Great Lakes Dredge & Dock (NASDAQ:GLDD) First Quarter 2024 Results

Key Financial Results

• Revenue: US$198.7m (up 26% from 1Q 2023).

• Net income: US$21.0m (up from US$3.23m loss in 1Q 2023).

• Profit margin: 11% (up from net loss in 1Q 2023).

• EPS: US$0.32 (up from US$0.049 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Great Lakes Dredge & Dock Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are up 33% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Great Lakes Dredge & Dock (1 shouldn't be ignored!) that you should be aware of.

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