It has taken swift and proactive action on cost reductions and fleet adjustments. Despite facing continued challenges related to weather delays in the Northeast and a lower-than-normal amount of capital work, the company benefited from more project work for the vessels and initiatives undertaken to improve profitability. Recently, the company reported its first-quarter 2023 results. Currently, GLDD has a Growth and Momentum Score of B. The Zacks Consensus Estimate for 2023 earnings is currently pegged at 10 cents, up 123.8% year over year on 4.5% revenue growth. The upside in the recent price movement can be attributable to solid earnings growth expectations and the VGM Score. The stock gained 15.3% in the past three months versus the Zacks Engineering - R and D Services industry’s 0.5% fall. In the after-hours trading session on May 30, its shares inched up 0.62%. The work is estimated to be complete by Apr 14, 2026. Per the contract, GLDD will build and maintain hopper dredging of the Freeport Harbor Channel. Great Lakes Dredge & Dock Corporation ( GLDD Quick Quote GLDD - Free Report) won a $157.4 million firm-fixed-price contract from the U.S.
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