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.

Great Lakes Dredge & Dock is a 138-year-old company specializing in coastal and harbor dredging, and coastal restoration. It is the largest US dredging company. If share prices break above $12 (currently at $11.12), the pattern will become a Spread Triple Top Breakout. This is an immensely powerful bullish trading signal.

Great Lakes Dredge & Dock: Buy This 'Rollin', Rollin', Rollin'' Infrastructure Stock

Great Lakes Dredge & Dock Corp (GLDD) CEO Lasse Petterson on Q3 2020 Results - Earnings Call Transcript

  Shares of Great Lakes Dredge & Dock (NASDAQ:GLDD) remained unaffected after the company reported Q3 results.

Great Lakes Dredge & Dock: Q3 Earnings Insights

OAKBROOK TERRACE, Ill., Oct. 27, 2020 (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, 2020 on Wednesday, November 4, 2020 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 1494155. The conference call will be available by replay until Friday, November 6, 2020 by calling (855) 859-2056 and providing Conference ID 1494155. 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 2020 Third Quarter Results

HOUSTON, Oct. 22, 2020 /PRNewswire/ -- Great Lakes Dredge & Dock Co. (NASDAQ: GLDD) announced today it is moving its corporate headquarters to Houston, the latest milestone for what began in 1890 as a fledgling Chicago marine construction firm and has since grown into the country's...

Great Lakes Dredge & Dock Co., nation's largest provider of dredging services, moving headquarters to Houston

OAK BROOK, Ill., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ:GLDD), the largest provider of dredging services in the United States announced today that they have increased their investment in coral conservation and restoration work at The Florida Aquarium in Tampa, Florida. 

Great Lakes Provides Additional Funding to The Florida Aquarium to Support Coral Solutions

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OAK BROOK, Ill., Oct. 02, 2020 (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 $59.8 million.

Great Lakes Announces Receipt of $59.8 Million in Awarded Work Resulting in a Total of $416.8 Million of Awards for the Third Quarter of 2020

Great Lakes Dredge & Dock (GLDD) is set to perform deepening work at Jacksonville Harbor Construction Dredging, 47-Foot Contract C Cut-42 Project.

Great Lakes Fortifies Dredging Business With $105M Contract

OAK BROOK, Ill., Sept.  25, 2020  (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 a $105 million Base and Option B contract award on the Jacksonville Harbor Construction Dredging, 47-Foot Contract C Cut-42 Project. Great Lakes expects the U.S. Army Corps of Engineers to award additional option work items on the contract by mid-2021 with a value of $11.5 million, resulting in a total contract award of $116.5 million. Dredging is expected to commence in the fourth quarter of 2020 with estimated completion of both base contract and all options in the second quarter of 2022.

Great Lakes Announces Receipt of $105 Million Jacksonville Deepening Award

OAK BROOK, Ill., Sept.  16, 2020  (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 $118.8 million.

Great Lakes Announces Receipt of $118.8 Million in Awarded Work

Great Lakes Dredge & Dock (GLDD) wins six dredging contracts to support the overall improvement and resiliency of the country's environment, coastlines as well as infrastructure.

Great Lakes Wins Multiple Dredging Contracts Worth $117.8M

OAK BROOK, Ill., Aug.  20, 2020  (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 $117.8 million.

Great Lakes Announces Receipt of $117.8 Million in Awarded Work

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Great Lakes Dredge is a 130-year-old company specializing in coastal and harbor dredging, and coastal restoration. It is the largest US dredging company.

Great Lakes Dredge And Dock: The 'Ry Cooder' Of Infrastructure Stocks

Great Lakes Dredge & Dock Corporation (GLDD) CEO Lasse Petterson on Q2 2020 Results - Earnings Call Transcript

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OAK BROOK, Ill., Aug.  04, 2020  (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 the Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $75 million of its common stock.

Great Lakes Announces Share Repurchase Program

Great Lakes Dredge & Dock (GLDD) closed the most recent trading day at $8.53, moving +0.47% from the previous trading session.

Great Lakes Dredge & Dock (GLDD) Gains But Lags Market: What You Should Know

OAK BROOK, Ill., July  28, 2020  (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, 2020 on Tuesday, August 4, 2020 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 1658815. The conference call will be available by replay until Thursday, August 6, 2020 by calling (855) 859-2056 and providing Conference ID 1658815. 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 2020 Second Quarter Results

OAK BROOK, Ill., July  28, 2020  (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States announced the signing of a subcontract with Bechtel Oil, Gas and Chemicals, Inc., (“Bechtel”).  Bechtel is the Engineering, Procurement & Construction (EPC) contractor for the Train 6 and Third Berth expansions at the Sabine Pass Liquefaction Project (“SPL Project”) for subsidiaries of Cheniere Energy Partners, L.P. (“Cheniere Partners”).

Great Lakes Announces the Signing of a Subcontract with Bechtel for Sabine Pass LNG Third Marine Berth Dredging Work

Planned dry dockings of vessels are likely to ail Great Lakes & Dock's (GLDD) second-quarter results.

Will Planned Dry Dockings Ail Great Lakes (GLDD) Q2 Earnings?

OAK BROOK, Ill., July  14, 2020  (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ:GLDD), the largest provider of dredging services in the United States, is scheduled to present in the Noble Capital Markets Virtual Roadshow Series on Wednesday, July 15, 2020 at 10 a.m. C.D.T.

Great Lakes to Present in the Noble Capital Markets Virtual Roadshow Series

Great Lakes Dredge & Dock (GLDD) wins four dredging contracts to support the overall improvement and resiliency of coastlines.

Great Lakes Receives $51.1M Multiple Dredging Contracts

OAK BROOK, Ill., July  06, 2020  (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 dredging awards totaling $51.1 million.

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