---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002595"
form_type: "8-K"
ticker: null
cik: "0001372020"
company_name: "Great Lakes Dredge & Dock CORP"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:09:39.555963+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Great Lakes Q1 net income $21M, adjusted EBITDA $42.9M; backlog $879M

## Summary
- Q1 2024 net income $21.0M vs net loss $3.2M in Q1 2023; revenue $198.7M (+$40.7M YoY).
- Adjusted EBITDA $42.9M, best quarter since Q4 2021; gross margin 22.9% (7.7% a year ago).
- Dredging backlog $879.4M, 77% capital projects; low bids/options pending $203M.
- Entered $150M second-lien credit agreement in April to fund new build program and liquidity.
- New hopper dredge Galveston Island operational; sistership Amelia Island due 2025.

## SEC filing metadata
- accession: 0001171843-24-002595
- form_type: 8-K
- cik: 0001372020
- company_name: Great Lakes Dredge & Dock CORP
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372020/000117184324002595/0001171843-24-002595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372020/000117184324002595/f8k_050624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002595
- JSON: https://secwatch.observer/filing/0001171843-24-002595.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002595.txt

## Key facts
- Earnings Releases
  Great Lakes Dredge & Dock CORP reported the first quarter ended March 31, 2024 results: revenue $198.7 million, net income $21.0 million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $198.7 million
  - Net income: $21.0 million
  - Result: reported results
  source text: provider of dredging services in the United States, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Revenue was $198.7 million Total operating profit was $31.5 million Net income was $21.0 million Adjusted EBITDA was $42.9 million Management Commentary Lasse Petterson, President and Chief Executive
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372020/000117184324002595/0001171843-24-002595-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.