Great Lakes Dredge & Dock: Fourth Quarter Earnings Overview
Great Lakes Dredge & Dock Corp. Reports Strong Fourth-Quarter Results
Great Lakes Dredge & Dock Corp., based in Houston, announced on Monday that it achieved a net profit of $12.6 million for the fourth quarter.
The company reported earnings of 18 cents per share, with adjusted earnings—factoring in debt repayment—rising to 30 cents per share.
These figures surpassed analysts’ expectations, as the consensus from four Zacks Investment Research analysts had projected earnings of 20 cents per share.
During the quarter, the company generated $256.5 million in revenue, outperforming the $218.7 million anticipated by three Zacks analysts.
For the full year, Great Lakes Dredge & Dock Corp. posted a total profit of $73.5 million, or $1.08 per share, on revenues of $888.3 million.
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