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 is a dredging-services company that became a wholly owned subsidiary of Saltchuk Resources after a completed cash acquisition in 2026. News about GLDD centers on the completed tender offer and merger, the end of Nasdaq trading in its common stock, delisting and deregistration steps, and debt tender-offer and consent-solicitation activity tied to its senior notes.
Coverage also includes transaction-related shareholder matters, material agreements, operating and financial results, capital-structure disclosures, and corporate governance updates.
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.
Great Lakes Dredge & Dock (NASDAQ: GLDD) announced on October 24, 2025 an amendment to its Revolving Credit Facility that upsized the facility by $100 million to $430 million and extended maturity to October 2030. The company used the increased capacity to fully repay the $100 million second lien notes issued in 2024 and filed a Form 8-K with the SEC. Management said the transaction lowers interest costs, saving an estimated $6 million per year, leaves no debt maturities until 2029, and results in a weighted average interest rate under 6%. The amendment is presented as strengthening the balance sheet and increasing financial flexibility to support strategic priorities.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), America's largest dredging services provider, has secured seven new contracts totaling $134 million. The projects include major maintenance and coastal protection work across multiple U.S. locations, with values ranging from $8.7 million to $27.9 million.
The awarded projects span across Louisiana, North Carolina, Virginia, Florida, New York, Arkansas, Oklahoma, and Delaware, primarily funded by federal sources with some state and local contributions. All projects are scheduled to commence in Q4 2025, except for the Indian River Inlet project which began in Q3 2025.
CEO Lasse Petterson confirmed that despite the current government shutdown, operations remain unaffected as these projects are fully funded. The new awards strengthen GLDD's backlog, providing revenue visibility through 2025 and into 2026.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest dredging services provider in the United States, announced that CFO Scott Kornblau will present at the Sidoti Small Cap Virtual Conference on September 18, 2025, at 12:15 PM ET.
The company has a 135-year history of completing marine projects and operates the largest fleet in the U.S. dredging industry 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 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.