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GLDD / Great Lakes Dredge & Dock: The Only Thing Keeping This A Viable Prospect

Great Lakes Dredge & Dock has seen a significant decline in revenue, profits, and cash flows, with shares dropping 13.8% since last year. The company's backlog, or future projects, has also decreased from $551.6 million at the end of 2021 to $327.1 million in the first quarter of 2023. Despite the downturn, funding from the US Army Corps of Engineers and bids on offshore wind projects could provide a boost, leading to a more neutral rating for the company. Read More

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Posted: Jul 9 2023, 02:39

Author Name: Seeking Alpha

GLDD News

By Seeking Alpha
September 21, 2023

Great Lakes Dredge & Dock: Turnaround In The Bidding Market Makes It A Good Buy

Great Lakes Dredge & Dock's revenue growth is expected to benefit from recent project wins, entry in the US offshore wind market, as well as bipartisa

By Zacks Investment Research
September 20, 2023

Great Lakes (GLDD) Wins Key Dredging Contracts Worth $177M

Great Lakes (GLDD) secures $177 million dredging contracts for coastal protection and maintenance, contributing to environmental and infrastructure re

By Zacks Investment Research
August 24, 2023

Great Lakes (GLDD) Wins Contract for Port Arthur LNG Phase 1

With this contract, Great Lakes' (GLDD) backlog and recent pending awardable work now exceed $1 billion.

By Seeking Alpha
July 11, 2023

Great Lakes Dredge & Dock: An Interesting Infrastructure Play

Shares of dredging services provider Great Lakes Dredge & Dock Corporation have fallen over 40% since YE21 as the federal government bid market inexpl

By Seeking Alpha
July 9, 2023

Great Lakes Dredge & Dock: The Only Thing Keeping This A Viable Prospect

Great Lakes Dredge & Dock has seen a significant decline in revenue, profits, and cash flows, with shares dropping 13.8% since last year. The company'

By GuruFocus
June 20, 2023

Digging for Success With Great Lakes Dredge & Dock

Some of the most interesting investment stories are often the most unglamorous. One good example is the dredging business.

By Zacks Investment Research
June 2, 2023

Great Lakes (GLDD) Wins Two Dredging Contracts Worth $186.6M

Great Lakes Dredge & Dock (GLDD) receives two federally funded dredging contracts, valued at $186.6 million, for the U.S. Army Corps of Engineers, Gal

By Zacks Investment Research
May 31, 2023

Great Lakes (GLDD) Wins $157M Freeport Dredging Contract

Great Lakes (GLDD) strong bidding ability and project execution bode well.

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