Great Lakes Dredge & Dock Files 2023 10-K
Ticker: GLDD · Form: 10-K · Filed: 2024-02-16T00:00:00.000Z
Sentiment: neutral
Topics: earnings, 10-K, heavy-construction
TL;DR
**GLDD just dropped its 2023 10-K, giving us the full financial picture for the year!**
AI Summary
Great Lakes Dredge & Dock CORP (GLDD) filed its 10-K on February 16, 2024, for the fiscal year ending December 31, 2023. The company, a heavy construction contractor, reported its business address as 9811 Katy Freeway, Suite 1200, Houston, TX 77024. The filing includes details on financial instruments, such as foreign currency exchange hedge contracts, and fair value inputs as of December 31, 2022.
Why It Matters
This filing provides a comprehensive overview of Great Lakes Dredge & Dock's financial performance and operational status, crucial for investors and stakeholders to assess its stability and future prospects in the heavy construction sector.
Risk Assessment
Risk Level: medium — The company operates in heavy construction, which can be subject to project delays, cost overruns, and economic fluctuations, posing inherent risks.
Key Players & Entities
- Great Lakes Dredge & Dock CORP (company) — Filing entity
- 0001372020 (company) — Central Index Key (CIK)
- December 31, 2023 (date) — Conformed period of report
- February 16, 2024 (date) — Filed as of date
- 9811 Katy Freeway, Suite 1200, Houston, TX 77024 (company) — Business address
FAQ
What is the Central Index Key (CIK) for Great Lakes Dredge & Dock CORP?
The Central Index Key (CIK) for Great Lakes Dredge & Dock CORP is 0001372020.
When was the 10-K filing submitted to the SEC?
The 10-K filing was submitted to the SEC on February 16, 2024.
What is the fiscal year end for Great Lakes Dredge & Dock CORP?
The fiscal year end for Great Lakes Dredge & Dock CORP is December 31.
What is the primary business classification of Great Lakes Dredge & Dock CORP?
Great Lakes Dredge & Dock CORP's primary business classification is 'HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS' (SIC 1600).
Where is Great Lakes Dredge & Dock CORP's business located?
Great Lakes Dredge & Dock CORP's business is located at 9811 Katy Freeway, Suite 1200, Houston, TX 77024.
From the Filing
0000950170-24-016412.txt : 20240216 0000950170-24-016412.hdr.sgml : 20240216 20240216162726 ACCESSION NUMBER: 0000950170-24-016412 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 94 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240216 DATE AS OF CHANGE: 20240216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Great Lakes Dredge & Dock CORP CENTRAL INDEX KEY: 0001372020 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 205336063 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33225 FILM NUMBER: 24648810 BUSINESS ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: (346) 359-1010 MAIL ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: Great Lakes Dredge & Dock Holdings Corp. DATE OF NAME CHANGE: 20060808 10-K 1 gldd-20231231.htm 10-K 10-K FY 0001372020 --12-31 false http://fasb.org/us-gaap/2023#ServiceMember http://fasb.org/us-gaap/2023#ServiceMember http://fasb.org/us-gaap/2023#ServiceMember http://fasb.org/us-gaap/2023#ServiceMember http://fasb.org/us-gaap/2023#ServiceMember http://fasb.org/us-gaap/2023#ServiceMember http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#Liabilities http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent P1Y 0001372020 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001372020 us-gaap:FairValueInputsLevel2Member 2022-12-31 0001372020 srt:MaximumMember 2023-12-31 0001372020 gldd:ForeignCurrencyExchangeHedgeContractsMember 2023-01-01 2023-12-31 0001372020 us-gaap:OperatingSegmentsMember gldd:TypeOfWorkMember 2021-01-01 2021-12-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2021-01-01 2021-12-31 0001372020 us-gaap:FairValueInputsLevel2Member 2023-12-31 0001372020 gldd:FuelHedgeContractsMember srt:MinimumMember 2023-12-31 0001372020 2024-02-13 0001372020 srt:MaximumMember gldd:DredgingMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember us-gaap:MiddleEastMember 2021-01-01 2021-12-31 0001372020 gldd:EmployeesAndDirectorsMember gldd:TwoThousandSeventeenLongTermIncentivePlanMember 2017-05-11 0001372020 2023-12-31 0001372020 2022-01-01 2022-12-31 0001372020 gldd:GreenLoanAdvanceRatesMember 2022-07-28 2022-07-29 0001372020 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember gldd:CapitalDredgingUSMember 2021-01-01 2021-12-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember gldd:CapitalDredgingUSMember 2023-01-01 2023-12-31 0001372020 gldd:NonEmployeeDirectorsMember 2023-01-01 2023-12-31 0001372020 gldd:RiversLakesMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2022-01-01 2022-12-31 0001372020 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-01-01 2023-12-31 0001372020 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001372020 gldd:AntiDilutiveDueToPeriodLossMember 2022-01-01 2022-12-31 0001372020 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2023-12-31 0001372020 gldd:StateAndLocalGovernmentMember us-gaap:OperatingSegmentsMember gldd:TypeOfCustomerMember gldd:DredgingMember 2021-01-01 2021-12-31 0001372020 gldd:RiversLakesMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2023-01-01 2023-12-31 0001372020 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001372020 gldd:TwoThousandTwentyNineNotesMember 2023