Great Lakes Dredge & Dock Files Q1 2025 10-Q
Ticker: GLDD · Form: 10-Q · Filed: 2025-05-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, construction
TL;DR
**GLDD Q1 2025 10-Q FILED. CHECK FINANCIALS.**
AI Summary
Great Lakes Dredge & Dock Corp. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial data and disclosures relevant to investors are presented in this report.
Why It Matters
This filing provides investors with the latest financial performance and operational details for Great Lakes Dredge & Dock Corp., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial health or operational risks.
Key Numbers
- Q1 2025 — Reporting Period (First quarter financial performance is detailed.)
- 2023-12-31 — Previous Year End (Retained earnings from the prior year are referenced.)
- 2025-03-31 — Current Period End (Retained earnings as of the end of the current reporting period.)
Key Players & Entities
- Great Lakes Dredge & Dock Corp. (company) — Filer of the 10-Q
- 20250331 (date) — End of the reporting period
- 20250506 (date) — Filing date
- 0000950170-25-064406 (accession_number) — Unique identifier for the filing
- 9811 KATY FREEWAY SUITE 1200 HOUSTON TX 77024 (address) — Company's business and mailing address
FAQ
What is the total revenue for Great Lakes Dredge & Dock Corp. in Q1 2025?
The provided text does not contain specific revenue figures for Q1 2025.
What was the net income or loss for the quarter ending March 31, 2025?
The filing mentions 'gldd:AntiDilutiveDueToPeriodLossMember' for the period January 1, 2024 to March 31, 2024, but specific net income/loss for Q1 2025 is not detailed in this excerpt.
Are there any significant debt agreements mentioned in the filing?
Yes, the filing references 'gldd:SecondLienCreditAgreementMember' dated April 24, 2024.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the company's SIC code?
The company's Standard Industrial Classification (SIC) code is 1600, categorized under HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS.
From the Filing
0000950170-25-064406.txt : 20250506 0000950170-25-064406.hdr.sgml : 20250506 20250506160022 ACCESSION NUMBER: 0000950170-25-064406 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 60 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250506 DATE AS OF CHANGE: 20250506 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 EIN: 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: 25917055 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-20250331.htm 10-Q 10-Q false Q1 0001372020 --12-31 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 http://fasb.org/srt/2024#ChiefExecutiveOfficerMember 0001372020 gldd:GreenLoanOptionMember 2022-07-29 0001372020 us-gaap:BuildingAndBuildingImprovementsMember 2024-12-31 0001372020 gldd:AntiDilutiveDueToPeriodLossMember 2024-01-01 2024-03-31 0001372020 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember 2025-03-31 0001372020 gldd:SecondLienCreditAgreementMember 2024-04-24 0001372020 us-gaap:RetainedEarningsMember 2023-12-31 0001372020 us-gaap:RetainedEarningsMember 2025-03-31 0001372020 us-gaap:RetainedEarningsMember 2024-03-31 0001372020 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-01-01 2025-03-31 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember 2024-04-24 2024-04-24 0001372020 us-gaap:CommonStockMember 2025-03-31 0001372020 2025-03-31 0001372020 gldd:FuelHedgeContractsMember 2024-01-01 2024-03-31 0001372020 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001372020 us-gaap:MeasurementInputEbitdaMultipleMember 2025-01-01 2025-03-31 0001372020 us-gaap:OtherNoncurrentAssetsMember 2025-03-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:FederalGovernmentMember gldd:TypeOfCustomerMember 2025-01-01 2025-03-31 0001372020 2025-05-02 0001372020 us-gaap:BuildingAndBuildingImprovementsMember 2025-03-31 0001372020 us-gaap:OperatingSegmentsMember gldd:TypeOfWorkMember 2024-01-01 2024-03-31 0001372020 us-gaap:TreasuryStockCommonMember 2025-03-31 0001372020 gldd:FuelHedgeContractsMember 2024-12-31 0001372020 gldd:GreenLoanOptionMember gldd:GreenLoanAdvanceRatesMember 2024-04-24 2024-04-24 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember gldd:MarginAdvancesFacilityTwoMember 2024-07-01 2024-09-30 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember srt:MaximumMember 2024-04-24 0001372020 2024-01-01 2024-03-31 0001372020 gldd:TwoThousandSevenLongTermIncentivePlanMember gldd:EmployeesAndDirectorsMember 2017-05-10 2017-05-11 0001372020 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001372020 us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:FederalGovernmentMember gldd:TypeOfCustomerMember 2024-01-01 2024-03-31 0001372020 us-gaap:LandMember 2024-12-31 0001372020 gldd:BeachNourishmentDredgingMember us-gaap:OperatingSegmentsMember gldd:DredgingMember gldd:TypeOfWorkMember 2024-01-01 2024-03-31 0001372020 gldd:AssetBasedRevolvingCreditFacilityMember gldd:MarginAdvancesFacilityOneMember gldd:DomesticRateMember 2024-07-01 2024-09-30 0001372020 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001372020 srt:MinimumMember gldd:FuelHedgeContractsMember 2025-03-