Stock Track | Great Lakes Dredge & Dock Surges 5.36% Pre-Market on Strong Q3 Earnings Beat

Stock Track11-04

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) saw its stock soar 5.36% in pre-market trading on Tuesday following the release of its impressive third-quarter 2025 financial results. The company's earnings significantly outperformed analyst expectations, driving investor optimism.

The dredging services provider reported quarterly earnings of $0.26 per share, handily beating the analyst consensus estimate of $0.17 by 54.76%. This represents a substantial 100% increase from the $0.13 per share earned in the same period last year. The company's adjusted EBITDA came in at $39.3 million, surpassing the $31.1 million forecast by analysts. Great Lakes also posted a net income of $17.724 million for the quarter.

While the company's quarterly revenue of $195.205 million slightly missed the analyst estimate of $200.388 million, it still showed a 2.11% year-over-year increase. Despite the ongoing government shutdown, Great Lakes assured investors that its operations remain unaffected, with full project activities continuing as usual. The company also highlighted its diversification efforts, including the expansion of its ACADIA division into pipeline and cable protection services, as well as international offshore wind projects. Additionally, Great Lakes announced that the Woodside Louisiana LNG project is expected to commence in early 2026, potentially providing a significant boost to future earnings.

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