Great Lakes Dredge & Dock (GLDD)
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Is Great Lakes Dredge & Dock (GLDD) Outperforming Other Construction Stocks This Year?
ZACKS· 2024-09-12 22:46
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Great Lakes Dredge & Dock (GLDD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Great Lakes Dredge & Dock is a member of our Construction group, which includes 91 different companies and currently sits ...
Great Lakes Dredge & Dock (GLDD) Advances But Underperforms Market: Key Facts
ZACKS· 2024-09-12 07:00
Great Lakes Dredge & Dock (GLDD) ended the recent trading session at $9.44, demonstrating a +0.53% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.17%. Coming into today, shares of the provider of dredging and dock-contracting services had gained 4.8% in the past month. In that same time, the Construction sector gained 2.28%, while the ...
Great Lakes Dredge & Dock to Present at Sidoti Small-Cap Virtual Investor Conference on Wednesday, September 18, 2024
GlobeNewswire News Room· 2024-09-12 04:00
HOUSTON, Sept. 11, 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 today that its Senior Vice President and Chief Financial Officer, Scott Kornblau, will be presenting and hosting one-on-one meetings with investors at the Sidoti Small-Cap Virtual Investor Conference, taking place on Wednesday, September 18, 2024. The presentation will begin at 3:15 PM ET on Wednesday, Sep ...
4 High Earnings Yield Value Stocks That Investors May Buy Now
ZACKS· 2024-09-11 20:46
The U.S. Labor Department's latest report revealed 142,000 new jobs were created last month, falling short of expectations and signaling a cooling labor market. Now, the attention turns to today's Consumer Price Index (CPI) inflation report. Markets are hoping for further progress on inflation. The CPI report could heavily influence the Federal Reserve's next move on interest rates. Most economists are expecting a 25-basis point (bps) rate cut on Sept.18. Having said that, given recent global economic volat ...
Great Lakes Secures Multiple Dredging Contracts for $256M, Stock Up
ZACKS· 2024-08-28 02:11
文章核心观点 - 公司获得多项价值2.562亿美元的疏浚合同,包括改善航道、海滩补充、应急沙滩补充等工程 [1][2][3][4][5][6][7] - 公司还有3.18亿美元的低价投标和待定选择权,总潜在管线超过12亿美元 [8] - 公司股价在8月26日交易日上涨8.5% [8] - 公司是美国最大的疏浚服务提供商,依靠强劲的国内疏浚业务、高设备利用率、出色的项目执行和重组带来的节约 [10] - 公司二季度疏浚业务积压达8.079亿美元,其中71.2%为资本项目 [11] - 公司预计2024年疏浚投标市场将保持旺盛,相信公司的强大投标能力、项目执行能力以及改善的市场条件、机队调整和成本削减举措将提升其2024年及以后的业绩 [12] 行业概况 - 公司是美国最大的疏浚服务提供商 [10] - 公司预计2024年疏浚投标市场将保持旺盛 [12] 公司表现 - 公司获得多项价值2.562亿美元的疏浚合同 [1][2][3][4][5][6][7] - 公司还有3.18亿美元的低价投标和待定选择权,总潜在管线超过12亿美元 [8] - 公司股价在8月26日交易日上涨8.5% [8] - 公司依靠强劲的国内疏浚业务、高设备利用率、出色的项目执行和重组带来的节约 [10] - 公司二季度疏浚业务积压达8.079亿美元,其中71.2%为资本项目 [11] - 公司预计2024年疏浚投标市场将保持旺盛,相信公司的强大投标能力、项目执行能力以及改善的市场条件、机队调整和成本削减举措将提升其2024年及以后的业绩 [12]
Is Great Lakes Dredge & Dock (GLDD) Stock Undervalued Right Now?
ZACKS· 2024-08-26 22:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...
Great Lakes Announces Receipt of $256.2 Million in Awarded Work
GlobeNewswire News Room· 2024-08-26 21:05
HOUSTON, Aug. 26, 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 today the receipt of several dredging awards totaling $256.2 million. The awarded work includes: Mobile Harbor, Alabama Deepening and Widening – Phase 2A Dredging Project (Capital, Alabama, $65.9 million) Port Everglades Sand Bypass Dredging Project (Capital, Florida, $59.8 million) Barnegat Inlet to Little ...
Great Lakes Dredge & Dock (GLDD) - 2024 Q2 - Earnings Call Transcript
2024-08-10 09:07
分组1 - 公司在第二季度取得了坚实的业绩,实现净利润7.7百万美元和调整后EBITDA25.8百万美元,这是一个非常出色的结果,考虑到公司有部分船舶进行干船坞维修以准备新的LNG项目 [9] - 公司的疏浚订单量保持强劲,在第二季度末达到8.079亿美元,其中85%为资本项目 [11] - 公司新建的6,500立方码绞吸式挖泥船Galveston Island在第二季度全面投入运营,为公司的项目执行做出了重大贡献 [15][42] - 公司正在建造的另一艘姊妹船Amelia Island预计将于2025年下半年交付 [16] 分组2 - 2024财年美国陆军工程兵团的预算达到87亿美元,为公司创造了强劲的投标市场 [10][29] - 2025财年陆军工程兵团的预算预计将再创新高,为公司未来的业务发展奠定了良好基础 [31][32] - 美国海上风电市场在2024年上半年取得了重大里程碑,为公司带来了长期的增长机会 [34][35] - 公司的全新自吸式岩石铺设船Acadia正在建造中,可以在海上风电、油气、电信电缆等领域提供服务,为公司开拓了新的市场机会 [16][40][41] 问答环节重要的提问和回答 问题1 **Joseph Gomes 提问** 询问公司在第二季度的市场份额和中标情况 [37] **Lasse Petterson 回答** 公司在2024年的投标市场非常强劲,特别是在湾区的港口疏浚项目和东海岸的海滩修复项目方面 [38] 问题2 **Jonathan Tanwanteng 提问** 询问公司在剩余年度的设备利用率和维修计划 [54][57] **Scott Kornblau 回答** 公司的设备利用率很高,第四季度尤其如此。公司有少量常规维修计划,但不会对全年业绩产生重大影响 [55][58][60] 问题3 **Adam Thalhimer 提问** 询问公司在市场竞争方面的情况 [66] **Lasse Petterson 回答** 公司未发现市场上有异常的竞争行为,投标市场保持强劲,各公司的报价差距较大,反映了良好的竞争环境 [67]
Should Value Investors Buy Great Lakes Dredge & Dock (GLDD) Stock?
ZACKS· 2024-08-09 22:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, inc ...
Is Great Lakes Dredge & Dock (GLDD) Stock Outpacing Its Construction Peers This Year?
ZACKS· 2024-08-09 22:40
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Great Lakes Dredge & Dock (GLDD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Great Lakes Dredge & Dock is one of 91 individual stocks in the Construction sector. Collectively, these companies sit at # ...