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Great Lakes Dredge & Dock
Great Lakes Dredge & Dock (GLDD) investor relations material
Great Lakes Dredge & Dock Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary23 Feb, 2026
Executive summary
Achieved record full year revenue of $888.3 million for 2025, up $125.6 million year-over-year.
Full year net income was $73.5 million, with adjusted net income of $81.6 million, reflecting a one-time $8.1 million expense from debt extinguishment.
Signed two international offshore energy contracts, securing vessel utilization in Europe through most of 2027.
Announced definitive agreement for acquisition by Saltchuk Resources, expected to close in Q2 2026.
Financial highlights
Fourth quarter 2025 revenue was $256.5 million, up $53.7 million from Q4 2024.
Q4 2025 net income was $12.6 million, down from $19.7 million in Q4 2024 due to a one-time $8.1 million debt extinguishment expense; adjusted net income was $20.7 million.
Full year 2025 gross profit was $203.5 million (margin 22.9%), up from $160.6 million (margin 21.1%) in 2024.
Adjusted EBITDA for 2025 reached a record $171.3 million, up from $136.0 million in 2024.
Diluted EPS for 2025 was $1.08; adjusted diluted EPS was $1.20.
Outlook and guidance
Offshore energy contracts will keep the Acadia vessel utilized in Europe for most of 2027.
Pending acquisition by Saltchuk Resources is expected to close in Q2 2026, subject to regulatory and shareholder approvals.
How does Saltchuk deal impact future growth?
What is the total potential backlog including pending?
What is the Acadia's revenue contribution outlook?
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Latest events from Great Lakes Dredge & Dock
- Record backlog, strong margins, and offshore wind growth drive positive outlook.GLDD
Small-Cap Growth Virtual Investor Conference3 Feb 2026 - Q2 revenue up 28%, net income and backlog strong, offshore wind and fleet investments advance.GLDDQ2 20242 Feb 2026
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- Record backlog, strong margins, and offshore wind growth drive robust multi-year outlook.GLDDNoble Capital Markets Virtual Equity Conference20 Jan 2026
- Record backlog, strong margins, and robust project wins drive positive outlook into 2025.GLDDQ3 202416 Jan 2026
- Record backlog and high-margin projects drive strong outlook through 2025, with cash flow turning positive in 2026.GLDDCJS Securities 25th Annual “New Ideas for the New Year” Investor Conference10 Jan 2026
- Record 2024 results, robust backlog, and global expansion drive optimism for future growth.GLDDSidoti Small-Cap Virtual Conference26 Dec 2025
- Record 2024 results, $1.2B backlog, and offshore energy expansion drive strong outlook.GLDDQ4 202423 Dec 2025
- Shareholders will vote on director elections, auditor ratification, and key compensation plans.GLDDProxy Filing1 Dec 2025
Next Great Lakes Dredge & Dock earnings date
Q1 20265 May, 2026
Great Lakes Dredge & Dock
Next Great Lakes Dredge & Dock earnings date
Q1 20265 May, 2026
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