In the latest market close, Great Lakes Dredge & Dock (GLDD) reached $9.14, with a +1.11% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.58%. Elsewhere, the Dow saw an upswing of 0.75%, while the tech-heavy Nasdaq appreciated by 0.55%.Prior to today's trading, shares of the provider of dredging and dock-contracting services had gained 3.91% over the past month. This has outpaced the Construction sector's loss of 1.18% and the S&P 500's loss of 0.84% in ...

Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and has a significant history of international projects [3] - The company is expanding its core business into the offshore energy industry [3] - Great Lakes operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels [3] - The company has a disciplined training program for engineers to ensure performance based on experience [3] - Great Lakes has a strong commitment to safety through its Incident-and Injury-Free® (IIF®) safety management program, which is integrated into its culture [3] Upcoming Financial Results - Great Lakes Dredge & Dock Corporation will release its financial results for the three months ended March 31, 2025, on May 6, 2025, at 7:00 a.m. C.D.T. [1] - A conference call will be held on the same day at 9:00 a.m. C.D.T. for investors and analysts [1] Conference Call Registration - Investors and analysts are encouraged to pre-register for the conference call to gain immediate access [2] - Pre-registration can be completed at any time up to the call start time [2] - The live call and replay will be available on the company's website under the Investor Relations page [2]

Great Lakes Dredge & Dock (GLDD) closed the most recent trading day at $9.04, moving -1.31% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw a decrease of 0.1%.Prior to today's trading, shares of the provider of dredging and dock-contracting services had gained 3.62% over the past month. This has outpaced the Construction sector's loss of 6.22% and the S&P 500's loss ...

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $8.81, reflecting a +1.03% change from the previous session, outperforming the S&P 500's gain of 0.13% [1] - The company's shares have decreased by 5.63% over the last month, which is better than the Construction sector's loss of 7.68% and the S&P 500's loss of 6.3% [1] Upcoming Earnings - The company is expected to report an EPS of $0.25, indicating a 19.35% decline compared to the same quarter last year [2] - Revenue is anticipated to be $209.9 million, showing a 5.66% increase from the same quarter last year [2] Annual Forecast - Zacks Consensus Estimates predict earnings of $0.69 per share and revenue of $775.45 million for the year, reflecting changes of -17.86% and +1.67% respectively compared to the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are important as they indicate changing near-term business trends, with positive revisions seen as a good sign for the company's outlook [4] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Great Lakes Dredge & Dock at 3 (Hold) [6] - The Zacks Rank has a strong track record, with 1 stocks generating an average annual return of +25% since 1988 [6] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.73, which is lower than the industry average of 15.03, suggesting it is trading at a discount [7] - The company's PEG ratio is currently 1.06, matching the average PEG ratio of the Building Products - Heavy Construction industry [8] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and holds a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [8] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [9]

Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States, with a history of completing significant international projects [3] - The company operates approximately 200 specialized vessels, making it the owner of the largest and most diverse fleet in the U.S. dredging industry [3] - Great Lakes has a disciplined training program for engineers and a strong commitment to safety through its Incident-and Injury-Free® (IIF®) safety management program [3] Financial Performance - In 2024, the company achieved the second-best results in its history, indicating strong business performance [2] - As of December 31, 2024, Great Lakes reported a backlog of $1.2 billion, suggesting a robust outlook for 2025 and 2026 [2] Share Repurchase Program - The Board of Directors has authorized a share repurchase program allowing the company to repurchase up to $50 million of its common stock [1][2] - The share repurchase may occur through open market purchases or privately negotiated transactions, with the program set to expire on March 14, 2026 [2] Strategic Outlook - The company believes its current share price does not reflect its business strength and views the share repurchase program as accretive to shareholders [2] - The new build program is expected to be substantially completed in 2025, further enhancing the company's operational capabilities [2]

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $7.84, reflecting a -1.01% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.91% [1] - The stock has decreased by 29.41% over the past month, significantly lagging the Construction sector's loss of 7.5% and the S&P 500's loss of 7.38% [1] Earnings Projections - The upcoming earnings disclosure is projected to show earnings per share (EPS) of $0.25, indicating a 19.35% decrease from the same quarter last year [2] - Quarterly revenue is estimated at $209.9 million, which is a 5.66% increase from the year-ago period [2] - For the annual period, earnings are anticipated to be $0.69 per share, reflecting a -17.86% change, while revenue is expected to be $775.45 million, showing a +1.67% change from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are crucial as they reflect short-term business trends [4] - Positive changes in estimates indicate analyst optimism regarding the company's business and profitability [4] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 11.56, which is lower than the industry's Forward P/E of 15.35, suggesting a valuation discount [7] - The company's PEG ratio stands at 0.96, compared to the average PEG ratio of 1.48 for the Building Products - Heavy Construction industry [7] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and currently holds a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [8] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [8]

Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and has a long history of executing significant international projects [3] - The company is actively expanding its core business into the offshore energy industry [3] - Great Lakes operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels [3] - The company has a disciplined training program for engineers to ensure performance based on experience [3] - Great Lakes has an Incident-and Injury-Free® (IIF®) safety management program integrated into its culture, emphasizing employee safety [3] Upcoming Events - The Senior Vice President and Chief Financial Officer, Scott Kornblau, will present and host one-on-one meetings with investors at the Sidoti Small Cap Virtual Conference on March 19, 2025 [1] - The presentation will begin at 10:00 AM ET and will be accessible live [2]

Revenue and Contracts - In 2024, approximately 57% of the Company's dredging revenues were generated from 33 different contracts with federal agencies or third parties operating under contracts with federal agencies[36]. - The Company's backlog includes only those projects for which it has obtained a signed contract with the customer, and backlog can fluctuate significantly from quarter to quarter[59][61]. Fleet and Equipment - The Company took delivery of a 6,500 cubic yard trailing suction hopper dredge, the Galveston Island, which began operations in February 2024, and expects delivery of a second similar dredge, the Amelia Island, in the second half of 2025[46]. - Great Lakes' fleet is the largest and most diverse in the U.S., with a focus on hopper dredges, hydraulic dredges, and mechanical dredges[45]. - The Company has the largest fleet of material barges in the domestic industry, with thirteen scows in its fleet having capacities ranging from 5,000 to 8,800 cubic yards[49]. - The Company has a commitment to a reliability-assured maintenance program, which contributes to the long lives of its equipment and low levels of unscheduled downtime[54]. Financial Performance and Debt - The Company generated gross cash proceeds of $29.5 million from a sale-leaseback transaction for three scows placed into service in 2022[50]. - The Company sold $325.0 million of unsecured 5.25% Senior Notes due June 1, 2029, using the proceeds to redeem all prior outstanding 8% Notes[297]. - As of December 31, 2024, the Company had long-term senior notes outstanding with a recorded face value of $325.0 million, with a fair value of $301.5 million based on market prices[297]. - The Company has $135.0 million of variable rate indebtedness, with $75 million hedged by interest rate swaps[298]. - The weighted average interest rate on variable rate indebtedness was 10.4% as of December 31, 2024, and a hypothetical 10% increase would raise annual interest costs by approximately $0.5 million[298]. Labor and Safety - The Company employed an average of approximately 637 hourly personnel to meet domestic project requirements during 2024[62]. - The Company is committed to a safety culture with a focus on incident prevention and sustainable safety excellence[65]. - The Company has not experienced major labor disputes in the past five years, with collective bargaining agreements with unions expiring in 2026 and 2027[66]. Environmental Compliance - The Company is subject to various environmental laws and regulations that could impact project costs and compliance[68]. - The Company believes future compliance costs with environmental laws will not materially affect its business or financial position[72]. Executive Team and Employee Relations - The Company has a diverse executive team with extensive experience in engineering, finance, and project management[74-82]. - The Company maintains a competitive compensation and benefits structure to attract and retain talented employees[64]. Fuel Costs and Hedging - Diesel fuel represents approximately 10% of the company's costs of contract revenues[299]. - A 10% increase in the average price per gallon of fuel would have a $0.8 million effect on fuel expense[299]. - The company has hedged approximately 80% of its anticipated domestic fuel requirements through May 2026[299]. - As of December 31, 2024, there were 17.8 million gallons remaining on fuel hedging contracts[299]. - Fixed prices under these agreements range from $2.18 to $2.90 per gallon[299]. - The fair value liabilities on fuel hedging contracts was $1.1 million as of December 31, 2024[299]. - A 10% change in forward fuel prices would result in a $4.2 million change in the fair value of outstanding fuel hedges[299].

CREAT CONSTRUCTING AND PROTECTING COASTAL AND MARINE INFRASTRUCTURE SUPPORTING THE OFFSHORE ENERGY INDUSTRY 1890 INVESTOR PRESENTATION FEBRUARY, 2025 Forward-Looking Statements This presentation includes "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 or in releases made by the SEC, all as may be amended from time to time. Such statements include declarations ...

Core Viewpoint - Great Lakes Dredge & Dock (GLDD) reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and showing an increase from $0.25 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 38.10%, with the company previously expected to post earnings of $0.18 per share but actually reporting $0.13 per share in the prior quarter, resulting in a surprise of -27.78% [2] - Revenues for the quarter ended December 2024 were $202.77 million, which missed the Zacks Consensus Estimate by 4.26%, compared to $181.73 million in the same quarter last year [3] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and has also topped consensus revenue estimates three times [2][3] Stock Performance and Outlook - Great Lakes Dredge & Dock shares have declined approximately 2.6% since the beginning of the year, while the S&P 500 has gained 4% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][5] - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $192 million, and for the current fiscal year, it is $0.88 on revenues of $841.1 million [8] Industry Context - The Building Products - Heavy Construction industry, to which Great Lakes Dredge & Dock belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]