Great Lakes Dredge & Dock Corporation (GLDD) Income Statement Analysis

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Complete financial analysis of Great Lakes Dredge & Dock Corporation (GLDD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Great Lakes Dredge & Dock Corporation, a leading company in the Engineering & Construction industry within the Industrials sector.

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Great Lakes Dredge & Dock Corporation (GLDD)

Industry: Engineering & Construction

Sector: Industrials

Website: https://www.gldd.com

About Great Lakes Dredge & Dock Corporation

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land reclamations, channel deepening, and port infrastructure development; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. It operates a fleet of 18 dredges, 17 material transportation barges, 1 drillboat, and various other support vessels. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	589.63M	648.78M	726.15M	733.60M	711.52M	620.80M	702.50M	767.59M	856.88M	806.83M	731.42M	687.58M	627.33M	686.92M	622.24M	586.88M	515.76M	425.98M	0.00	0.00	0.00	0.00	318.80M
Cost of Revenue	511.89M	617.61M	580.88M	562.37M	557.76M	509.34M	652.62M	681.20M	760.96M	714.34M	631.12M	619.19M	534.32M	564.14M	534.00M	517.58M	447.81M	368.99M	0.00	0.00	328.20M	294.60M	260.50M
Gross Profit	77.73M	31.17M	145.27M	171.23M	153.76M	111.46M	49.88M	86.39M	95.92M	92.50M	100.30M	68.40M	93.02M	122.78M	88.24M	69.30M	67.95M	56.99M	0.00	0.00	-328.20M	-294.60M	58.30M
Gross Profit Ratio	13.18%	4.80%	20.01%	23.34%	21.61%	17.95%	7.10%	11.25%	11.19%	11.46%	13.71%	9.95%	14.83%	17.87%	14.18%	11.81%	13.17%	13.38%	0.00%	0.00%	0.00%	0.00%	18.29%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	57.06M	51.12M	62.13M	62.76M	59.11M	55.11M	68.33M	65.53M	71.07M	67.91M	68.04M	53.46M	50.43M	54.35M	45.22M	42.77M	38.71M	0.00	0.00	0.00	0.00	29.80M	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	57.06M	51.12M	62.13M	62.76M	59.11M	55.11M	68.33M	65.53M	71.07M	67.91M	68.04M	53.46M	50.43M	54.35M	45.22M	42.77M	38.71M	30.46M	520.75K	1.10K	27.90M	29.80M	25.20M
Other Expenses	0.00	-1.57M	994.00K	1.11M	317.00K	-2.59M	-788.00K	-3.38M	-1.23M	210.00K	0.00	0.00	-11.71M	0.00	773.00K	440.00K	262.00K	31.38M	0.00	0.00	27.90M	0.00	25.20M
Operating Expenses	49.51M	51.12M	62.13M	62.76M	59.11M	55.11M	68.33M	65.53M	71.07M	67.91M	68.04M	53.46M	50.43M	54.35M	45.99M	43.21M	38.97M	31.38M	520.75K	1.10K	27.90M	29.80M	25.20M
Cost & Expenses	559.17M	668.73M	643.01M	625.13M	616.87M	564.44M	720.95M	746.73M	832.02M	782.25M	699.16M	672.64M	584.75M	618.49M	579.99M	560.78M	486.78M	400.37M	520.75K	1.10K	356.10M	324.40M	285.70M
Interest Income	0.00	14.11M	21.60M	26.59M	27.52M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	12.14M	14.11M	21.60M	26.59M	27.52M	33.58M	26.05M	22.91M	24.37M	19.97M	21.94M	20.92M	21.67M	13.54M	16.15M	16.97M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	42.53M	46.27M	43.02M	38.18M	37.15M	50.39M	55.96M	54.83M	64.59M	50.13M	46.62M	40.03M	42.35M	34.30M	773.00K	30.12M	29.21M	28.39M	0.00	0.00	16.30M	15.90M	15.30M
EBITDA	72.98M	16.97M	127.44M	151.06M	135.59M	100.42M	32.87M	78.66M	80.26M	79.28M	98.88M	55.55M	84.93M	102.12M	74.89M	56.21M	58.19M	54.00M	13.45M	-1.10K	-339.80M	-308.50M	48.40M
EBITDA Ratio	12.38%	-3.32%	11.59%	14.94%	13.35%	8.66%	-2.95%	1.97%	2.05%	3.43%	4.58%	2.19%	6.72%	10.05%	6.91%	9.58%	11.28%	12.82%	0.00%	0.00%	0.00%	0.00%	15.18%
Operating Income	28.22M	-19.94M	41.11M	71.40M	57.82M	52.62M	-23.53M	14.68M	22.96M	23.85M	51.40M	15.51M	54.29M	68.43M	42.25M	26.10M	28.98M	25.61M	-520.75K	-1.10K	32.10M	38.20M	33.10M
Operating Income Ratio	4.79%	-3.07%	5.66%	9.73%	8.13%	8.48%	-3.35%	1.91%	2.68%	2.96%	7.03%	2.25%	8.65%	9.96%	6.79%	4.45%	5.62%	6.01%	0.00%	0.00%	0.00%	0.00%	10.38%
Total Other Income/Expenses	-9.91M	-23.47M	-20.61M	-25.48M	-23.73M	-36.17M	-29.84M	-26.61M	-31.65M	-14.67M	-1.94M	-3.79M	-27.21M	-14.16M	-16.53M	-16.99M	-15.53M	-22.46M	-20.98M	-18.00M	-32.40M	-20.80M	-21.10M
Income Before Tax	18.31M	-43.42M	62.82M	86.29M	70.92M	16.45M	-54.17M	-13.97M	-8.69M	9.19M	30.32M	-5.41M	26.80M	54.27M	25.72M	8.82M	13.46M	3.16M	599.39K	0.00	-300.00K	17.40M	12.00M
Income Before Tax Ratio	3.11%	-6.69%	8.65%	11.76%	9.97%	2.65%	-7.71%	-1.82%	-1.01%	1.14%	4.14%	-0.79%	4.27%	7.90%	4.13%	1.50%	2.61%	0.74%	0.00%	0.00%	0.00%	0.00%	3.76%
Income Tax Expense	4.41M	-9.36M	13.39M	20.19M	15.25M	5.44M	-35.61M	-5.79M	-2.50M	-11.53M	10.46M	-2.07M	9.55M	20.55M	10.98M	3.84M	6.40M	971.00K	267.85K	1.10K	1.30M	4.40M	5.50M
Net Income	13.91M	-34.06M	49.43M	66.10M	49.34M	-6.29M	-31.26M	-8.18M	-6.19M	10.30M	-34.36M	-2.70M	16.53M	34.61M	17.47M	4.98M	7.06M	2.19M	331.55K	-1.10K	-1.60M	13.00M	6.50M
Net Income Ratio	2.36%	-5.25%	6.81%	9.01%	6.93%	-1.01%	-4.45%	-1.07%	-0.72%	1.28%	-4.70%	-0.39%	2.63%	5.04%	2.81%	0.85%	1.37%	0.51%	0.00%	0.00%	0.00%	0.00%	2.04%
EPS	0.21	-0.52	0.75	1.02	0.82	-0.10	-0.51	-0.13	-0.10	0.18	-0.58	-0.05	0.28	0.59	0.30	0.09	0.14	-0.90	0.04	0.00	-32.00	260.00	129.62
EPS Diluted	0.21	-0.52	0.75	1.00	0.80	-0.10	-0.51	-0.13	-0.10	0.17	-0.57	-0.05	0.28	0.59	0.30	0.09	0.14	-0.90	0.04	0.00	-32.00	260.00	129.62
Weighted Avg Shares Out	66.47M	66.05M	65.59M	64.74M	63.60M	62.24M	61.37M	60.74M	60.41M	59.94M	59.50M	59.20M	58.89M	58.65M	58.51M	58.47M	48.91M	9.78M	9.29M	9.29M	50.00K	50.00K	50.00K
Weighted Avg Shares Out (Dil)	66.96M	66.05M	66.30M	65.87M	65.04M	63.61M	61.37M	60.74M	60.41M	60.52M	60.10M	59.67M	59.23M	58.87M	58.63M	58.48M	52.22M	11.20M	9.29M	9.29M	50.00K	50.00K	50.00K

