge & Dock” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today that the Company has signed a contract with Philly Shipyard, Inc (OSE: PHLY) to build the first U.S.-flagged Jones Act-compliant, inclined fallpipe vessel for subsea rock installation. This vessel will service America's growing offshore wind energy industry and help reach the Biden administration's ambitious 30 GW of offshore wind goal by 2030.

Great Lakes Dredge & Dock Corporation Signs Contract with Philly Shipyard, Inc. to Build the First Jones-Act Compliant Subsea Rock Installation Vessel for U.S. Offshore Wind

Great Lakes Dredge & Dock Corporation (GLDD) CEO Lasse Petterson on Q3 2021 Results - Earnings Call Transcript

Great Lakes Dredge & Dock (GLDD) delivered earnings and revenue surprises of -27.59% and -13.52%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Great Lakes Dredge & Dock (GLDD) Q3 Earnings and Revenues Lag Estimates

Great Lakes Dredge & Dock (GLDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Great Lakes Dredge & Dock (GLDD) to Report Q3 Results: Wall Street Expects Earnings Growth

HOUSTON, Oct. 14, 2021 (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 $88.1 million.

Great Lakes Announces Receipt of $88.1 Million in Awarded Work

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has appointed Scott Kornblau as its Senior Vice President and Chief Financial Officer effective immediately. Mr. Kornblau succeeds Mark Marinko, who has left the company to pursue other opportunities in the Chicago area.

Great Lakes Names Scott Kornblau As New Finance Chief

HOUSTON, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Co. (NASDAQ:GLDD), the nation's largest provider of dredging servicers, has appointed Scott Kornblau as its Senior Vice President and Chief Financial Officer effective immediately.

Great Lakes Dredge & Dock Corporation Appoints Scott Kornblau as Senior Vice President and Chief Financial Officer

Great Lakes Dredge & Dock (GLDD) is set to support Project Vesta's initiative to address coastal erosion and climate change impacts.

Great Lakes (GLDD) Joins Project Vesta for Carbon Removal Process

HOUSTON, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today a first-of-its-kind partnership with Project Vesta, a clean technology pioneer developing a new way to use sand to remove excess carbon dioxide from the atmosphere.

Great Lakes Announces Partnership with Project Vesta

Great Lakes Dredge & Dock (GLDD) is set to support the overall improvement and resiliency of the country's environment, coastlines, and infrastructure.

Great Lakes (GLDD) Wins Multiple Dredging Deals, Boosts Backlog

HOUSTON, Sept. 13, 2021 (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 $261.3 million.

Great Lakes Announces Receipt of $261.3 Million in Awarded Work

Great Lakes Dredge & Dock Corp (GLDD) CEO Lasse Petterson on Q2 2021 Results - Earnings Call Transcript

Great Lakes Dredge & Dock (GLDD) delivered earnings and revenue surprises of -85.71% and -4.54%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Great Lakes Dredge & Dock (GLDD) Misses Q2 Earnings and Revenue Estimates

Second quarter net income of $2.1 million

Great Lakes Reports Second Quarter Results

HOUSTON, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Company") (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that Earl Shipp was appointed to its Board of Directors. His appointment as a new independent director was effective July 29, 2021.  In addition, upon his appointment, the Board was increased to eight members.

Great Lakes Announces a New Appointment to the Board of Directors

Great Lakes Dredge & Dock (GLDD) Earnings Expected to Grow: What to Know Ahead of Q2 Release

HOUSTON, July 27, 2021 (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, 2021 on Tuesday, August 3, 2021 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. The call in number is (877) 377-7553 and Conference ID is 1152128. The conference call will be available by replay until Tuesday, August 10, 2021 by calling (855) 859-2056 and providing Conference ID 1152128. 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 2021 Second Quarter Results

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HOUSTON, June 04, 2021 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced their participation in the Stifel Virtual Cross Sector Insight Conference on Wednesday, June 9, 2021.

Great Lakes to Participate in the Stifel Virtual Cross Sector Insight Conference on Wednesday, June 9th

HOUSTON, May 26, 2021 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced their participation in Noble Capital Markets Virtual Road Show Series, presented by Channelchek, scheduled for June 2, 2021.

News for Great Lakes Dredge & Dock Stock (GLDD)