Great Lakes Dredge & Dock Co (NASDAQ:GLDD) Surges 9.1% Pre-Market After Strong Q2 2025 Earnings Beat

Great Lakes Dredge & Dock Co (NASDAQ:GLDD) reported second-quarter 2025 earnings that surpassed analyst expectations, driving a sharp pre-market rally. The company posted revenue of $193.8 million, exceeding estimates of $181.3 million, while earnings per share (EPS) came in at $0.14, well above the projected $0.0944. The strong results have triggered a 9.1% surge in pre-market trading, signaling investor optimism despite recent underperformance in the stock.

Key Takeaways from the Earnings Report

• Revenue and EPS Beat: Both top and bottom-line results outperformed consensus estimates, with revenue up 6.9% above expectations and EPS nearly 50% higher than forecasted.
• Profitability Growth: Net income reached $9.7 million, while Adjusted EBITDA stood at $28.0 million, reflecting improved operational efficiency.
• Strong Backlog: The company reported a dredging backlog of $1 billion as of June 30, 2025, providing visibility into future revenue streams.

Market Reaction

The pre-market jump suggests investors are rewarding the earnings beat, particularly after a challenging month where GLDD’s stock declined by 10.2%. The positive surprise in both revenue and EPS likely alleviated concerns about execution risks, especially given the company’s exposure to infrastructure and offshore wind projects.

Forward-Looking Estimates

Analysts currently project full-year 2025 revenue of $836.0 million and EPS of $0.966, while Q3 estimates stand at $198.8 million in sales and $0.1555 EPS. The strong backlog could support future earnings stability, though macroeconomic factors like government infrastructure spending and energy transition investments will remain key drivers.

For a deeper dive into earnings trends and future estimates, review the latest data here.

Disclaimer: This article is not investment advice. Investors should conduct their own research or consult a financial advisor before making decisions.