Great Lakes Dredge & Dock (GLDD)
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Great Lakes Dredge & Dock's Cape Hatteras and Cape Canaveral Multi Cat Vessels Win Prestigious WorkBoat's Significant Boat of the Year Award
GlobeNewswire News Room· 2024-11-18 22:00
HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that its newly launched Multi Cat dredge support vessels, Cape Hatteras and Cape Canaveral, have been awarded the prestigious 2024 Significant Boat of the Year title at the International WorkBoat Show. This award underscores the Company’s commitment to safety, innovation, and operational excellence in the d ...
Great Lakes Dredge & Dock (GLDD) - 2024 Q3 - Quarterly Report
2024-11-06 05:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33225 Great Lakes Dredge & Dock Corporation (Exact name of registrant as specified in its charter) Delaware 20-5336063 (State or other ...
Great Lakes Dredge & Dock (GLDD) - 2024 Q3 - Earnings Call Transcript
2024-11-06 04:05
财务数据和关键指标变化 - 第三季度净收入为890万美元,调整后的EBITDA为2700万美元 [5][12] - 第三季度收入为1.912亿美元,比去年同期增加7400万美元,主要由于Galveston Island的项目活动和更高的资本及海岸保护项目收入 [12][13] - 第三季度毛利润为3620万美元,毛利率为19%,相比于去年同期的900万美元和7.7%有显著提升 [14] 各条业务线数据和关键指标变化 - 新合同总额为5.43亿美元,其中包括6个海滩修复项目,占海岸保护市场的79%以及3个港口加深项目,占资本项目投标市场的81% [5] - 离岸风电的订单积压为4460万美元,另有1270万美元的待授予选项 [9] 各个市场数据和关键指标变化 - 美国海岸工程和港口加深项目的市场需求强劲,2024年美国陆军工程兵团的预算为87亿美元,2025年预算预计将创下新高 [20][21] - 美国离岸风电开发和运营管道在过去一年中增长了53%,预计到2025年将达到约80.5吉瓦的潜在发电能力 [23] 公司战略和发展方向和行业竞争 - 公司坚定不移地进入美国离岸风电市场,Acadia号船正在建设中,预计将为未来的离岸风电项目提供支持 [8][10] - 公司计划通过现代化的高效挖泥船来替代老旧船只,以增强市场竞争力 [34] 管理层对经营环境和未来前景的评论 - 管理层对未来的经营环境持乐观态度,预计2024年和2025年将继续保持强劲的投标市场 [20][21] - 管理层提到,尽管存在一些项目的延迟,但整体项目进展良好,且有充足的订单积压支持未来的收入 [50][51] 其他重要信息 - 公司在第三季度末的订单积压创下12亿美元的新高,提供了到2026年的收入可见性 [6] - S&P将公司的信用评级从CCC+上调至B-,显示出公司在财务表现和现金流方面的改善 [16] 问答环节所有提问和回答 问题: 关于第四季度的授标环境 - 管理层表示,预计在第四季度将有更多项目授标,尤其是90万美元的低标项目已经获得授标 [29][30] 问题: 关于Acadia号船的进展 - 管理层确认,Acadia号船的建设进展顺利,预计不会受到新船厂所有权转让的影响 [32] 问题: 关于竞争环境的看法 - 管理层指出,市场竞争保持稳定,部分竞争对手已退役老旧船只,整体市场容量未显著增加 [34] 问题: 关于毛利率的影响 - 管理层提到,第三季度的干船坞费用对毛利率有一定影响,但预计第四季度将会有更高的毛利率 [37][38] 问题: 关于NextDecade项目的进展 - 管理层表示,NextDecade项目正在顺利进行,预计将继续推进 [50][51]
Great Lakes Dredge & Dock (GLDD) Misses Q3 Earnings Estimates
ZACKS· 2024-11-05 23:10
Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.78%. A quarter ago, it was expected that this provider of dredging and dock-contracting services would post earnings of $0.03 per share when it actually produced earnings of $0.11, delivering a surprise o ...
