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]

Company Overview - Great Lakes Dredge & Dock (GLDD) closed at $11.22, down 1.84% from the previous trading session, underperforming the S&P 500 which lost 0.27% [1] - Over the past month, GLDD shares decreased by 2.06%, lagging behind the Construction sector's gain of 3.67% and the S&P 500's gain of 4.27% [1] Upcoming Earnings - The earnings report for Great Lakes Dredge & Dock is anticipated on February 18, 2025, with projected earnings per share (EPS) of $0.21, indicating a 16% decrease from the same quarter last year [2] - Revenue is expected to reach $211.8 million, reflecting a 16.55% increase compared to the year-ago quarter [2] Analyst Estimates - Changes in analyst estimates for Great Lakes Dredge & Dock are crucial as they often reflect short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Great Lakes Dredge & Dock at 3 (Hold) [5] - There has been no change in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.99, which is a discount compared to the industry's average Forward P/E of 18.68 [6] - The company also has a PEG ratio of 0.37, significantly lower than the average PEG ratio of 1.25 for the Building Products - Heavy Construction industry [7] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half 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 [3] - The company is expanding its core business into the developing offshore energy industry [3] - Great Lakes has a long history of completing significant international projects and has never failed to complete a marine project in over 135 years [3] - The company operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels [3] - Great Lakes employs experienced civil, ocean, and mechanical engineering staff in its estimating, production, and project management functions [3] - The company has a disciplined training program for engineers to ensure performance based on experience [3] - Great Lakes integrates its Incident-and Injury-Free (IIF) safety management program into all aspects of its culture, promoting employee safety [3] Upcoming Financial Results - Great Lakes Dredge & Dock Corporation will release its financial results for the three and twelve months ended December 31, 2024, on February 18, 2025, at 7:00 a.m. C.S.T. [1] - A conference call will be held the same day at 9:00 a.m. C.S.T. [1]

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.46, reflecting a +1.69% increase from the previous day, outperforming the S&P 500 which gained 0.36% [1] - Over the past month, GLDD shares experienced a loss of 0.88%, underperforming the Construction sector's gain of 0.5% and the S&P 500's gain of 2.11% [2] Financial Projections - The upcoming EPS for Great Lakes Dredge & Dock is projected at $0.21, indicating a 16% decline compared to the same quarter last year [3] - Revenue is estimated to be $211.8 million, representing a 16.55% increase from the prior-year quarter [3] Analyst Estimates - Recent modifications to analyst estimates for Great Lakes Dredge & Dock are crucial as they reflect changing business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Consensus EPS estimate has remained unchanged over the last 30 days, and the company currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.81, which is a discount compared to the industry's average Forward P/E of 16.95 [7] - The company has a PEG ratio of 0.37, significantly lower than the average PEG ratio of 1.2 for the Building Products - Heavy Construction industry [8] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and currently holds a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.15, reflecting a +1.55% change from the previous session, outperforming the S&P 500 which gained 0.53% [1] - The stock has decreased by 2.75% over the past month, underperforming the Construction sector's loss of 0.13% and the S&P 500's gain of 1.24% [1] Upcoming Financial Results - The company is expected to report an EPS of $0.21, indicating a 16% decline compared to the same quarter last year [2] - Revenue is projected to be $211.8 million, representing a 16.55% increase from the prior-year quarter [2] Analyst Estimates - Recent changes to analyst estimates for Great Lakes Dredge & Dock indicate a dynamic business outlook, with positive revisions suggesting optimism [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Great Lakes Dredge & Dock at 3 (Hold) [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.48, which is below the industry average of 16.8 [6] - The company has a PEG ratio of 0.36, significantly lower than the Building Products - Heavy Construction industry's average PEG ratio of 1.24 [7] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and holds a Zacks Industry Rank of 172, placing it in the bottom 32% of over 250 industries [8]

Core Insights - Great Lakes Dredge & Dock Corporation has elected Dana Armstrong as a new independent director, effective January 5, 2025, increasing the Board members to seven [1][2]. Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and is expanding into the offshore wind energy industry [4]. - The company has a history of completing significant international projects and has never failed to complete a marine project in its over 134-year history [4]. - Great Lakes operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels [4]. - The company emphasizes a disciplined training program for engineers and integrates its Incident-and Injury-Free® (IIF®) safety management program into its culture, prioritizing employee safety [4]. New Board Member Profile - Dana Armstrong has served as Executive Vice President and Chief Financial Officer of Excelerate Energy, Inc. since 2020 and has prior experience as Senior Vice President and Chief Financial Officer of Scientific Drilling International from 2015 to 2020 [2]. - Armstrong holds a Bachelor's Degree in Accounting and a Master's Degree in Finance from the University of Houston, C.T. Bauer College of Business, and is a licensed Certified Public Accountant in Texas [3].

HOUSTON, Jan. 08, 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, announced today that its Senior Vice President and Chief Financial Officer, Scott Kornblau, will be presenting and hosting one-on-one meetings with investors at the at CJS Securities 25th Annual New Ideas for the New Year Virtual Conference on Tuesday, January 14, 2025. The presentation will begin at 3:05 PM ET on Tu ...

Great Lakes Dredge & Dock (GLDD) closed at $11.77 in the latest trading session, marking a +0.94% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.26%. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 1.77%.The the stock of provider of dredging and dock-contracting services has fallen by 8.12% in the past month, leading the Construction sector's loss of 12.76% and undershooting the S&P 500's loss of 2.82%.The investment community will be closely ...

Great Lakes Dredge & Dock Corporation’s (GLDD) has received $182 million worth of several new dredging awards. All the awards included, focus on coastal protection and are either federally or locally funded.GLDD stock gained 1.1% during Thursday’s trading hours, post the announcement of the new awards.More on Great Lakes’ New Dredging AwardsThe newly awarded work highlights four projects including the Manasquan Inlet to Barnegat Inlet Ocean City Beach Renourishment Project, the Myrtle Beach Renourishment Pr ...

Core Viewpoint - Great Lakes Dredge & Dock Corporation has received several dredging awards totaling $182 million, enhancing its project backlog and supporting coastal protection initiatives in the U.S. [1] Project Summaries - The Manasquan Inlet to Barnegat Inlet Ocean City Beach Renourishment Project in New Jersey is awarded $73.6 million, aimed at coastal storm damage reduction over a 13-mile shoreline, with work expected to start in Q1 2025 and complete by Q3 2025 [2] - The Myrtle Beach Renourishment Project in South Carolina is awarded $72.3 million, involving dredged material placement on local beaches, with work expected to start in Q4 2025 and complete by Q1 2026 [3] - The Sagaponack and Bridgehampton Beach Erosion Control District Nourishment Project in New York is awarded $19.6 million, focusing on repairing dunes and infrastructure, with work expected to start in Q1 2025 and complete by Q2 2025 [4] - The Phipps Ocean Park Beach Nourishment Project in Florida is awarded $16.5 million, addressing damage from Hurricanes Ian and Nicole, with work expected to start at the end of 2024 and complete by Q1 2025 [5] Company Overview - Great Lakes is the largest provider of dredging services in the U.S. and is expanding into the offshore wind energy sector, with a history of completing significant international projects [6] - The company operates a diverse fleet of approximately 200 specialized vessels and has a disciplined training program for engineers to ensure performance [6] - Great Lakes emphasizes a safety management program, Incident-and Injury-Free® (IIF®), promoting a culture of employee safety [7]