Great Lakes Reports Fourth Quarter and Full Year 2024 Results
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Great Lakes Dredge & Dock Corporation (GLDD) reported its fourth quarter and full year 2024 financial results. The company achieved a net income of $19.7 million and an Adjusted EBITDA of $40.2 million for the fourth quarter. For the full year, net income was $57.3 million with an Adjusted EBITDA of $136.0 million. The company's dredging backlog stood at $1.2 billion as of December 31, 2024.
February 18, 2025 | 1:15 pm
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Great Lakes Dredge & Dock Corporation reported strong financial results for Q4 and full year 2024, with significant net income and a robust dredging backlog.
The reported financial results indicate strong performance with significant net income and a large backlog, suggesting positive future revenue streams. This is likely to positively impact GLDD's stock price in the short term.
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