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 Q4 2020

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

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.

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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.

First quarter net loss of $3.2 million First quarter adjusted EBITDA of $10.2 million Dredging backlog of $327.1 million at March 31, 2023

Great Lakes Reports First Quarter 2023 Results

GLDD has been beaten down by many things going wrong, seeing its weakest operating margin in 20 years in 2022.

Great Lakes Dredge & Dock May Offer Recession-Proof Opportunity

HOUSTON, April 25, 2023 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended March 31, 2023 on Tuesday, May 2, 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 First Quarter Results

HOUSTON, March 20, 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 major dredging awards totaling $138.8 million.

Great Lakes Announces Receipt of $138.8 Million in Awarded Work

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD ) Q4 2022 Earnings Conference Call February 15, 2023 10:00 AM ET Company Participants Tina Baginskis - Director, IR Lasse Petterson - President and CEO Scott Kornblau - CFO Conference Call Participants Adam Thalhimer - Thompson Davis Jon Tanwanteng - CJS Securities Joe Gomez - Noble Capital Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2022 Great Lakes Dregde & Dock Corporation Conference Call.

Great Lakes Dredge & Dock Corporation (GLDD) Q4 2022 Earnings Call Transcript

Results from the transportation company failed to match expectations.

Why Great Lakes Dredge & Dock Stock Is Sinking Today

Fourth quarter net loss of $31.2 million Fourth quarter negative adjusted EBITDA of $24.2 million Full year net loss of $34.1 million Full year adjusted EBITDA of $17.0 million Net loss and adjusted EBITDA include $8.1 million charge for retirement of the Terrapin Island hopper dredge in Q4 Dredging backlog of $377.1 million at December 31, 2022

Great Lakes Reports Fourth Quarter and Full Year 2022 Results

HOUSTON, Feb. 08, 2023 (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, 2022 on Wednesday, February 15, 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 2022 Fourth Quarter Results

HOUSTON, Jan. 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 that it will be presenting at the 23rd Annual CJS Securities "New Ideas for the New Year" Investor Conference, to be held virtually on Wednesday, January 11, 2023 at 1:30 pm E.T.

Great Lakes to Present at the 23rd Annual CJS Securities "New Ideas for the New Year" Investor Conference

HOUSTON, Dec. 20, 2022 (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 an update on its fourth quarter 2022 operations.

Great Lakes Provides an Update to Q4 2022

Great Lakes Dredge & Dock is the only publicly traded US dredging firm and has a substantial market share. USACE controls the majority of dredging contracts and is supported by $5.4+ billion of annual gov't spending. The firm's Sept 2022 TTM bid opportunities are valued at $1.8 billion.

Great Lakes Dredge & Dock Is 'Caught In Irons': Hold

HOUSTON, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, provided today an update on their fleet renewal program.

Great Lakes Fleet Renewal Program on Schedule with the Launch of the Galveston Island Last Week

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD ) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET Company Representatives Lasse Petterson - President, Chief Executive Officer Scott Kornblau - Chief Financial Officer Tina Baginskis - Director, Investor Relations Conference Call Participants Joe Gomes - Noble Capital Adam Thalhimer - Thompson Davis Jon Tanwanteng - CJS Securities Andrew Casella - Deutsche Bank Stephen Hansel - Eclectic Investment Partners Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2022 Great Lakes Dregde & Dock Corporation Conference Call.

Great Lakes Dredge & Dock Corporation (GLDD) Q3 2022 Earnings Call Transcript

Great Lakes Dredge & Dock (GLDD) delivered earnings and revenue surprises of -287.50% and 3.45%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Great Lakes Dredge & Dock (GLDD) Reports Q3 Loss, Misses Revenue Estimates

Third quarter net loss of $9.9 million Third quarter adjusted EBITDA of $1.3 million Dredging Backlog of $452.6 million at September 30, 2022

Great Lakes Reports Third Quarter Results

HOUSTON, Oct. 25, 2022 (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, 2022 on Tuesday, November 1, 2022 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 2022 Third Quarter Results

HOUSTON, Oct. 12, 2022 (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 major dredging awards totaling $143.5 million with open options pending award of $102.9 million.

Great Lakes Announces Receipt of $143.5 Million in Awarded Work; Open Options Pending Award of $102.8 Million

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Investors suffered their third unpleasant quarter in a row in the quarter that just ended. After this pounding, quite a few stocks look attractive to me.

After 3rd-Quarter Carnage, Look at the Casualty List

HOUSTON, Aug. 24, 2022 (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 major dredging awards totaling $107.0 million.

Great Lakes Announces Receipt of $107.0 Million in Awarded Work

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD ) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Tina Baginskis - Director, IR and Financial Planning Lasse Petterson - President and CEO Scott Kornblau - CFO Conference Call Participants Joe Gomes - Noble Capital Adam Thalhimer - Thompson Davis Jon Tanwanteng - CJS Securities Poe Fratt - Alliance Operator Good day, and thank you for standing by. Welcome to the Q2 2022 Great Lakes Dregde & Dock Corporation Earnings Conference Call.

Great Lakes Dredge & Dock Corporation (GLDD) CEO Lasse Petterson on Q2 2022 Results - Earnings Call Transcript

Its Q2 results were not good, and while the future should be better, the company expects to miss full-year guidance.

Why Great Lakes Dredge & Dock Stock Fell 20% at the Open Today

Great Lakes Dredge & Dock (GLDD) delivered earnings and revenue surprises of -126.09% and 19.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Great Lakes Dredge & Dock (GLDD) Reports Q2 Loss, Lags Revenue Estimates

Second quarter net loss of $4.0 million Second quarter adjusted EBITDA of $10.2 million Backlog of $373.8 million at June 30, 2022

Great Lakes Reports Second Quarter Results

HOUSTON, July 26, 2022 (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, 2022 on Tuesday, August 2, 2022 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 2022 Second Quarter Results

HOUSTON, July 26, 2022 (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 the appointments, effective August 1, 2022, of David Johanson to the position of SVP, Project Acquisition & Operations, and of Christopher G. Gunsten, P.E. to the position of SVP, Project Services & Fleet Engineering. These two positions will fill the roles currently held by the Company's Chief Operating Officer, David E. Simonelli, who is retiring on September 16, 2022. Mr. Simonelli will oversee the transition and continue to serve the Company as a consultant following his retirement.

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