Great Lakes Dredge & Dock Corp Stock Price, News & Analysis

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), America's largest dredging services provider, has secured seven new contracts totaling $134 million. The projects include major maintenance and coastal protection work across multiple U.S. locations, with values ranging from $8.7 million to $27.9 million.

The awarded projects span across Louisiana, North Carolina, Virginia, Florida, New York, Arkansas, Oklahoma, and Delaware, primarily funded by federal sources with some state and local contributions. All projects are scheduled to commence in Q4 2025, except for the Indian River Inlet project which began in Q3 2025.

CEO Lasse Petterson confirmed that despite the current government shutdown, operations remain unaffected as these projects are fully funded. The new awards strengthen GLDD's backlog, providing revenue visibility through 2025 and into 2026.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest dredging services provider in the United States, announced that CFO Scott Kornblau will present at the Sidoti Small Cap Virtual Conference on September 18, 2025, at 12:15 PM ET.

The company has a 135-year history of completing marine projects and operates the largest fleet in the U.S. dredging industry with approximately 200 specialized vessels. Great Lakes is expanding into the offshore energy industry and maintains a strong focus on safety through its Incident-and Injury-Free® (IIF®) program.

Great Lakes Dredge & Dock (NASDAQ: GLDD), America's largest dredging services provider, has announced the delivery of its newest Jones Act-compliant hopper dredge, the Amelia Island, from Conrad Shipyard in Louisiana.

The vessel features impressive specifications including 346 feet in length, 16,500 total horsepower, and a hopper capacity of 6,330 yd³. The dredge is equipped with EPA Tier IV rated engines for low emissions and two 800mm trailing suction pipes capable of dredging depths up to 100 feet.

As the company's sixth hopper dredge, the Amelia Island completes GLDD's dredging newbuild program, resulting in the largest and most advanced hopper fleet in the United States. The vessel is already fully scheduled for work through 2025 and 2026.

Great Lakes Dredge & Dock (NASDAQ:GLDD), the largest U.S. dredging services provider, reported strong Q2 2025 results with revenue of $193.8 million and net income of $9.7 million. The company maintained a robust $1.0 billion dredging backlog with an additional $215.4 million in pending awards.

Key operational highlights include ongoing work on major LNG projects, including the Woodside Louisiana LNG project, Port Arthur LNG Phase 1, and the record-breaking Rio Grande LNG initiative. The company's fleet expansion continues with the imminent delivery of the Amelia Island hopper dredge and progress on the Acadia, the first U.S.-flagged subsea rock installation vessel, scheduled for 2026 delivery.

The company has repurchased 1.3 million shares for $11.6 million under its $50 million share repurchase program and increased its revolving credit facility from $300 million to $330 million.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest dredging services provider in the United States, has scheduled its Q2 2025 financial results announcement for August 5, 2025, at 7:00 a.m. CDT. A conference call will follow at 9:00 a.m. CDT the same day.

The company, with over 135 years of history, operates the largest U.S. dredging fleet with approximately 200 specialized vessels. Great Lakes is expanding into the offshore energy industry and maintains a strong focus on safety through its Incident-and Injury-Free® (IIF®) program.

Great Lakes Dredge & Dock (NASDAQ: GLDD), America's largest dredging services provider, has launched the Acadia, the first U.S. flagged, Jones Act-compliant subsea rock installation vessel. The vessel can transport and install up to 20,000 metric tons of rock for protecting subsea infrastructure.

Built at Hanwha Philly Shipyard using American steel and labor, the project generated over one million manhours of high-paying jobs. The Acadia will begin operations in early 2026, starting with the Empire Wind I offshore wind farm in New York, with contracted work through 2026. The company is actively pursuing additional offshore energy projects for 2027 and beyond.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), America's largest dredging services provider, has secured four significant dredging contracts. The most notable award is the Woodside Louisiana LNG project (amount undisclosed), which involves constructing a ship berthing basin for LNG carriers with potential expansion options.

The other three contracts include: the Galveston Entrance Channel and Houston Ship Channel project ($36.2 million), the Mississippi River Hopper Dredge Contract No. 3 ($17.6 million), and the Charleston Entrance Channel project ($10.8 million). The Galveston project will commence in Q3 2025, while the Mississippi River project started in May 2025. The Charleston project, awarded in Q1 2025, has already been completed in Q2 2025.

These projects will contribute to GLDD's 2025 dredging backlog and provide revenue visibility through 2026. The company emphasizes its role in enhancing national infrastructure and environmental sustainability, with several projects incorporating beneficial use of dredged materials for marshlands restoration and beach development.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) reported strong Q1 2025 results with net income of $33.4 million and revenue of $242.9 million. The company's dredging backlog stood at $1 billion with an additional $265.3 million in pending awards. Key financial metrics include operating income of $49.9 million and Adjusted EBITDA of $60.1 million. The company is expanding in the LNG market with new projects including the Woodside Louisiana LNG project. GLDD initiated a $50 million share repurchase program, having already bought back 1.2 million shares for $10.4 million. The company increased its revolving credit facility from $300M to $330M and continues progress on new vessel construction, including the Amelia Island delivery expected in Q3 2025 and the Acadia, the first U.S.-flagged subsea rock installation vessel.

Great Lakes Dredge & Dock (NASDAQ: GLDD), the largest dredging services provider in the United States, has scheduled its 2025 first quarter financial results announcement for Tuesday, May 6, 2025, at 7:00 a.m. CDT. A conference call will follow at 9:00 a.m. CDT.

The company, with over 135 years of marine project experience, operates the largest and most diverse fleet in the U.S. dredging industry, comprising approximately 200 specialized vessels. Great Lakes is actively expanding into the offshore energy industry and maintains a strong focus on safety through its Incident-and Injury-Free® (IIF®) program.

Investors can pre-register for the conference call through a provided link, and the presentation will be accessible via live call, replay, or through the company's website. The company employs experienced engineering staff and maintains a disciplined training program for engineers to ensure performance excellence.