Can Strong Order Flow Extend GLDD Stock's Impressive 65% YTD Surge? [Forbes]
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: Forbes
Great Lakes Dredge & Dock (GLDD) reported a strong Q3, with total revenues jumping 63.1% year-over-year to $191.2 million, beating consensus by $7.1 million. This revenue boost was driven by the company's newest hopper dredge, the Galveston Island, operational since January, along with increased capital and coastal protection project revenues. While earnings improved sharply to $0.13 per share from a loss of $0.09 in the prior year, they missed analysts' $0.18 target due to additional costs for accelerating the drydocking of another dredge and higher accrued incentive pay reflecting the company's strong operational performance so far in 2024. The slight earnings miss doesn't overshadow the company's proactive moves to expedite revenue generation and reward high performance. After all, through the first nine months of 2024, GLDD's revenues reached $559.9 million—a 37.3% increase from the prior year, exceeding consensus by $40.3 million. And even with the higher costs absorbed in Q3,
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GLDD
News
- Great Lakes Dredge & Dock Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Update: GLDD, November 5 [Forbes]Forbes
- Great Lakes Dredge & Dock Corporation (GLDD) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Great Lakes Dredge & Dock's (NASDAQ:GLDD) Q3: Beats On Revenue, Stock Soars [Yahoo! Finance]Yahoo! Finance
- Great Lakes Reports Third Quarter 2024 ResultsGlobeNewswire
GLDD
Earnings
- 11/5/24 - Miss
GLDD
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- GLDD's page on the SEC website