Great Lakes Dredge & Dock/$GLDD

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About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company is also fully engaged in expanding its core business into the offshore energy industry. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Company work generally is to performed in coastal waterways and deep water ports. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

Ticker

$GLDD
Primary listing

Employees

381

GLDD Metrics

BasicAdvanced
$813M
11.29
$1.06
1.34
-

What the Analysts think about GLDD

Analyst ratings (Buy, Hold, Sell) for Great Lakes Dredge & Dock stock.

Bulls say / Bears say

Operating cash flow more than doubled to $117.8 million for the six months ended June 30, 2025, up from $56.8 million a year earlier, demonstrating strong earnings conversion and working capital management (Panabee).
As of June 30, 2025, 93% of GLDD’s $1.0 billion dredging backlog is focused on higher-margin capital and coastal protection projects, with an additional $215.4 million in awards and options pending, providing revenue visibility into 2026 (Great Lakes Q2 2025)(Great Lakes Q2 2025).
The new subsea rock installation vessel Acadia is fully booked for 2026 and the Amelia Island is on schedule for deployment, diversifying GLDD’s portfolio into higher-growth offshore energy markets such as LNG and offshore wind (Panabee).
Total contracted dredging backlog declined 19.6% from $1.2 billion at December 31, 2024 to $960 million at June 30, 2025, pointing to potential future revenue headwinds as large projects are completed (Panabee).
The domestic dredging bid market shrank by $583.5 million to $197.5 million in Q2 2025, and GLDD’s bid win rate plunged to 14% versus its three-year average of 31%, risking further backlog erosion if market conditions persist (SEC 10-Q).
Cash and cash equivalents fell to $2.9 million at June 30, 2025 from $11.3 million at March 31, 2025, while total long-term debt rose to $419.6 million, tightening liquidity and increasing leverage risk (Great Lakes Q1 2025)(Great Lakes Q2 2025).
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 2025.

GLDD Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

GLDD Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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