Great Lakes Dredge & Dock to Present at NobleCon21
Rhea-AI Summary
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.
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News Market Reaction
On the day this news was published, GLDD gained 2.51%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Key peers in Engineering & Construction showed gains, with moves such as WLDN +3.72%, ORN +2.72%, BWMN +1.79%, NVEE +0.80%, and CDLR +0.56%, broadly consistent with GLDD’s 0.66% rise.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 26 | Conference presentation | Neutral | +2.5% | CFO scheduled to present at NobleCon21 with webcast access for investors. |
| Nov 25 | Credit rating upgrade | Positive | +2.5% | S&P upgraded issuer rating to B from B- with stable outlook. |
| Nov 04 | Quarterly earnings | Positive | +12.2% | Q3 2025 results with profitability, backlog and liquidity details. |
| Oct 28 | Earnings scheduling | Neutral | -0.5% | Announcement of Q3 2025 results release date and conference call. |
| Oct 27 | Debt refinancing | Positive | -1.1% | Revolver upsized and extended; second lien notes fully repaid. |
Recent clearly positive fundamentals (credit upgrade, Q3 results, balance-sheet actions) generally saw positive price reactions, though the credit facility amendment drew a modest negative move, indicating occasional divergence on financing news.
Over the past few months, Great Lakes reported stronger Q3 2025 results with revenue of $195.2M, net income of $17.7M, and a dredging backlog of $934.5M. The company upsized its revolving credit facility to $430M, repaid $100M in second lien notes, and highlighted expected annual interest savings of about $6M. S&P Global Ratings upgraded the issuer credit rating from B- to B. Against this backdrop, the NobleCon21 presentation announcement fits as ongoing investor outreach rather than a new financial catalyst.
Market Pulse Summary
This announcement highlights an investor-relations event, with the CFO presenting at NobleCon21 on December 3, 2025 and a webcast archived for 90 days. Against a backdrop of stronger Q3 2025 results, an expanded $430M credit facility, and a recent S&P rating upgrade, the news mainly underscores ongoing outreach rather than new financial data. Investors may watch future earnings, backlog trends, and capital structure developments for more material catalysts.
Key Terms
forward-looking statements regulatory
safe harbor regulatory
AI-generated analysis. Not financial advice.
HOUSTON, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that its Senior Vice President and Chief Financial Officer, Scott Kornblau, will present at NobleCon21 - Noble Capital Markets’ Twenty First Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex, in Boca Raton, FL on Wednesday, December 3rd at 12:00 PM Eastern Standard Time.
A high-definition video webcast of the presentation will be available the following day on the Company's website investor.gldd.com, and as part of a complete catalog of presentations available at Noble Capital Markets’ Conference website: www.nobleconference.com and on Channelchek www.channelchek.com, the investor portal created by Noble. The webcast will be archived on the Company's website, the NobleCon website, and on Channelchek.com for 90 days following the event.
The Company
Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States, which is complemented with a long history of performing significant international projects. In addition, Great Lakes is fully engaged in expanding its core business into the offshore energy industry. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production, and project management functions. In its over 135-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the Securities and Exchange Commission (the "SEC"), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Great Lakes and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical facts are forward-looking statements. These cautionary statements are being made pursuant to the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.
Although Great Lakes believes that its plans, intentions, and expectations reflected in this press release are reasonable, actual events could differ materially. The forward-looking statements contained in this press release are made only as of the date hereof and Great Lakes does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.
For further information contact:
Eric Birge
Vice President of Investor Relations
313-220-3053
FAQ
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