Great Lakes Earnings Reports

Great Lakes Dredge & Dock Corporation delivered a solid second quarter in 2025, with revenue of $193.8 million, net income of $9.7 million, and Adjusted EBITDA of $28.0 million. The company's dredging backlog stood at approximately $1.0 billion, with an additional $215.4 million in low bids and options pending award, providing strong revenue visibility. The increase in revenue and profitability was primarily driven by higher capital project revenue and improved gross margins.

Great Lakes Dredge & Dock Corporation reported a strong first quarter in 2025, with revenue reaching $242.9 million, net income of $33.4 million, and adjusted EBITDA of $60.1 million. The company's dredging backlog stood at approximately $1 billion, with significant contributions from capital and coastal protection projects.

Great Lakes Dredge & Dock Corporation reported strong Q4 and full year 2024 results, driven by robust project performance. The company ended the year with a substantial dredging backlog of $1.2 billion and an additional $282.1 million in low bids and options pending award.

Great Lakes reported a solid third quarter, marked by strong project performance and significant project wins. The company was awarded $543.0 million of new work and ended the quarter with a record backlog of $1.21 billion. The company's credit rating was upgraded by S&P Global Ratings to “B-” from “CCC+”.

Great Lakes Dredge & Dock Corporation reported a net income of $7.7 million and an adjusted EBITDA of $25.8 million for the second quarter of 2024. The company's dredging backlog stood at $807.9 million. The bid market is expected to remain strong for the rest of the year, particularly in capital and coastal protection target markets.

Great Lakes Dredge & Dock Corporation reported a strong first quarter in 2024, marked by a net income of $21.0 million and an adjusted EBITDA of $42.9 million. The company's dredging backlog stood at $879.4 million at the end of March 2024, with a significant portion allocated to capital projects. The company is also making strides in the offshore wind market, with contracts awarded for rock installation in New York.

Great Lakes Dredge & Dock Corporation reported strong fourth quarter results, ending the year with a record backlog of $1.04 billion. The company saw increased bidding activity, particularly in capital and coastal protection markets, and made progress on its new build program and entry into the offshore wind market.

Great Lakes Dredge & Dock Corporation reported a net loss of $6.2 million for the third quarter of 2023. Despite challenges, the company secured $519.7 million in capital projects and $235.6 million in maintenance and coastal protection projects, ending the quarter with a dredging backlog of $1.03 billion.

Great Lakes Dredge & Dock Corporation reported improved second-quarter results, marked by increased net income and the highest adjusted EBITDA since Q1 2022. The company secured significant dredging backlog and is expanding into the offshore wind market, supported by strong government funding and project awards.

Great Lakes reported improved results in the first quarter of 2023, with revenues of $158.0 million and adjusted EBITDA of $10.2 million. The company saw improvements in gross profit margins and adjusted EBITDA from the prior three quarters. The company ended the quarter with $327.1 million of dredging backlog.

Great Lakes Dredge & Dock Corporation reported a fourth quarter net loss of $31.2 million and a negative adjusted EBITDA of $24.2 million. The company ended the year with a dredging backlog of $377.1 million and is adjusting to the current situation by taking swift and proactive action on cost reductions and fleet adjustments.

Great Lakes Dredge & Dock Corporation reported a net loss of $9.9 million for the third quarter of 2022. The company faced challenges including a delayed bid market, increased inflationary pressure, and project-specific issues. Despite these headwinds, Great Lakes secured $338.9 million in dredging projects and open options, ending the quarter with a dredging backlog of $452.6 million.

Great Lakes Dredge & Dock Corporation reported a net loss of $4.0 million for the second quarter. The company faced challenges including supply chain delays, inflationary pressures, and adverse weather conditions, which impacted project production and financial results. Bidding activity is expected to increase, and the company anticipates stronger results in the second half of the year.

Great Lakes Dredge & Dock Corporation reported solid results in the first quarter of 2022, with a net income of $11.1 million and an adjusted EBITDA of $29.7 million. However, the company experienced delays due to weather events, production impacts, and lingering COVID-19 costs.

Great Lakes Dredge & Dock Corporation reported strong fourth-quarter results, driven by solid project performance. The company's full-year results were impacted by COVID-19 related costs and operational challenges, but ended the year with a strong backlog.

Great Lakes Dredge & Dock Corporation reported third quarter results with a net income of $13.8 million and Adjusted EBITDA of $32.2 million. The company was awarded $300.5 million in work during the quarter, resulting in a backlog of $598.5 million.

Great Lakes Dredge & Dock Corporation reported second quarter net income of $2.1 million and Adjusted EBITDA of $20.2 million. The company announced awards for $112.8 million in new work, resulting in a backlog of $454.4 million.

Great Lakes Dredge & Dock Corporation reported first quarter results with a net income of $8.8 million and adjusted EBITDA of $26.8 million. The company faced challenges due to the COVID-19 pandemic, which impacted vessel scheduling and productivity, leading to revenue delays. Despite these challenges, the company secured awards totaling $90.3 million and is optimistic about the domestic bid market for the remainder of the year.

Great Lakes Dredge & Dock Corporation reported strong financial results for the fourth quarter and full year ended December 31, 2020, with a backlog of $559.4 million and a cash position of $216.5 million.

Great Lakes Dredge & Dock Corporation reported a strong third quarter with solid project performance, leading to increased income from continuing operations and adjusted EBITDA. The company was awarded $466 million in projects, resulting in a backlog of $661.3 million. They are also relocating their headquarters to Houston, Texas.

Great Lakes Dredge & Dock Corporation reported second quarter results with income from continuing operations of $9.0 million and an adjusted EBITDA from continuing operations of $28.1 million. The company ended the quarter with a cash position of $233.5 million.

Great Lakes Dredge & Dock Corporation reported a strong first quarter, driven by strong project performance, resulting in net income from continuing operations of $34.0 million and adjusted EBITDA from continuing operations of $61.4 million. The company ended the quarter with a strong net cash position of $207.5 million.

Great Lakes Dredge & Dock Corporation reported strong financial results, driven by a strong domestic dredging market and the continued effectiveness of their 2018 asset rationalization and cost reduction program. The company saw an increase of $44.7 million in net income from continuing operations and $35.2 million in adjusted EBITDA from continuing operations over the prior year. The dredging market is expected to remain strong for the next two to three years.