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Great Lakes Dredge & Dock Corp. (GLDD)
NASDAQ:GLDD
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 17.40%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, a robust backlog, and strategic initiatives such as share repurchases and credit facility expansion. However, challenges such as the temporary pause on a key project and a heavy dry dock schedule were noted. Overall, the positive aspects, including financial achievements and strategic positioning, outweigh the concerns.Company Guidance
During the Q1 2025 earnings call, Great Lakes Dredge & Dock Corp. reported robust financial results, with revenues reaching $242.9 million and an adjusted EBITDA of $60.1 million, reflecting a margin of 24.7%. The company noted a strong safety performance with zero recordable injuries. The dredging backlog stood at $1 billion, with 95% focused on capital and coastal protection projects, alongside $265 million in low bids and options pending award. A $50 million share repurchase program was approved, with $10.4 million already spent. Additionally, the company's revolving credit facility was increased to $330 million. The newbuild program is on track, with the Amelia Island dredge expected by Q3 2025 and the Acadia vessel by Q1 2026. Despite dry dock impacts anticipated in Q2, full-year 2025 results are projected to exceed the previous year, driven by a strong backlog and continued support for coastal protection projects.Strong Financial Performance
Great Lakes Dredge & Dock reported revenues of $242.9 million and adjusted EBITDA of $60.1 million for Q1 2025, marking the second-highest revenue quarter in company history and a significant increase from the previous year.
Zero Recordable Injuries
The company reported zero recordable injuries for the first quarter, highlighting its strong safety culture.
Robust Backlog
The dredging backlog remains strong at $1 billion, with capital and coastal protection projects accounting for 95% of the backlog, plus an additional $265 million in low bids and options pending award.
Share Repurchase Program
The Board of Directors approved a $50 million share repurchase program, with 1.2 million shares repurchased for $10.4 million as of April 30.
Expansion of Credit Facility
Post quarter end, the company upsized its revolving credit facility to $330 million, enhancing liquidity.
New Build Developments
The new hopper dredge, Amelia Island, is expected to be delivered in Q3 2025, and the subsea rock installation vessel, Acadia, is scheduled for delivery in Q1 2026.
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GLDD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLDD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $9.54 | $10.00 | +4.82% |
Feb 18, 2025 | $11.00 | $8.98 | -18.36% |
Nov 05, 2024 | $11.61 | $11.61 | 0.00% |
Aug 06, 2024 | $8.10 | $8.56 | +5.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Great Lakes Dredge & Dock Corp. (GLDD) report earnings?
Great Lakes Dredge & Dock Corp. (GLDD) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Great Lakes Dredge & Dock Corp. (GLDD) earnings time?
Great Lakes Dredge & Dock Corp. (GLDD) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLDD EPS forecast?
GLDD EPS forecast for the fiscal quarter 2025 (Q2) is 0.11.
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