Great Lakes Dredge & Dock Corporation will announce Q1 2025 financial results on May 6, with a conference call to follow.
Quiver AI Summary
Great Lakes Dredge & Dock Corporation will release its financial results for the first quarter ending March 31, 2025, on May 6, 2025, at 7:00 a.m. C.D.T., followed by a conference call at 9:00 a.m. C.D.T. Investors and analysts are encouraged to pre-register for the call to receive a unique PIN for immediate access. The live call and replay can be accessed through the company's website as well. Great Lakes is the largest provider of dredging services in the U.S. and is expanding into the offshore energy sector, employing skilled engineers and maintaining a strong safety culture. The company has a long history of successful project completion and operates a diverse fleet of around 200 vessels.
Potential Positives
- Great Lakes Dredge & Dock Corporation is set to release its financial results for Q1 2025, which could provide valuable insights into the company's performance and growth.
- The company is the largest provider of dredging services in the U.S. and is actively expanding into the offshore energy industry, indicating growth potential.
- Great Lakes boasts an impressive 135-year history of successfully completing marine projects, highlighting its reliability and experience in the industry.
- The Company has a strong commitment to employee safety, reflected in its Incident-and Injury-Free® (IIF®) safety management program, which is integral to its corporate culture.
Potential Negatives
- Announcement of upcoming financial results may signal investors that current performance is under scrutiny, raising concerns about transparency or potential issues prior to the release.
- Lack of specifics on recent performance metrics in the release could lead to speculation about negative trends or challenges the company may be facing.
FAQ
When will Great Lakes Dredge & Dock release financial results?
Great Lakes Dredge & Dock will release its financial results on May 6, 2025, at 7:00 a.m. C.D.T.
How can I join the conference call?
Investors and analysts can pre-register for the conference call using the provided registration link.
Where can I find the press release?
The press release will be available on the Company’s website, www.gldd.com, under the Investor Relations page.
What is Great Lakes' primary business focus?
Great Lakes primarily provides dredging services and is expanding into the offshore energy industry.
What safety program does Great Lakes implement?
The Company employs the Incident-and Injury-Free® (IIF®) safety management program to prioritize employee safety.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GLDD Insider Trading Activity
$GLDD insiders have traded $GLDD stock on the open market 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $GLDD stock by insiders over the last 6 months:
- KATHLEEN M SHANAHAN sold 23,238 shares for an estimated $293,542
- LAWRENCE R DICKERSON has made 0 purchases and 2 sales selling 21,259 shares for an estimated $258,917.
- RONALD STEGER sold 12,000 shares for an estimated $153,120
- CHRISTOPHER GUNSTEN (SVP-Proj Svcs & Fleet Engineer) purchased 3,875 shares for an estimated $30,031
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GLDD Hedge Fund Activity
We have seen 89 institutional investors add shares of $GLDD stock to their portfolio, and 88 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CASTLEKEEP INVESTMENT ADVISORS LLC added 5,080,356 shares (+1024.1%) to their portfolio in Q4 2024, for an estimated $57,357,219
- ALLIANCEBERNSTEIN L.P. removed 1,022,832 shares (-26.3%) from their portfolio in Q4 2024, for an estimated $11,547,773
- JPMORGAN CHASE & CO added 592,276 shares (+259.6%) to their portfolio in Q4 2024, for an estimated $6,686,796
- MILLENNIUM MANAGEMENT LLC added 501,032 shares (+254.3%) to their portfolio in Q4 2024, for an estimated $5,656,651
- AMERICAN CENTURY COMPANIES INC added 467,164 shares (+40.7%) to their portfolio in Q4 2024, for an estimated $5,274,281
- CENTERBOOK PARTNERS LP removed 326,192 shares (-43.9%) from their portfolio in Q4 2024, for an estimated $3,682,707
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 277,848 shares (+681.8%) to their portfolio in Q4 2024, for an estimated $3,136,903
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended March 31, 2025, on Tuesday, May 6, 2025, at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.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 immediate access to the call. Pre-registration may be completed at any time up to the call start time.
To pre-register, go to https://register-conf.media-server.com/register/BI0a4a525f53334397beb24e7cfaae5758
The live call and replay can also be heard https://edge.media-server.com/mmc/p/c7ruzbn3 or on the Company’s website, www.gldd.com, under Events on the Investor Relations page. A copy of the press release will be available on the Company’s website.
The Company
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States, which is complemented with a long history of performing significant international projects. In addition, Great Lakes is fully engaged in expanding its core business into the offshore energy industry. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 135-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.
For further information contact:
Eric Birge
Vice President, Investor Relations
313-220-3053
