great lakes dredge & dock (gldd) is the largest provider of dredging services in the united states and the only u.s. company with significant international dredging operations. gldd employs more than 1,000 dedicated engineering, operations, and support personnel. gldd has a rich 127-year history of developing and executing successful dredging and marine construction projects, operating the largest and most diverse dredging fleet in the u.s. comprised of over 200 specialized vessels. gldd has expanded its reach in the environmental remediation and infrastructure sector through its new segment great lakes environmental & infrastructure, becoming a preeminent infrastructure solutions provider on water and land.
Company profile
Ticker
GLDD
Exchange
Website
CEO
Lasse Petterson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Great Lakes Dredge & Dock Holdings Corp.
SEC CIK
Corporate docs
Subsidiaries
Great Lakes Dredge & Dock Company, LLC • Great Lakes U.S. Fleet Management, LLC • Great Lakes Environmental & Infrastructure Solutions, LLC • Great Lakes Dredge & Dock do Brasil Ltda. • Great Lakes Dredge & Dock (Bahamas) Ltd. • Great Lakes Dredge & Dock (UK) Limited • NASDI Holdings, LLC • Terra Contracting Services, LLC • Terra Fluid Management, LLC • Drews Services LLC ...
IRS number
205336063
GLDD stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
27 Mar 24
DEF 14A
Definitive proxy
27 Mar 24
PRE 14A
Preliminary proxy
14 Mar 24
ARS
2023 FY
Annual report to shareholders
28 Feb 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Great Lakes Reports Fourth Quarter and Full Year 2023 Results
14 Feb 24
8-K
Other Events
21 Nov 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Great Lakes Reports Third Quarter 2023 Results
7 Nov 23
8-K
Departure of Directors or Certain Officers
31 Oct 23
Transcripts
GLDD
Earnings call transcript
2023 Q4
14 Feb 24
GLDD
Earnings call transcript
2023 Q3
7 Nov 23
GLDD
Earnings call transcript
2023 Q2
1 Aug 23
GLDD
Earnings call transcript
2023 Q1
2 May 23
GLDD
Earnings call transcript
2022 Q4
15 Feb 23
GLDD
Earnings call transcript
2022 Q3
1 Nov 22
GLDD
Earnings call transcript
2022 Q2
3 Aug 22
GLDD
Earnings call transcript
2022 Q1
3 May 22
GLDD
Earnings call transcript
2021 Q4
16 Feb 22
GLDD
Earnings call transcript
2021 Q3
2 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 14.09 mm | 14.09 mm | 14.09 mm | 14.09 mm | 14.09 mm | 14.09 mm |
Cash burn (monthly) | 9.32 mm | 2.06 mm | 2.65 mm | 3.99 mm | (no burn) | (no burn) |
Cash used (since last report) | 55.78 mm | 12.33 mm | 15.88 mm | 23.89 mm | n/a | n/a |
Cash remaining | -41.69 mm | 1.76 mm | -1.79 mm | -9.80 mm | n/a | n/a |
Runway (months of cash) | -4.5 | 0.9 | -0.7 | -2.5 | n/a | n/a |
Institutional ownership, Q3 2023
85.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 145 |
Opened positions | 21 |
Closed positions | 10 |
Increased positions | 53 |
Reduced positions | 43 |
13F shares | Current |
---|---|
Total value | 433.69 bn |
Total shares | 57.08 mm |
Total puts | 768.80 k |
Total calls | 11.80 k |
Total put/call ratio | 65.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.77 mm | $53.95 bn |
Alliancebernstein | 4.83 mm | $38.53 bn |
Dimensional Fund Advisors | 4.16 mm | $33.19 bn |
Jennison Associates | 3.93 mm | $31.34 bn |
Harvey Partners | 3.43 mm | $27.34 bn |
Vanguard | 3.28 mm | $26.17 bn |
Franklin Mutual Advisers | 2.51 mm | $0.00 |
William Blair Investment Management | 2.50 mm | $19.90 bn |
TCW | 1.96 mm | $15.60 bn |
STT State Street | 1.43 mm | $11.37 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | David Johanson | Common Stock | Grant | Acquire A | No | No | 0 | 12,668 | 0.00 | 79,233.259 |
15 Mar 24 | David Johanson | Common Stock | Payment of exercise | Dispose F | No | No | 8.62 | 1,967 | 16.96 k | 66,565.259 |
15 Mar 24 | David Johanson | Common Stock | Payment of exercise | Dispose F | No | No | 8.62 | 2,046 | 17.64 k | 68,532.259 |
15 Mar 24 | David Johanson | Common Stock | Grant | Acquire A | No | No | 0 | 6,898 | 0.00 | 70,578.259 |
15 Mar 24 | Vivienne Schiffer | Common Stock | Grant | Acquire A | No | No | 0 | 15,684 | 0.00 | 51,615 |
15 Mar 24 | Vivienne Schiffer | Common Stock | Payment of exercise | Dispose F | No | No | 8.62 | 3,012 | 25.96 k | 35,931 |
15 Mar 24 | Vivienne Schiffer | Common Stock | Payment of exercise | Dispose F | No | No | 8.62 | 3,051 | 26.30 k | 38,943 |
15 Mar 24 | Vivienne Schiffer | Common Stock | Grant | Acquire A | No | No | 0 | 7,752 | 0.00 | 41,994 |
15 Mar 24 | Lasse Petterson | Common Stock | Grant | Acquire A | No | No | 0 | 118,388 | 0.00 | 1,261,859.29 |
15 Mar 24 | Lasse Petterson | Common Stock | Payment of exercise | Dispose F | No | No | 8.62 | 26,651 | 229.73 k | 1,143,471.29 |
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Great Lakes Dredge & Dock Q4 2023 GAAP EPS $0.32 Beats $0.10 Estimate, Sales $181.70M Miss $183.47M Estimate
14 Feb 24
Great Lakes Dredge & Dock Q4 Sales $181.70M Miss $183.47M Estimate
14 Feb 24
Earnings Scheduled For February 14, 2024
14 Feb 24