Houston-headquartered Great Lakes Dredge & Dock Company [Nasdaq: GLDD] today reported financial results for the first quarter ended March 31, 2025.
“Great Lakes had a great first quarter, with strong project performance and high utilization as all of our active dredges were operational,” said GLDD president and CEO Lasse Petterson. “We ended the quarter with revenue of $242.9 million, net income of $33.4 million, and adjusted EBITDA of $60.1 million. Our substantial dredging backlog stood at...
https://www.marinelog.com/inland-coastal/dredging/gldd-posts-strong-first-quarter-results/