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

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.

Great Lakes Dredge & Dock (GLDD) has announced a $50 million share repurchase program authorized by its Board of Directors. The company, which is the largest dredging services provider in the United States, reported its second-best results in 2024 and maintains a strong outlook with a $1.2 billion backlog as of December 31, 2024.

The repurchase program, set to expire on March 14, 2026, allows the company to buy back shares through various means, including open market purchases and private transactions. The program's implementation will depend on market conditions, regulatory requirements, and stock prices. The company believes its current share price undervalues its business strength, and the buyback will be accretive to shareholders.

The company's new build program is expected to be substantially completed in 2025. GLDD operates the largest U.S. dredging fleet with approximately 200 specialized vessels and has maintained a perfect record of marine project completion throughout its 135-year history.

Great Lakes Dredge & Dock (NASDAQ: GLDD), America's largest dredging services provider, has announced its participation in the upcoming Sidoti Small Cap Virtual Conference. Scott Kornblau, Senior Vice President and CFO, will present on March 19, 2025, at 10:00 AM ET and conduct one-on-one investor meetings.

The presentation will be accessible via a live webcast through Sidoti's platform and the company's investor relations website. As the leading U.S. dredging services provider with significant international project experience, GLDD operates the nation's largest and most diverse dredging fleet of approximately 200 specialized vessels.

The company, with over 135 years of marine project expertise, maintains a strong focus on engineering excellence through its comprehensive training program and has never failed to complete a marine project. GLDD emphasizes workplace safety through its Incident-and Injury-Free® (IIF®) safety management program, which is integrated throughout the company's culture.

Great Lakes Dredge & Dock (NASDAQ: GLDD) reported strong financial results for Q4 and full year 2024. The company achieved Q4 revenue of $202.8 million with net income of $19.7 million and Adjusted EBITDA of $40.2 million. For the full year 2024, revenue reached $762.7 million with net income of $57.3 million and Adjusted EBITDA of $136.0 million.

The company's dredging backlog stood at $1.2 billion as of December 31, 2024, with an additional $282.1 million in low bids and options pending award. Capital and coastal protection projects accounted for 94% of the backlog. The 2024 bid market reached a historic level of $2.9 billion, of which Great Lakes won 33%.

The company's first U.S.-flagged subsea rock installation vessel, the Acadia, is under construction and has secured offshore wind rock placement contracts. Total capital expenditures for 2024 were $135.7 million, including $72.7 million for the Acadia's construction.

Great Lakes Dredge & Dock (NASDAQ: GLDD) has announced it will release its financial results for Q4 and full-year 2024 on Tuesday, February 18, 2025 at 7:00 a.m. CST. The company will host a conference call at 9:00 a.m. CST on the same day.

Great Lakes is the largest provider of dredging services in the United States, with a fleet of approximately 200 specialized vessels. The company is expanding into the offshore energy industry and has experience in international projects. Throughout its 135-year history, Great Lakes has maintained a perfect record of marine project completion.

The company emphasizes its Incident-and Injury-Free® safety management program and maintains a structured training program for engineers to ensure experience-based performance advancement.

Great Lakes Dredge & Dock (NASDAQ: GLDD), the largest U.S. dredging services provider, announced the election of Dana Armstrong to its Board of Directors effective January 5, 2025. This appointment increases the board size to seven members.

Armstrong currently serves as Executive Vice President and CFO of Excelerate Energy (NYSE:EE) since 2020. Her prior experience includes CFO roles at Scientific Drilling International (2015-2020) and financial positions at Ion Geophysical (2007-2015). She holds accounting and finance degrees from the University of Houston and is a CPA in Texas.

Great Lakes, with its 134-year history, specializes in dredging services and is expanding into offshore wind energy. The company operates approximately 200 specialized vessels and maintains a comprehensive engineering training program alongside its Incident-and Injury-Free® safety management system.

Great Lakes Dredge & Dock (NASDAQ: GLDD), America's largest dredging services provider, has announced its participation in the CJS Securities 25th Annual New Ideas for the New Year Virtual Conference. Senior Vice President and CFO Scott Kornblau will present on Tuesday, January 14, 2025, at 3:05 PM ET, with the presentation accessible via live webcast.

The company, with over 134 years of marine project experience, is expanding into the offshore wind energy industry while maintaining its position as the leading U.S. dredging service provider. Great Lakes operates the nation's largest and most diverse dredging fleet, comprising approximately 200 specialized vessels. The company emphasizes safety through its Incident-and Injury-Free® (IIF®) program and maintains a structured training program for engineers to ensure experience-based performance advancement.

Great Lakes Dredge & Dock (NASDAQ: GLDD) has secured multiple dredging contracts totaling $182 million. The awards include four major coastal protection projects: $73.6 million for Manasquan Inlet to Barnegat Inlet in New Jersey, $72.3 million for Myrtle Beach in South Carolina, $19.6 million for Sagaponack and Bridgehampton Beach in New York, and $16.5 million for Phipps Ocean Park in Florida.

The projects focus on beach renourishment and coastal storm damage reduction, with work schedules spanning from late 2024 through early 2026. The New Jersey project includes additional $41.4 million in pending options. Most projects are federally funded through the U.S. Army Corps of Engineers, with some receiving state and local funding.

Great Lakes Dredge & Dock (NASDAQ: GLDD), America's largest dredging services provider, will participate in NobleCon20 on December 3, 2024. CEO Lasse Petterson and CFO Scott Kornblau will present at 10:30 AM EST at Florida Atlantic University, Boca Raton.

A high-definition video webcast will be available the following day on the company's investor relations website and Noble Capital Markets' platforms, remaining accessible for 90 days. Great Lakes, with its 134-year history, specializes in dredging services and is expanding into offshore wind energy. The company operates approximately 200 specialized vessels and maintains a strong focus on safety through its Incident-and-Injury-Free® program.