![]() ![]() And while continued significant weather delays on several projects in the Northeast and the unfavorable shift in mix from the higher-margin capital projects to more lower-margin maintenance jobs had GLDD go from earning 17 cents in the prior-year quarter to losing 6 cents, this too was much better than the loss of 17 cents analysts had been projecting thanks to the swift and proactive actions the company has taken in the last six months on reducing costs and adjusting its fleet. Specifically, contract revenues of $158.0 million for Q1 were down 18.7% from the prior year, but exceeded the consensus estimate by $10.3 million as higher maintenance and rivers/lakes project activity helped stem the decline in domestic capital and coastal protection project work. Download this stock image: The Great Lakes Dredge and Dock Company is deepening the Kill van Kull Channel in New York harbor. On what proved to be an ugly day for equities overall, shares of Great Lakes Dredge & Dock (GLDD) held up fairly well today after the company reported a better-than-anticipated start to 2023 this morning. ![]() See how Great Lakes Dredge & Dock compares to its main competitors: Employees at Jacobs Engineering Group earn more than most of the competitors, with an average yearly salary of 83,403. A smaller-than-feared loss in Q1 and a promising pickup in bidding activity for more lucrative projects have Great Lakes Dredge & Dock (GLDD) poised to return to profitability later this year. Your learning platform uses cookies to optimize performance, preferences, usage. Great Lakes Dredge & Dock main competitors are Jacobs Engineering Group, Roper Technologies, and Kiewit. ![]()
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