GLDD Soars 35% On Stellar Q1 Results, Best Days Still To Come [Forbes]
Great Lakes Dredge & Dock Corporation (GLDD)
Last great lakes dredge & dock corporation earnings: 2/19 08:00 am
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Source: Forbes
Blowout quarterly results released by Great Lakes Dredge & Dock (GLDD) on May 7 have its shares up over 30% since. Q1 contract revenues climbed 25.7% year-over-year to $198.7 million, $28.3 million above the consensus view, boosted by increased coastal protection and capital project activity. The company also benefited from having its vessels spend less time in dry dock than it had previously expected, although some of that work was pushed into Q2. Those elements more than made up for a decrease in rivers & lakes and maintenance project work. And further boosted by a favorable shift in mix to higher-margin projects, improved utilization and project performance, the company went from a loss of 5 cents per share last year to earning 31 cents, more than four times better than the 7-cent profit projected by Wall Street. Because some of the ship maintenance expected in Q1 was pushed into the current quarter—which already had several drydockings on schedule—GLDD expects to see a sizable
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GLDD
News
- Great Lakes Dredge & Dock (GLDD) Flat As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Great Lakes Dredge & Dock Co. (NASDAQ: GLDD) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Great Lakes Dredge & Dock to Present at Sidoti June Virtual Conference on Thursday, June 13, 2024 [Yahoo! Finance]Yahoo! Finance
- Great Lakes Dredge & Dock to Present at Sidoti June Virtual Conference on Thursday, June 13, 2024GlobeNewswire
- Recent Price Trend in Great Lakes Dredge & Dock (GLDD) is Your Friend, Here's Why [Yahoo! Finance]Yahoo! Finance
GLDD
Earnings
- 5/7/24 - Beat
GLDD
Sec Filings
- 5/31/24 - Form 144
- 5/30/24 - Form 144
- 5/29/24 - Form 144
- GLDD's page on the SEC website