The earnings call reflected a strong financial performance with increased revenue, a robust backlog, and strategic investments in new vessels and share repurchases. Despite challenges such as heavy dry docking and potential delays in the U.S. offshore wind market, the company's outlook remains positive with expectations of a record year in 2025.

Company Guidance

During the Q2 2025 earnings call for Great Lakes Dredge & Dock Corp., guidance was provided for both the current fiscal year and beyond. The company reported revenues of $193.8 million and an adjusted EBITDA of $28 million, demonstrating strong performance in projects such as port deepenings and coastal restoration. The dredging backlog remained robust at $1 billion, with an additional $215.4 million in awards and options pending. The company expects full-year 2025 results to be the highest in its history for both revenue and net income, despite a significant number of vessels undergoing dry docking. Looking ahead to 2026, Great Lakes Dredge & Dock forecasts strong revenue visibility, driven by its current backlog and strategic new build program, which includes the imminent delivery of the Amelia Island hopper dredge and the Acadia subsea rock installation vessel. The company has also initiated a $50 million share repurchase program, reflecting confidence in its long-term outlook. Additionally, the expansion of the credit facility by $30 million to $330 million aims to enhance liquidity, supporting strategic growth and operational flexibility.

Strong Financial Performance

Second quarter 2025 revenues reached $193.8 million, an increase of $23.7 million from the prior year. Adjusted EBITDA was $28 million with a margin of 14.4%.

Solid Backlog

The dredging backlog remained strong at $1 billion, with 93% from capital and coastal protection projects and an additional $215.4 million in awards and options pending.

Share Repurchase Program

A $50 million share repurchase program was initiated in March, with $11.6 million spent to repurchase 1.3 million shares by June 30.

New Hopper Dredge Delivery

The new hopper dredge, Amelia Island, is expected to be delivered soon and will begin work on backlog projects immediately.

Credit Facility Upsize

Revolving credit facility was upsized by $30 million to $330 million to enhance liquidity, ending the quarter with liquidity of $272 million.

Projected Record Year

Despite a heavy dry dock year, 2025 is expected to be a record year for both revenue and net income.

Subsea Rock Installation Vessel

The Acadia, a Jones Act-compliant subsea rock installation vessel, hit a key milestone and is expected to be delivered in Q1 2026.

Great Lakes Dredge & Dock (GLDD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GLDD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.17 / -	0.13	―	―	―
Aug 05, 2025	2025 (Q2)	0.09 / 0.14	0.11	27.27% (+0.03)	―
May 06, 2025	2025 (Q1)	0.26 / 0.49	0.31	58.06% (+0.18)	―
Feb 18, 2025	2024 (Q4)	0.23 / 0.29	0.32	-9.38% (-0.03)	―
Nov 05, 2024	2024 (Q3)	0.18 / 0.13	-0.09	244.44% (+0.22)	―
Aug 06, 2024	2024 (Q2)	0.02 / 0.11	0.03	266.67% (+0.08)	―
May 07, 2024	2024 (Q1)	0.07 / 0.31	-0.05	720.00% (+0.36)	―
Feb 14, 2024	2023 (Q4)	0.10 / 0.32	-0.47	168.09% (+0.79)	―
Nov 07, 2023	2023 (Q3)	-0.12 / -0.09	-0.15	40.00% (+0.06)	―
Aug 01, 2023	2023 (Q2)	-0.10 / 0.03	-0.06	150.00% (+0.09)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GLDD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$10.63	$11.45	+7.71%
May 06, 2025	$9.54	$10.00	+4.82%
Feb 18, 2025	$11.00	$8.98	-18.36%
Nov 05, 2024	$11.61	$11.61	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Great Lakes Dredge & Dock Corp. (GLDD) report earnings?

Great Lakes Dredge & Dock Corp. (GLDD) is schdueled to report earning on Nov 11, 2025, Before Open (Confirmed).

What is Great Lakes Dredge & Dock Corp. (GLDD) earnings time?

Great Lakes Dredge & Dock Corp. (GLDD) earnings time is at Nov 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GLDD EPS forecast?

GLDD EPS forecast for the fiscal quarter 2025 (Q3) is 0.17.

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