Great Lakes Dredge & Dock Soars 10.59% on Q1 Earnings Surprise

On May 6, 2025, Great Lakes Dredge & Dock's stock surged by 10.59% in pre-market trading, reflecting a significant boost in investor confidence.

Great Lakes Dredge & Dock Corporation reported a robust first quarter of 2025, with a net income of $33.4 million and revenue of $242.9 million. The company's strong financial performance was driven by a 22.3% increase in sales, surpassing Wall Street's expectations. This impressive growth was further highlighted by an earnings per share (EPS) of 49 cents and a quarterly net income of $33.42 million.

The company's dredging backlog and strategic initiatives have positioned it well for continued growth. The earnings and revenue surprises of 96% and 15.71%, respectively, underscore the company's operational efficiency and market leadership in the dredging and coastal protection sectors.