Here are the 10-Q quarterly reports from Great Lakes Dredge & Dock Corporation (GLDD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GLDD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GLDD filings page.
Great Lakes Dredge & Dock (GLDD) reported stronger Q3 2025 results. Contract revenues were $195.2 million, up slightly from $191.2 million a year ago, driving operating income to $28.1 million from $16.7 million. Net income rose to $17.7 million, or $0.26 diluted earnings per share, versus $0.13. Year to date, revenue reached $631.8 million and net income was $60.8 million, with diluted EPS of $0.90.
Cash generation was solid: operating cash flow for the nine months was $166.9 million, while capital spending was $117.8 million, reflecting fleet investments. The company ended Q3 with $12.7 million in cash, no revolver borrowings, $58.5 million in letters of credit, and $271.1 million of ABL availability. Long‑term debt was $415.3 million. Backlog remained substantial, with $934.5 million in dredging remaining performance obligations and $73.0 million in offshore energy, most expected to convert to revenue by the end of 2026. During 2025, GLDD repurchased 1,312,493 shares for approximately $11.6 million. Subsequent to quarter end, GLDD upsized its ABL to $430.0 million and repaid the $100.0 million Second Lien facility, incurring a 3% call premium.