Welcome to our dedicated page for Great Lakes Dredge & Dock news (Ticker: GLDD), a resource for investors and traders seeking the latest updates and insights on Great Lakes Dredge & Dock stock.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is widely described in its public disclosures as the largest provider of dredging services in the United States, with a long history of executing significant international projects. This news page compiles company announcements, project updates, and regulatory disclosures that illustrate how Great Lakes operates within the marine construction and site preparation sector.
Readers can find news about dredging contracts and awards, such as maintenance and coastal protection projects on major rivers, harbors, and coastlines. Recent releases describe awards for work on the Mississippi River, regional harbor dredging in the South Atlantic, maintenance dredging in Baltimore Harbor and channels, and beach renourishment and coastal protection projects in states including Florida, New York, Arkansas, Oklahoma, and Delaware. These items show how the company’s services support navigation, coastal resilience, and environmental restoration.
News coverage also includes financial and capital structure updates, including quarterly earnings releases, discussions of backlog, and information about credit facilities. For example, Great Lakes has reported amendments to its revolving credit facility, describing changes to borrowing capacity, maturity, and the use of proceeds to refinance other debt. These announcements provide context on the company’s balance sheet, liquidity, and access to capital.
Another recurring theme in GLDD news is the company’s Offshore Energy sector and subsea infrastructure activities. Releases highlight the development of the Acadia subsea rock installation vessel, its expected use on offshore wind projects, and the broader strategy to serve subsea cable and pipeline protection markets. Collaborations with partners, such as arrangements to provide dredging services for potential offshore mineral projects, are also covered.
By following this news feed, investors and observers can monitor Great Lakes Dredge & Dock’s project pipeline, contract awards, offshore energy initiatives, and key financial disclosures over time.
Great Lakes Dredge & Dock (Nasdaq: GLDD) reported record 2025 results with revenue $888.3M, adjusted EBITDA $171.3M and full-year net income of $73.5M. Backlog was $888.1M at year-end and the company signed two international offshore energy contracts keeping the Acadia busy in Europe in 2027. Great Lakes also disclosed a definitive agreement for Saltchuk to acquire the company, expected to close in Q2 2026 pending customary conditions.
Summary not available.
Great Lakes Dredge & Dock (NASDAQ: GLDD) agreed to be acquired by Saltchuk for $17.00 per share in an all-cash transaction valued at approximately $1.5 billion total and $1.2 billion equity. The deal, unanimously approved by both boards, represents a 25% premium to the 90-day VWAP and is expected to close in Q2 2026, subject to HSR clearance and a majority tender; Great Lakes common stock will be delisted and the company will operate as a standalone within Saltchuk. Financing is fully committed and the transaction is not subject to a financing condition.
Great Lakes Dredge & Dock (NASDAQ: GLDD) will release fourth-quarter and full-year 2025 results on Feb 17, 2026 at 7:00 a.m. CST, with a conference call the same day at 9:00 a.m. CST. The live call and replay will be available via webcast and the company investor site.
Company background: largest U.S. dredging services provider, ~200 specialized vessels, 135+ year history, and expanding into offshore energy. Investor contact: Eric Birge, VP of Investor Relations.
Odyssey Marine Exploration (NASDAQ: OMEX) said the Bureau of Ocean Energy Management (BOEM) has initiated formal review of its unsolicited request for a potential U.S. offshore mineral lease offshore Virginia (Dec 15, 2025).
BOEM will publish a Request for Information and Interest (RFI) to seek stakeholder input. Odyssey highlighted policy alignment, project advancement, and a strengthened balance sheet heading into 2026, and said initial work would collect environmental and geological data ahead of any recovery activities.
Odyssey is collaborating with Great Lakes Dredge & Dock (NASDAQ: GLDD) to provide dredging services if the project advances; project plans would follow federal environmental and cultural review rules.
Great Lakes Dredge & Dock (NASDAQ: GLDD) said Senior VP and CFO Scott Kornblau will present at NobleCon21 on Wednesday, December 3, 2025 at 12:00 PM ET at Florida Atlantic University in Boca Raton, FL.
A high-definition video webcast will be available the following day on the company's investor website and on NobleCon and Channelchek, with the webcast archived for 90 days.
The company is described as the largest U.S. dredging services provider with ~200 specialized vessels, a >135-year history, a focus on expanding into offshore energy, an experienced engineering staff, and an Incident-and Injury-Free® safety program.
Great Lakes Dredge & Dock (NASDAQ: GLDD) announced that S&P Global Ratings upgraded the company’s issuer credit rating to B from B- on November 25, 2025, with the outlook remaining stable. S&P cited improved revenues, earnings and expanding margins plus decreasing capital expenditures that should support healthy free cash flow as the new build program ends. S&P expects revenue growth, margin expansion through 2026, and increasingly positive free cash flow. CFO Scott Kornblau said the upgrade validates balance-sheet strengthening and positive cash-flow progress.
Additional company details note a ~135-year operating history, a ~200-vessel fleet, international work, and an Incident-and Injury-Free safety program.
Odyssey Marine Exploration (NASDAQ: OMEX) submitted an unsolicited request to BOEM on November 7, 2025 seeking an offshore lease sale for marine mineral exploration and development on the U.S. Mid-Atlantic outer continental shelf. The proposed area is described as prospective for titanium, zirconium, rare earth elements, phosphate and heavy mineral sands, plus sand and gravel for coastal resiliency.
The company is BOEM-prequalified since 2021 and cites a collaboration with Great Lakes Dredge & Dock (NASDAQ: GLDD) to support potential recovery and beneficial reuse. Any lease award remains subject to BOEM review and required environmental and geological data collection.
Great Lakes Dredge & Dock (Nasdaq: GLDD) reported Q3 2025 results with revenue $195.2M, net income $17.7M, and Adjusted EBITDA $39.3M. Dredging backlog was $934.5M at Sept 30, 2025, plus $193.5M of awards/options pending. The company increased its revolving credit facility by $100M to $430M, paid off a $100M second lien term loan, and reduced annual interest expense by ~$6M. Cash was $12.7M, long-term debt $415.3M, and liquidity $284.1M. Newbuilds: Amelia Island delivered; Acadia launched from drydock with expected completion in Q1 2026 and secured full 2026 utilization.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) will release results for the three months ended September 30, 2025 on Tuesday, November 4, 2025 at 7:00 a.m. CDT.
The company will host a conference call the same day at 9:00 a.m. CDT; investors can pre-register to receive a unique PIN for immediate access at https://register-conf.media-server.com/register/BIe06b29e64e414109b574adf941eba177. A live webcast and replay will be available at https://edge.media-server.com/mmc/p/ts2pr24d and on the company website www.gldd.com under Events on the Investor Relations page.
Contact for further information: Eric Birge, Vice President of Investor Relations, 313-220-3053. The company describes itself as the largest U.S. dredging services provider with a ~135-year history and approximately 200 specialized vessels.