Great Lakes Dredge & Dock Corporation (GLDD)

Great Lakes Dredge & Dock Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	806.9	762.69	589.63	648.78	726.15	733.6
Revenue Growth (YoY)	28.03%	29.35%	-9.12%	-10.66%	-1.02%	3.10%
Cost of Revenue	622.37	602.12	511.89	617.61	580.88	562.37
Gross Profit	184.53	160.58	77.73	31.17	145.27	171.23
Selling, General & Admin	74.7	70.77	57.06	51.12	62.13	62.76
Other Operating Expenses	1.46	-0.1	0.06	-	-	-
Operating Expenses	76.15	70.67	57.11	51.12	62.13	62.76
Operating Income	108.37	89.91	20.62	-19.94	83.14	108.47
Interest Expense	-18.44	-17.88	-12.14	-14.11	-21.6	-26.59
Currency Exchange Gain (Loss)	0.23	0.28	-	-	-	-
Other Non Operating Income (Expenses)	-0.56	0.18	2.23	-1.57	0.99	1.11
EBT Excluding Unusual Items	89.6	72.49	10.71	-35.62	62.53	83
Gain (Loss) on Sale of Assets	2.9	2.9	0.1	-7.79	0.29	1.57
Other Unusual Items	-	-	7.5	-	-	1.72
Pretax Income	92.5	75.39	18.31	-43.42	62.82	86.29
Income Tax Expense	22.84	18.12	4.41	-9.36	13.39	20.19
Earnings From Continuing Operations	69.66	57.27	13.91	-34.06	49.43	66.1
Net Income	69.66	57.27	13.91	-34.06	49.43	66.1
Net Income to Common	69.66	57.27	13.91	-34.06	49.43	66.1
Net Income Growth	82.53%	311.80%	-	-	-25.22%	33.98%
Shares Outstanding (Basic)	67	67	66	66	66	65
Shares Outstanding (Diluted)	68	68	67	66	66	66
Shares Change (YoY)	1.20%	1.33%	1.37%	-0.38%	0.65%	1.28%
EPS (Basic)	1.04	0.85	0.21	-0.52	0.75	1.02
EPS (Diluted)	1.02	0.84	0.21	-0.52	0.75	1.00
EPS Growth	79.53%	301.51%	-	-	-25.00%	31.11%
Free Cash Flow	-42.01	-55.08	-103.42	-141.35	-67.65	31.33
Free Cash Flow Per Share	-0.62	-0.81	-1.54	-2.14	-1.02	0.48
Gross Margin	22.87%	21.05%	13.18%	4.81%	20.01%	23.34%
Operating Margin	13.43%	11.79%	3.50%	-3.07%	11.45%	14.79%
Profit Margin	8.63%	7.51%	2.36%	-5.25%	6.81%	9.01%
Free Cash Flow Margin	-5.21%	-7.22%	-17.54%	-21.79%	-9.32%	4.27%
EBITDA	152.37	134.4	63.24	26.33	126.15	146.65
EBITDA Margin	18.88%	17.62%	10.72%	4.06%	17.37%	19.99%
D&A For EBITDA	44	44.49	42.62	46.27	43.02	38.18
EBIT	108.37	89.91	20.62	-19.94	83.14	108.47
EBIT Margin	13.43%	11.79%	3.50%	-3.07%	11.45%	14.79%
Effective Tax Rate	24.69%	24.04%	24.06%	-	21.32%	23.39%

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q