Great Lakes Dredge & Dock Files Q2 2024 10-Q

TL;DR

GLDD Q2 10-Q filed. Financials and ops details out.

AI Summary

Great Lakes Dredge & Dock Corp. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance and operational details. Key financial figures and segment information were disclosed, providing insight into the company's activities during the second quarter of 2024.

Why It Matters

This filing provides investors and analysts with the latest financial health and operational performance of Great Lakes Dredge & Dock, crucial for understanding its current market position and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial performance and operational risks are not detailed enough in this summary to warrant a high risk level.

Key Numbers

• 20240630 — Period End Date (Indicates the end of the reporting quarter.)
• 2023-06-30 — Prior Year Period End Date (For comparative analysis with the current reporting period.)
• 2023-01-01 — Prior Year Period Start Date (For comparative analysis with the current reporting period.)

Key Players & Entities

• Great Lakes Dredge & Dock CORP (company) — Filer
• 20240630 (date) — Period of Report
• 20240806 (date) — Filed as of Date
• 0001372020 (company) — Central Index Key
• DE (location) — State of Incorporation
• 1231 (date) — Fiscal Year End
• 001-33225 (company) — SEC File Number
• 20240101 (date) — Start of current reporting period
• 20240630 (date) — End of current reporting period

FAQ

From the Filing

0000950170-24-091731.txt : 20240806 0000950170-24-091731.hdr.sgml : 20240806 20240806160124 ACCESSION NUMBER: 0000950170-24-091731 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 54 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 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: 241178970 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-20240630.htm 10-Q 10-Q Q2 2024 --12-31 false 0001372020 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#ServiceMember http://fasb.org/us-gaap/2023#ServiceMember 2025 2026 one year 0001372020 us-gaap:RetainedEarningsMember 2023-01-01 2023-06-30 0001372020 gldd:PrivateMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfCustomerMember 2024-01-01 2024-06-30 0001372020 gldd:TwoThousandTwentyNineNotesMember 2021-05-01 2021-05-31 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember 2023-12-31 0001372020 us-gaap:FairValueInputsLevel2Member 2023-06-30 0001372020 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-06-30 0001372020 gldd:FuelHedgeContractsMember 2024-04-01 2024-06-30 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember srt:MinimumMember gldd:MarginAdvancesFacilityTwoMember us-gaap:SubsequentEventMember 2024-07-01 2024-09-30 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2024-04-24 2024-04-24 0001372020 gldd:SecondLienCreditAgreementMember 2024-04-24 2024-04-24 0001372020 gldd:ForeignCurrencyExchangeHedgeContractsMember 2024-06-30 0001372020 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001372020 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2023-04-01 2023-06-30 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfCustomerMember 2024-04-01 2024-06-30 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:FederalGovernmentMember gldd:TypeOfCustomerMember 2024-04-01 2024-06-30 0001372020 srt:MaximumMember 2024-01-01 2024-06-30 0001372020 us-gaap:FairValueInputsLevel2Member 2023-12-31 0001372020 2024-08-02 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember 2024-06-30 0001372020 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001372020 srt:MinimumMember gldd:SecondLienCreditAgreementMember 2024-04-24 0001372020 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember gldd:FuelHedgeContractsMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-06-30 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2023-01-01 2023-06-30 0001372020 gldd:OtherCurrentAndNoncurrentAssetsMember 2024-06-30 0001372020 gldd:LassePettersonMember 2024-06-30 0001372020 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0001372020 2023-06-30 0001372020 srt:MinimumMember gldd:FuelHedgeContractsMember 2024-06-30 0001372020 us-gaap:FairValueInputsLevel2Member gldd:ForeignCurrencyExchangeHedgeContractsMember 2023-06-30 0001372020 2024-04-01 2024-0