Great Lakes Dredge & Dock Files 2024 10-K
Ticker: GLDD · Form: 10-K · Filed: 2025-02-21T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, dredging
TL;DR
GLDD filed its 2024 10-K. All systems go.
AI Summary
Great Lakes Dredge & Dock Corp. filed its 2024 10-K on February 21, 2025, reporting on its fiscal year ending December 31, 2024. The company, incorporated in Delaware, operates in heavy construction, primarily dredging. Its principal executive offices are located in Houston, Texas. The filing details its financial performance and business operations for the past fiscal year.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Great Lakes Dredge & Dock Corp.'s financial health, operational performance, and strategic outlook for the fiscal year 2024.
Risk Assessment
Risk Level: low — The filing is a standard annual report and does not contain immediate red flags or significant new risks.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 1231 — Fiscal Year End (Indicates the end date of the reporting period)
- 20250221 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- Great Lakes Dredge & Dock CORP (company) — Filer
- 20241231 (date) — Fiscal Year End
- 20250221 (date) — Filing Date
- Houston, TX (location) — Business Address
- DE (location) — State of Incorporation
FAQ
What were the primary business segments of Great Lakes Dredge & Dock Corp. in 2024?
The filing indicates 'Dredging' as a primary operating segment, with specific mentions of 'MaintenanceDredging' and 'TypeOfWork'.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code for Great Lakes Dredge & Dock Corp. is 1600, categorized under HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS.
Where is Great Lakes Dredge & Dock Corp. headquartered?
The company's business and mailing addresses are listed as 9811 KATY FREEWAY, SUITE 1200, HOUSTON, TX 77024.
When was the company's name last changed?
The former company name was Great Lakes Dredge & Dock Holdings Corp., with a date of name change on 20060808.
What is the SEC file number for this filing?
The SEC file number for this 10-K filing is 001-33225.
From the Filing
0000950170-25-024407.txt : 20250221 0000950170-25-024407.hdr.sgml : 20250221 20250220181436 ACCESSION NUMBER: 0000950170-25-024407 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250220 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: 25647754 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-20241231.htm 10-K 10-K FY false 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#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#Liabilities http://fasb.org/us-gaap/2024#Liabilities http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent P1Y http://fasb.org/srt/2024#ChiefExecutiveOfficerMember 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember gldd:MaintenanceDredgingMember 2022-01-01 2022-12-31 0001372020 us-gaap:EquipmentMember 2023-12-31 0001372020 gldd:ForeignMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfCustomerMember 2022-01-01 2022-12-31 0001372020 gldd:TwoThousandTwentyNineNotesMember 2021-05-01 2021-05-31 0001372020 us-gaap:OperatingSegmentsMember gldd:TypeOfCustomerMember 2022-01-01 2022-12-31 0001372020 gldd:FuelHedgeContractsMember 2024-12-31 0001372020 gldd:PrivateMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfCustomerMember 2022-01-01 2022-12-31 0001372020 us-gaap:MiddleEastMember gldd:DredgingMember us-gaap:AccountsReceivableMember us-gaap:GeographicConcentrationRiskMember 2022-01-01 2022-12-31 0001372020 gldd:PrivateMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfCustomerMember 2023-01-01 2023-12-31 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember srt:MinimumMember gldd:MarginAdvancesFacilityTwoMember 2024-07-01 2024-09-30 0001372020 us-gaap:OperatingSegmentsMember gldd:TypeOfCustomerMember 2024-01-01 2024-12-31 0001372020 us-gaap:FairValueInputsLevel1Member 2024-12-31 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember gldd:MarginAdvancesFacilityTwoMember gldd:DomesticRateMember 2024-07-01 2024-09-30 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember gldd:MarginAdvancesFacilityThreeMember gldd:DomesticRateMember 2024-07-01 2024-09-30 0001372020 gldd:LassePettersonMember 2025-05-25 0001372020 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-12-31 0001372020 gldd:GreenLoanOptionMember gldd:GreenLoanAdvanceRatesMember 2024-04-24 2024-04-24 0001372020 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember gldd:ForeignCurrencyExchangeHedgeContractsMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-12-31 0001372020 us-gaap:StateAndLocalJurisdictionMember 2023-12-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2024-01-01 2024-12-31 0001372020 us-gaap:RetainedEarningsMember 2023-01-01