Great Lakes Dredge & Dock: Improving Outlook But Limited Upside Potential [Seeking Alpha]
Great Lakes Dredge & Dock Corporation (GLDD)
Last great lakes dredge & dock corporation earnings: 2/19 08:00 am
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US:NASDAQ Investor Relations:
gldd.com
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Source: Seeking Alpha
In 2022, margin was impacted by inflation and supply chain disruption. GLDD's margins improved in 2023 due to improved project performance, fewer supply chain delays, and lower inflation. However, revenue continued to decline. Looking ahead, GLDD's core dredging segment is expected to be robust, but its offshore wind ventures are facing headwinds due to cancellations of power purchase agreements. Synopsis Great Lakes Dredge & Dock ( NASDAQ: GLDD ) is a company that specializes in dredging services in the US. GLDD's past four years of revenue growth have been contracting, with 2022's revenue falling year-over-year. In 2022, its margins contracted due to high inflation and supply chain disruptions. In 2023, revenue continued to decrease due to a decrease in domestic capital project revenues. However, 2023's margin improved year-over-year due to improved project performance, fewer supply chain delays, and lower inflation. Looking ahead, its core dredging segment, which accounts f
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GLDD
News
- Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement [Yahoo! Finance]Yahoo! Finance
- Great Lakes Announces New $150,000,000 Second-Lien Financing AgreementGlobeNewswire
- Investors in Great Lakes Dredge & Dock (NASDAQ:GLDD) have unfortunately lost 53% over the last three years [Yahoo! Finance]Yahoo! Finance
- What Drove Great Lakes Dredge & Dock (GLDD) Stock in Early 2024? [Yahoo! Finance]Yahoo! Finance
- Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is largely controlled by institutional shareholders who own 84% of the company [Yahoo! Finance]Yahoo! Finance
GLDD
Earnings
- 2/14/24 - Beat
GLDD
Analyst Actions
- 2/21/24 - TheStreet
GLDD
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 8-K
- 4/1/24 - Form 4
- GLDD's page on the SEC website