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

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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, 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.

Great Lakes Dredge & Dock Corporation Announces New Appointments

HOUSTON, June 23, 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 that its Chief Operating Officer, David E. Simonelli, will retire effective September 16, 2022. After his retirement, he will provide consulting services to the Company.

Great Lakes Dredge & Dock Corporation Announces the Retirement of Chief Operating Officer, David E. Simonelli

SA lists the performance as beating the S&P 500 Index returns for 1-week, 1-month, 6-month, YTD, and 1-yr periods. For 3-yr return period, the stock has equaled the SPY return. Great Lakes Dredge & Dock is expanding into the offshore wind farm construction business with the only Jones Act compliant subsea rock installation vessel.

Great Lakes Dredge & Dock: As Unique As A Tom Jones And Janis Joplin Duet

HOUSTON, June 07, 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 exercise of the contract option to build a second 6,500-cubic-yard-capacity Trailing Suction Hopper Dredge with Conrad Shipyard (“Conrad”) in Amelia, Louisiana. With expected delivery in the first quarter of 2025, the new vessel will be a sister ship to the Galveston Island, presently under construction with delivery in early 2023.

Great Lakes Announces Exercise of Option to Build Second 6,500 cubic yard Trailing Suction Hopper Dredge

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD ) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants Tina Baginskis - Director, IR Lasse Petterson - President and CEO Scott Kornblau - CFO Conference Call Participants Joshua Zoepfel - Noble Capital Markets Jon Tanwanteng - CJS Securities Adam Thalhimer - Thomson Davis DeForest Hinman - Walthausen & Company Operator Good day and thank you for standing by. Welcome to the First Quarter of 2022 for Great Lakes Dredge & Dock Corporation Earnings Conference Call.

Great Lakes Dredge & Dock Corporation (GLDD) CEO Lasse Petterson on Q1 2022 Earnings Call Transcript

Great Lakes Dredge & Dock (GLDD) delivered earnings and revenue surprises of -5.56% and 10.43%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Great Lakes Dredge & Dock (GLDD) Lags Q1 Earnings Estimates

First quarter net income of $11.1 million

Great Lakes Reports First Quarter Results

First offshore wind rock installation contract awarded to a U.S. company First offshore wind rock installation contract awarded to a U.S. company

Great Lakes Dredge & Dock Corporation Awarded Large-Scale U.S. Offshore Wind Rock Installation Project

HOUSTON, April 26, 2022 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three ended March 31, 2022 on Tuesday, May 3, 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. The call-in number is (877) 377-7553 and Conference ID is 1383479. The conference call will be available by replay until Thursday, May 5, 2022 by calling (855) 859-2056 and providing Conference ID 138479. 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 2022 First Quarter Results

HOUSTON, March 31, 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 signing of an important agreement with the College of Engineering at Texas A&M University to provide funding and technical support for what will become the Great Lakes Dredge & Dock Laboratory of Dredging and Coastal Studies.

Great Lakes Announces Significant Agreement with Texas A&M University

HOUSTON, March 17, 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 $132.3 million.

Great Lakes Announces Receipt of $132.3 Million in Awarded Work

Great Lakes Dredge & Dock offers a unique and essential service, is supported by strong US Corps of Engineers investments in its services, and is valued priced.

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