Should Value Investors Buy Great Lakes Dredge & Dock (GLDD) Stock?

September 27, 2024zacks.com

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...

Why Great Lakes Dredge & Dock (GLDD) Outpaced the Stock Market Today

September 26, 2024zacks.com

In the most recent trading session, Great Lakes Dredge & Dock (GLDD) closed at $10.58, indicating a +0.86% shift from the previous trading day.

Great Lakes Wins $219M Firm-Fixed-Price Defense Contract

September 24, 2024zacks.com

GLDD secures a $219M contract for the Sabine-Neches Waterway Channel Improvement Project in Port Arthur, TX, set for completion by 2027.

First September Gains in 5 Years? Buy 3 Breakout Stocks Now

September 23, 2024zacks.com

Bioventus, Great Lakes Dredge & Dock, and AxoGen have been selected as the breakout stocks for today.

Great Lakes Dredge & Dock (GLDD) Advances While Market Declines: Some Information for Investors

September 20, 2024zacks.com

Great Lakes Dredge & Dock (GLDD) closed at $10.45 in the latest trading session, marking a +1.26% move from the prior day.

Great Lakes Dredge & Dock to Present at Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference on Wednesday, September 25, 2024

September 18, 2024globenewswire.com

HOUSTON, Sept. 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 today that its Senior Vice President and Chief Financial Officer, Scott...

Great Lakes Dredge & Dock: Good Near And Long-Term Growth Prospects

September 18, 2024seekingalpha.com

Great Lakes Dredge & Dock Corporation (GLDD) has strong growth prospects due to a healthy backlog, robust bidding activity, and federal infrastructure funding support. The company's revenue growth is driven by high-margin capital dredging projects, increasing offshore wind market demand,...