Great Lakes Dredge & Dock Files Q1 2024 Report
Ticker: GLDD · Form: 10-Q · Filed: 2024-05-07T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, SEC Filing, Financial Report
TL;DR
GLDD filed its Q1 2024 10-Q. All systems go.
AI Summary
Great Lakes Dredge & Dock Corp. reported its first quarter results for the period ending March 31, 2024. The company's filing indicates ongoing operations and financial reporting activities, with no specific major financial figures or significant events highlighted in the provided text snippet. The company is based in Houston, Texas, and operates in the heavy construction sector.
Why It Matters
This filing provides insight into the financial health and operational status of a key player in the heavy construction and dredging industry, impacting infrastructure projects.
Risk Assessment
Risk Level: low — The provided text is a standard SEC filing header and does not contain information that suggests immediate or significant risk.
Key Players & Entities
- Great Lakes Dredge & Dock CORP (company) — Filer
- 20240331 (date) — Reporting period end date
- 20240507 (date) — Filing date
- Houston, TX (location) — Business and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20240331, indicating the first quarter of 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20240507.
What is the primary business of Great Lakes Dredge & Dock Corp?
Great Lakes Dredge & Dock Corp. operates in Heavy Construction Other Than Building Const - Contractors, with SIC code 1600.
Where is Great Lakes Dredge & Dock Corp. headquartered?
The company's business and mailing address is in Houston, TX.
What was the former name of Great Lakes Dredge & Dock Corp?
The former company name was Great Lakes Dredge & Dock Holdings Corp., with a name change date of 20060808.
From the Filing
0000950170-24-054684.txt : 20240507 0000950170-24-054684.hdr.sgml : 20240507 20240507165526 ACCESSION NUMBER: 0000950170-24-054684 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 55 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33225 FILM NUMBER: 24922915 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-Q 1 gldd-20240331.htm 10-Q 10-Q 0001372020 false 2024 --12-31 Q1 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 2025 2026 one year 0001372020 us-gaap:OperatingSegmentsMember gldd:TypeOfCustomerMember gldd:DredgingMember gldd:PrivateMember 2024-01-01 2024-03-31 0001372020 gldd:ForeignCurrencyExchangeHedgeContractsMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001372020 gldd:ForeignCurrencyExchangeHedgeContractsMember us-gaap:FairValueInputsLevel2Member 2024-03-31 0001372020 2021-05-31 0001372020 gldd:EmployeesAndDirectorsMember gldd:TwoThousandSeventeenLongTermIncentivePlanMember 2017-05-11 0001372020 srt:MaximumMember gldd:ForeignCurrencyExchangeHedgeContractsMember 2024-03-31 0001372020 gldd:FuelHedgeContractsMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001372020 gldd:BeachNourishmentDredgingMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2024-01-01 2024-03-31 0001372020 gldd:AntiDilutiveDueToTreasuryStockMethodMember 2024-01-01 2024-03-31 0001372020 us-gaap:OperatingSegmentsMember gldd:TypeOfCustomerMember gldd:DredgingMember gldd:FederalGovernmentMember 2024-01-01 2024-03-31 0001372020 gldd:EightPercentSeniorNotesDueInTwoThousandTwentyTwoMember 2021-05-31 0001372020 gldd:OtherCurrentAndNoncurrentAssetsMember 2023-12-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember gldd:CapitalDredgingUSMember 2024-01-01 2024-03-31 0001372020 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001372020 us-gaap:CommonStockMember 2023-12-31 0001372020 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001372020 2022-12-31 0001372020 gldd:TwoThousandTwentyNineNotesMember 2021-05-01 2021-05-31 0001372020 gldd:ForeignCurrencyExchangeHedgeContractsMember 2023-12-31 0001372020 gldd:TwoThousandSevenLongTermIncentivePlanMember gldd:EmployeesAndDirectorsMember 2017-05-10 2017-05-11 0001372020 srt:MinimumMember 2024-03-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember gldd:CapitalDredgingUSMember 2023-01-01 2023-03-31 0001372020 gldd:ForeignCurrencyExchangeHedgeContractsMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001372020 us-gaap:RetainedEarningsMember 2024-03-31 0001372020 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001372020 2023-03-31 0001372020 gldd:BillingsInExcessOfCostsAndEarningsMember 2023-12-31 0001372020 gldd:SecondLienCreditAgreementMem