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), the U.S. leader in marine construction and dredging services, provides critical infrastructure solutions through coastal protection, waterway maintenance, and environmental projects. This news hub delivers official updates and analysis for stakeholders tracking the company's operational developments.
Access timely updates on government contract awards, coastal resilience initiatives, and strategic expansions into offshore energy markets. Our curated collection includes earnings reports, project milestones, and regulatory filings essential for understanding GLDD's market position.
Key content categories include harbor deepening projects, environmental remediation efforts, and fleet modernization updates. Investors will find detailed coverage of capital allocation strategies and competitive positioning within the global dredging industry.
Bookmark this page for centralized access to verified information about GLDD's specialized vessel operations and their role in maintaining U.S. maritime infrastructure. Check regularly for new developments impacting coastal communities and marine construction markets.
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 (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.
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