Welcome to our dedicated page for Great Lakes Dredge & Dock Corporation news (Ticker: $GLDD), a resource for investors and traders seeking the latest updates and insights on Great Lakes Dredge & Dock Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Great Lakes Dredge & Dock Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Great Lakes Dredge & Dock Corporation's position in the market.
Great Lakes Dredge & Dock (GLDD) reported strong financial results for the first quarter of 2024 with a net income of $21.0 million, adjusted EBITDA of $42.9 million, and a dredging backlog of $879.4 million. Revenue was $198.7 million, representing an increase of $40.7 million from the first quarter of 2023. The company continues to secure significant projects, particularly in the LNG and offshore wind markets, positioning itself for future growth. GLDD also entered into a $150 million credit agreement to support its new build program and enhance liquidity.
Great Lakes Dredge & Dock (GLDD) will announce its financial results for the first quarter of 2024 on May 7, 2024. The company, a leading dredging services provider in the U.S., is expanding into offshore wind energy. With a strong history of successful international projects and a focus on safety, GLDD is poised for growth.
