Financial Data and Key Metrics Changes - The company reported revenues of $193.8 million for Q2 2025, an increase of $23.7 million from the same quarter in 2024 [12] - Adjusted EBITDA for the quarter was $28 million, with an adjusted EBITDA margin of 14.4% [12] - Net income for Q2 2025 was $9.7 million, up from $7.7 million in the prior year [13] - Gross profit increased to $36.6 million, with a gross profit margin of 18.9%, compared to $29.8 million and 17.5% in Q2 2024 [12][13] - The company ended the quarter with $2.9 million in cash and $5 million drawn on its revolving credit facility [14] Business Line Data and Key Metrics Changes - The dredging backlog stood at $1 billion, with 93% from capital and coastal protection projects [6] - Over 88% of Q2 revenue came from capital and coastal protection projects, which typically yield higher margins [12] Market Data and Key Metrics Changes - The U.S. dredging bid market is expected to normalize at approximately $2 billion, focusing on coastal protection projects [18] - The company is seeing early signs of the next phase of deepening projects, with work likely to commence in 2027 [19] Company Strategy and Development Direction - The company initiated a $50 million share repurchase program, believing its share price did not reflect its financial performance [7] - The newbuild program is nearing completion, with the Amelia Island hopper dredge expected to be delivered soon [8] - The Arcadia vessel is being positioned for both domestic and international projects, expanding its target markets to include offshore energy [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong project execution and results for the remainder of 2025, with expectations for the highest revenue and net income in company history [15][21] - The U.S. Army Corps of Engineers is expected to maintain record funding levels, providing revenue visibility extending into 2026 [17] Other Important Information - The company has a trailing twelve-month net leverage ratio of 2.7 times and no debt maturities until 2029 [14] - Total capital expenditures for Q2 were $64.6 million, with guidance for full-year CapEx remaining unchanged at $140 million to $160 million [14] Q&A Session Summary Question: Is the pace of awards running to expectations? - Management noted that they expected a more normalized bid market and acknowledged that they did not bid on over 50% of projects due to availability constraints [25][26] Question: What is the likelihood of the Acadia being in the U.S. in 2027? - Management indicated that most efforts are focused on international markets, particularly in Europe, for the Acadia in 2027 [27][28] Question: Will there be any need for new vessels in the near future? - Management stated that they do not see a need for new dredges in the coming years, as the current fleet is modern and competitive [30][31] Question: What is the confidence level for Acadia's delivery in 2026? - Management expressed high confidence in the Q1 2026 delivery of the Acadia, with revenue expectations exceeding $100 million for the full year [34][37] Question: Are there any changes in customer hesitation in the base dredging business? - Management noted that while the Corps cannot bid new projects under the current resolution, many projects are still being executed, indicating a strong market [41] Question: What is the capital allocation strategy beyond CapEx? - Management emphasized a focus on completing the newbuild program before considering debt paydown or further share repurchases [59][60] Question: What drove the expansion of the credit facility? - The expansion was driven by favorable pricing and the need for letters of credit for LNG and offshore energy projects [61]

Core Insights - Great Lakes Dredge & Dock (GLDD) reported a revenue of $193.76 million for the quarter ended June 2025, reflecting a year-over-year increase of 13.9% [1] - The company's earnings per share (EPS) was $0.14, up from $0.11 in the same quarter last year, indicating a positive trend in profitability [1] - The reported revenue exceeded the Zacks Consensus Estimate of $174.33 million by 11.14%, showcasing a strong performance relative to market expectations [1] Financial Performance Metrics - Contract Revenues from Dredging - Capital reached $105.67 million, significantly surpassing the average estimate of $76 million, marking a year-over-year increase of 49.4% [4] - Contract Revenues from Dredging - Maintenance were reported at $22.85 million, slightly above the average estimate of $21.6 million, but showing a decline of 19.7% year-over-year [4] - Contract Revenues from Dredging - Coastal Protection totaled $65.23 million, falling short of the average estimate of $78.65 million, with a year-over-year decrease of 7.1% [4] Stock Performance - Over the past month, shares of Great Lakes Dredge & Dock have declined by 10.2%, contrasting with a 1% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Great Lakes Dredge & Dock shares have lost about 5.9% since the beginning of the year versus the S&P 500's gain of 7.6%. What's Next for Great Lakes Dredge & Dock? Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.08 per share. This c ...