Great Lakes Dredge & Dock (GLDD) - 2024 Q3 - Quarterly Results
2024-11-05 22:00
EXHIBIT 99.1 Great Lakes Reports Third Quarter 2024 Results Third quarter net income of $8.9 million Third quarter adjusted EBITDA of $27.0 million Record dredging backlog of $1.21 billion at September 30, 2024 HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlig ...
Great Lakes to Report Q3 Earnings: Here's What You Should Know
ZACKS· 2024-11-05 01:25
文章核心观点 - 公司预计第三季度收入和利润将同比大幅增长 [1][3][4][5] - 公司的资本工程和沿海防护业务表现强劲,推动了收入增长 [4][6][8] - 维护业务也呈现上升趋势,得益于公司的战略举措 [7][8] - 尽管管理费用有所增加,但公司预计通过提高利用率、项目表现良好、干船坞计划执行出色以及成本控制来实现利润同比增长 [10] 根据目录分类总结 收入和利润表现 - 公司第二季度收入和利润超出市场预期,同比均有增长 [1] - 公司过去4个季度的利润均超出市场预期,平均超出幅度为215.3% [2] - 第三季度每股收益预计同比大幅增长300%,收入预计同比增长54.3% [3] 业务表现 - 资本工程和沿海防护业务表现强劲,分别贡献了41.6%和41.3%的第二季度收入 [6][8] - 维护业务也呈现上升趋势,得益于公司的战略举措 [7][8] - 河湖业务受到项目活动疲软的影响,收入预计同比下降23.1% [9] 未来展望 - 公司预计第三季度的利用率和收入将超过第二季度水平,得益于LNG项目的启动和下半年工作量的增加 [5] - 公司对行业的增长趋势保持乐观,得益于拜登政府和国会对疏浚行业的持续支持 [4]
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2024 Third Quarter Results
GlobeNewswire News Room· 2024-10-30 04:02
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three and nine months ended September 30, 2024 on Tuesday, November 5, 2024 at 7:00 a.m. C.S.T. A conference call with the Company will be held the same day at 9:00 a.m. C.S.T. Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain imme ...
Great Lakes Dredge & Dock (GLDD) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-10-29 07:01
Great Lakes Dredge & Dock (GLDD) closed at $11.52 in the latest trading session, marking a -1.62% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.27%. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq increased by 0.26%. Coming into today, shares of the provider of dredging and dock-contracting services had gained 11.84% in the past month. In that same time, the Construction sector lost 2.03%, while the S&P 500 gained 2%. The ...
Great Lakes Dredge & Dock (GLDD) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-10-16 07:21
文章核心观点 - 公司最近一个交易日的股价上涨0.61%,超过了标普500指数的下跌0.76% [1] - 过去一个月公司股价上涨16.94%,超过了建筑行业2.69%和标普500指数4.31%的涨幅 [1] - 公司预计将在即将到来的财报中报告每股收益0.18美元,同比增长300% [1] - 全年来看,公司预计每股收益和收入分别同比增长471.43%和27.12% [2] 公司概况 - 公司主营疏浚和码头承包服务 [1] - 公司目前被评为Zacks Rank 3(Hold) [3] - 公司当前市盈率为14.32,低于行业平均水平20.81 [3] - 公司当前PEG率为0.41,低于行业平均水平2.19 [3] 行业概况 - 公司所在的建筑产品-重型建筑行业目前在250多个行业中排名第155位,位于中下游 [4] - 该行业的Zacks行业排名显示,排名靠前的行业整体表现优于排名靠后的行业2倍 [4]
GLDD Banks on Favorable Market Trends Amid High Costs & Expenses
ZACKS· 2024-10-10 22:45
Great Lakes Dredge & Dock Corporation (GLDD) is benefiting from its focus on the new build program and the ongoing demand strength for dredging services. The consistent award wins reflect the favorable market trends and the strategic initiatives undertaken by the company. Other industry players that share space with GLDD, including EMCOR Group, Inc. (EME) , Granite Construction Incorporated (GVA) and MasTec, Inc. (MTZ) , are also benefiting from the favorable market trends and solid demand for public constr ...