Great Lakes Dredge & Dock CORPGLDDEarnings & Financial Report
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.
Revenue
$193.8M
Gross Profit
$36.6M
Operating Profit
$17.1M
Net Profit
$9.7M
Gross Margin
18.9%
Operating Margin
8.8%
Net Margin
5.0%
YoY Growth
13.9%
EPS
$0.14
Great Lakes Dredge & Dock CORP Q2 FY2025 Financial Summary
Great Lakes Dredge & Dock CORP reported revenue of $193.8M (up 13.9% YoY) for Q2 FY2025, with a net profit of $9.7M (up 26.4% YoY) (5.0% margin). Cost of goods sold was $157.2M, operating expenses totaled $19.5M.
Key Financial Metrics
| Total Revenue | $193.8M |
|---|---|
| Net Profit | $9.7M |
| Gross Margin | 18.9% |
| Operating Margin | 8.8% |
| Report Period | Q2 FY2025 |
Great Lakes Dredge & Dock CORP Annual Revenue by Year
Great Lakes Dredge & Dock CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $888.3M).
| Year | Annual Revenue |
|---|---|
| 2025 | $888.3M |
| 2024 | $762.7M |
| 2023 | $589.6M |
| 2022 | $648.8M |
Great Lakes Dredge & Dock CORP Quarterly Revenue & Net Profit History
Great Lakes Dredge & Dock CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $256.5M | +26.5% | $12.6M | 4.9% |
| Q3 FY2025 | $195.2M | +2.1% | $17.7M | 9.1% |
| Q2 FY2025 | $193.8M | +13.9% | $9.7M | 5.0% |
| Q1 FY2025 | $242.9M | +22.3% | $33.4M | 13.8% |
| Q4 FY2024 | $202.8M | +11.6% | $19.7M | 9.7% |
| Q3 FY2024 | $191.2M | +63.1% | $8.9M | 4.6% |
| Q2 FY2024 | $170.1M | +28.2% | $7.7M | 4.5% |
| Q1 FY2024 | $198.7M | +25.7% | $21.0M | 10.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $198.7M | $170.1M | $191.2M | $202.8M | $242.9M | $193.8M | $195.2M | $256.5M |
| YoY Growth | 25.7% | 28.2% | 63.1% | 11.6% | 22.3% | 13.9% | 2.1% | 26.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.10B | $1.13B | $1.15B | $1.26B | $1.23B | $1.24B | $1.27B | $1.29B |
| Liabilities | $686.0M | $709.6M | $719.9M | $806.2M | $753.5M | $759.8M | $765.6M | $768.6M |
| Equity | $409.0M | $418.0M | $425.4M | $448.9M | $479.9M | $481.9M | $502.1M | $517.1M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $38.4M | $18.4M | $26.8M | $-13.5M | $60.9M | $56.9M | $49.2M | $79.7M |