EXHIBIT 99.1 Great Lakes Reports Second Quarter 2025 Results Second quarter net income of $9.7 million Second quarter Adjusted EBITDA of $28.0 million Dredging backlog of $1 billion at June 30, 2025 HOUSTON, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights Management ...

Second quarter net income of $9.7 million Second quarter Adjusted EBITDA of $28.0 million Dredging backlog of $1 billion at June 30, 2025 HOUSTON, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights Management Commentary Lasse Petterson, President and Chief Executive Off ...

Key Takeaways GLDD's Q2 revenues are expected to rise 2.5% to $174.3M, led by capital and coastal protection demand.Capital and coastal protection sales are forecasted to grow 7% and 12.9%, respectively, year over year.Elevated labor costs and incentive expenses are likely to weigh on Q2 EPS, estimated to fall 27.3% to $0.08.Great Lakes Dredge & Dock Corporation (GLDD) is scheduled to report its second-quarter 2025 results on Aug. 5, before the opening bell.In the last reported quarter, the company’s earnin ...

To pre-register, go to https://register-conf.media-server.com/register/BI5eaab857a8e3428387524df1ea5a519c HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended June 30, 2025, on Tuesday, August 5, 2025, at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T. Investors and analysts are encouraged to pre-register for the conference call by ...

HOUSTON, July 23, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NASDAQ: GLDD), the largest provider of dredging services in the United States, today announced a major milestone in its Offshore Energy strategy with the recent launch of the Acadia at Hanwha Philly Shipyard. The Acadia is the first U.S flagged, Jones Act-compliant subsea rock installation (SRI) vessel. The Acadia is engineered to transport and precisely install up to 20,000 metric tons of rock ...

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.84, reflecting a -1.82% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.79% [1] - Over the last month, GLDD shares increased by 2.9%, lagging behind the Construction sector's gain of 5.56% and the S&P 500's gain of 5.22% [1] Financial Projections - The upcoming EPS for Great Lakes Dredge & Dock is projected at $0.08, indicating a 27.27% decline compared to the same quarter last year [2] - The consensus estimate for revenue is $174.33 million, which represents a 2.49% increase from the equivalent quarter last year [2] - For the full year, earnings are projected at $0.96 per share and revenue at $816.02 million, showing changes of +14.29% and +6.99% respectively from the previous year [3] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are important as they reflect changing business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which evaluates estimated changes, currently ranks Great Lakes Dredge & Dock as 1 (Strong Buy), with 1 stocks historically returning an average annual gain of +25% since 1988 [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.61, which is a discount compared to the industry average of 23.2 [6] - The company has a PEG ratio of 1.05, while the average PEG ratio for the Building Products - Heavy Construction industry is 1.46 [6] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 2, placing it in the top 1% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Great Lakes Dredge & Dock (GLDD) is highlighted as a strong candidate for trend investing, having increased by 35.8% over the past 12 weeks, reflecting investor confidence [4]. - GLDD has also shown a price increase of 2.9% over the last four weeks, indicating that the upward trend is still intact [5]. Group 2: Fundamental Strength Indicators - GLDD is currently trading at 84.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - The stock holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6][7]. - The Average Broker Recommendation for GLDD is also 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Additional Insights - The article suggests that the price trend for GLDD is unlikely to reverse soon, and encourages consideration of other stocks that meet the criteria of the "Recent Price Strength" screen [8]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can assist in identifying potential winning stocks [8].