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Great Lakes Dredge & Dock Corporation exceeds Q4 2023 earnings expectations with $0.32 per share and sets a record backlog of $1.04B, primarily in capital projects.
Great Lakes Dredge & Dock Corporation (GLDD) had a successful Q4 2023 with better-than-expected earnings, surpassing expectations of $0.09 per share with $0.32 per share.
The company managed to secure a record backlog of $1.04 billion by the end of the year, with 71% of it in capital projects.
The financial results were driven by strategic cost reduction initiatives and modernizing its fleet.
In 2023, the company took delivery of the Galveston Island and Amelia Island dredges.
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Great Lakes Dredge & Dock Corporation supera las expectativas de ganancias para el cuarto trimestre de 2023 con 0,32 dólares por acción y establece una cartera de pedidos récord de 1.040 millones de dólares, principalmente en proyectos de capital.