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Great Lakes Dredge & Dock Corporation - GLDD STOCK NEWS

Welcome to our dedicated news page for Great Lakes Dredge & Dock Corporation (Ticker: GLDD), a resource for investors and traders seeking the latest updates and insights on Great Lakes Dredge & Dock Corporation.

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.

Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (GLDD) reports strong financial results for the fourth quarter and full year 2023, with net income of $21.6 million and $13.9 million respectively. The company achieved a record dredging backlog of $1.04 billion at the end of 2023. GLDD's revenue for Q4 2023 was $181.7 million, showing positive growth compared to the previous year. The company's management remains optimistic about future prospects, especially in the U.S. Army Corps of Engineer's budget of $8.66 billion and the bid market's momentum in capital and coastal protection sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.82%
Tags
earnings
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Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is set to release its financial results for the three and twelve months ended December 31, 2023, on February 14, 2024. The company is the largest provider of dredging services in the United States and is expanding its core business into the offshore wind energy industry. Great Lakes has a long history of international projects and owns the largest fleet in the U.S. dredging industry. The company has a strong safety management program and a commitment to employee safety.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
Tags
earnings
-
Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (GLDD) announced the termination of the rock installation contract for Empire Wind II by Empire Offshore Wind LLC. This termination initiates a contractually obligated termination fee payable to the Consortium. Great Lakes remains committed to expanding its core business into the offshore wind energy industry and pursuing additional opportunities internationally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) Receives $173.7 Million in Dredging Awards
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
none
-
Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) announces significant progress in offshore wind market with the completion of MARAD Title XI Financing application for its vessel, the Acadia, and securing multiple U.S. rock installation contracts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
-
Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (GLDD) has been awarded a third rock installation contract for an offshore wind project off the East Coast of the United States. The contract involves the procurement, transportation, and subsea installation of rock to support the wind farm's infrastructure. Great Lakes will use the first Jones Act compliant subsea rock installation vessel, the Acadia, for this project, generating local content, employment, and economic activity in the United States.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
Tags
none
Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) announces participation in Sidoti December Small Cap Virtual Investor Conference. The largest provider of dredging services in the United States, Great Lakes is also expanding its core business into the offshore wind energy industry. With a long history of international projects and a diverse fleet of approximately 200 specialized vessels, the company has a strong commitment to safety and a disciplined training program for its engineers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
Tags
conferences
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Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (GLDD) to present at Noble Capital Markets’ 19th Annual Emerging Growth Equity Conference. The Company is the largest provider of dredging services in the United States and is expanding into the offshore wind energy industry. GLDD has a long history of completing international projects and owns the largest fleet in the U.S. dredging industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
conferences acquisition
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Rhea-AI Summary
Great Lakes Dredge & Dock Corporation reported a third quarter net loss of $6.2 million and adjusted EBITDA of $5.3 million. The company's dredging backlog at September 30, 2023, was $1.03 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.6%
Tags
earnings
Rhea-AI Summary
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) will release its financial results for Q3 and 9M 2023 on November 7, 2023. A conference call will be held at 9:00 a.m. C.S.T. Investors can pre-register for the call using the provided link. Great Lakes is the largest provider of dredging services in the US and is expanding into the offshore wind energy industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
earnings
Great Lakes Dredge & Dock Corporation

Nasdaq:GLDD

GLDD Rankings

GLDD Stock Data

580.29M
65.16M
3.13%
84.51%
2.09%
Site Preparation Contractors
Construction
Link
US
Oak Brook

About GLDD

great lakes dredge & dock (gldd) is the largest provider of dredging services in the united states and the only u.s. company with significant international dredging operations. gldd employs more than 1,000 dedicated engineering, operations, and support personnel. gldd has a rich 127-year history of developing and executing successful dredging and marine construction projects, operating the largest and most diverse dredging fleet in the u.s. comprised of over 200 specialized vessels. gldd has expanded its reach in the environmental remediation and infrastructure sector through its new segment great lakes environmental & infrastructure, becoming a preeminent infrastructure solutions provider on water and land.