Great Lakes Dredge & Dock Files Q3 2024 10-Q
Ticker: GLDD · Form: 10-Q · Filed: 2024-11-05T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, dredging
TL;DR
GLDD Q3 10-Q filed. Financials and dredging ops detailed.
AI Summary
Great Lakes Dredge & Dock Corp. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial figures and segment performance, particularly in dredging operations, are presented.
Why It Matters
This filing provides investors with a detailed look at Great Lakes Dredge & Dock's financial health and operational performance during the third quarter, impacting investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings inherently carry medium risk due to the detailed financial information and potential for market-moving disclosures.
Key Numbers
- 20240930 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 20241105 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Great Lakes Dredge & Dock Corp. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-05 (date) — Filing date
- 9811 KATY FREEWAY, SUITE 1200, HOUSTON, TX 77024 (address) — Company's business and mailing address
- Lasse Petterson (person) — Member associated with the company
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 5, 2024.
What is the company's primary business classification?
The company is classified under HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600].
What is the company's state of incorporation?
The company is incorporated in Delaware (DE).
What is the company's fiscal year end?
The company's fiscal year ends on December 31 (1231).
From the Filing
0000950170-24-121429.txt : 20241105 0000950170-24-121429.hdr.sgml : 20241105 20241105160101 ACCESSION NUMBER: 0000950170-24-121429 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 56 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241105 DATE AS OF CHANGE: 20241105 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: 241427320 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-20240930.htm 10-Q 10-Q Q3 2024 false --12-31 0001372020 http://fasb.org/us-gaap/2024#ServiceMember http://fasb.org/us-gaap/2024#ServiceMember http://fasb.org/us-gaap/2024#ServiceMember http://fasb.org/us-gaap/2024#ServiceMember http://fasb.org/us-gaap/2024#ServiceMember http://fasb.org/us-gaap/2024#ServiceMember http://fasb.org/us-gaap/2024#ServiceMember http://fasb.org/us-gaap/2024#ServiceMember 2025 2026 0001372020 gldd:LassePettersonMember 2024-07-01 2024-09-30 0001372020 gldd:AntiDilutiveDueToTreasuryStockMethodMember 2023-01-01 2023-09-30 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2024-04-24 2024-04-24 0001372020 gldd:SecondLienCreditAgreementMember 2023-12-31 0001372020 gldd:BillingsInExcessOfCostsAndEarningsMember 2024-09-30 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2023-01-01 2023-09-30 0001372020 us-gaap:RetainedEarningsMember 2023-09-30 0001372020 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-07-01 2024-09-30 0001372020 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001372020 gldd:SecondLienCreditAgreementMember 2024-09-30 0001372020 gldd:EightPercentSeniorNotesDueInTwoThousandTwentyTwoMember 2021-05-01 2021-05-31 0001372020 gldd:DelayedDrawTermLoanFacilityMember 2024-04-24 2024-04-24 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember 2023-12-31 0001372020 srt:MaximumMember 2024-09-30 0001372020 2024-07-01 2024-09-30 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember gldd:DomesticRateMember 2024-04-24 2024-04-24 0001372020 us-gaap:AdditionalPaidInCapitalMember 2023-09-30 0001372020 gldd:ForeignCurrencyExchangeHedgeContractsMember 2024-09-30 0001372020 gldd:BillingsInExcessOfCostsAndEarningsMember 2023-12-31 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember 2024-04-24 0001372020 srt:MinimumMember gldd:FuelHedgeContractsMember 2024-09-30 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:StateAndLocalGovernmentMember gldd:TypeOfCustomerMember 2024-07-01 2024-09-30 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember gldd:MarginAdvancesFacilityThreeMember gldd:DomesticRateMember 2024-07-01 2024-09-30 0001372020 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:InterestRateSwapMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-07-01 2024-09-30 0001372020 us-gaap:FurnitureAndFixturesMember 2023-12-31 0001372020 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember 2024-09-30 0001372020 us-gaap:FairValueInputsLevel2Member 2024-09-30 0001372020 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember gldd:ForeignCurrencyExchangeHedgeContractsMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-07-01 2023-09-30 0001372020 gldd:TwoThousandTw