Comparing the current results to its competitors, Great Lakes Dredge And Dock reported Revenue increase in the 4 quarter 2025 by 25.85 % year on year. The sales growth was above Great Lakes Dredge And Dock's competitors' average revenue growth of 16.22 %, achieved in the same quarter.
Great Lakes Dredge and Dock Corporation Net Income in the 4 quarter 2025 fell year on year by -35.92%, while most of its competitors have experienced a contraction in net income by -53.18 %.
Great Lakes Dredge And Dock's Comment on Competition and Industry Peers
The U.S. dredging industry is highly fragmented, with many small operators mainly engaged in maintenance dredging in inland waterways, which typically do not compete with Great Lakes. Competition varies based on job size and complexity, equipment bonding and certification, and government regulations. Over the three-year period ending December 31, 2025, Great Lakes and two other companies accounted for approximately 56% of the defined bid market related to domestic capital projects (excluding LNG), coastal protection, and maintenance. Competition within this bid market is primarily price-based. The Foreign Dredge Act of 1906 and the Jones Act create significant barriers to entry. Great Lakes holds more certified dredging vessels than any domestic competitor and invests substantially to maintain these certifications.
September 9, 2024
HOUSTON, Sept. 09, 2024 - Great Lakes Dredge and Dock Corporation (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced its participation in the Noble Capital Markets C-Suite Interview Series, presented by Channelchek. This platform will give Great Lakes the opportunity to discuss their strategic initiatives, operational insights, and future outlook amidst the current economic landscape.The company has long been recognized for its role in maintaining and enhancing marine environments, crucial for safe navigation, commerce, and environmental preservation. However, the latest financial report presents some challenges that the company is contending with, shedding light on th...
December 28, 2023
Great Lakes Dredge and Dock Corporation, the leading provider of dredging services in the United States, has announced the receipt of several dredging awards amounting to a substantial $173.7 million. This achievement solidifies the company s position as an industry leader and demonstrates its ongoing commitment to delivering exceptional services.These recent accolades come at a significant time for Great Lakes Dredge and Dock, as it seeks to maintain its competitive edge. Comparing the company s current results to its competitors, it is evident that Great Lakes Dredge and Dock faced a revenue decrease of -26.09% in the third quarter of 2023 compared to the previous year. This decline is significantly faster...
Great Lakes Dredge and Dock Corporation (NASDAQ: GLDD), renowned as the largest provider of dredging services in the United States, has recently made a significant breakthrough by securing a third rock installation contract. This contract entails performing subsea rock cable protection for an offshore wind project along the East Coast of the United States. While this represents a new utilization for Great Lakes, the company s recent financial report reflects a decline in revenue compared to its competitors in the third quarter of 2023. Let s delve into the facts regarding this new contract and evaluate its potential impact on the company. Rock Protection Contract: Great Lakes Dredge and Doc...
Sources:
Great Lakes Dredge and Dock Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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