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Great Lakes Dredge & Dock beat Q1 earnings expectations despite a profit drop, with revenue up 11.6%.
Great Lakes Dredge & Dock (GLDD) reported Q1 earnings of $0.29 per share, exceeding analyst expectations by $0.06.
Despite a quarterly profit drop, the company's revenue increased by 11.6%.
GLDD's backlog stands at $1.2 billion, with significant wins in capital and coastal protection projects, including a $235 million contract for the Sabine-Neches Contract 6 Deepening project.
The company's strong performance is highlighted by record bid market wins of $2.9 billion in 2024, securing 33% of projects.
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Los Grandes Lagos Dradge & Dock superaron las expectativas de ganancias Q1 a pesar de una caída de los beneficios, con unos ingresos del 11,6%.