GLDD at a glance
Great Lakes Dredge & Dock CORP (GLDD, SEC CIK 1372020) filed its latest 10-K annual report on February 23, 2026, a 10-Q quarterly report on November 4, 2025, an 8-K current report on April 1, 2026 and Form 4 insider filings as recently as April 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Great Lakes Dredge & Dock CORP (GLDD) reported revenue of $888.3 million (up 16.5% from FY2024) and net income of $73.5 million. Diluted EPS was $1.08.
- As of March 31, 2026, 29 institutional investment managers tracked by SignalX reported holding Great Lakes Dredge & Dock CORP (GLDD) shares worth $360.6 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $888.3M
- +16.5% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 29 funds
- $360.6M · +3 vs prior quarter
- Latest 8-K
- Mar 18, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Marine dredging and construction services provider
- No new products, services, or segments introduced or emphasized in 2026 filing
- Continued emphasis on corporate governance with updated code of business conduct and Insider Trading Policy
- No quantitative operating metrics disclosed in Business section, focus on compliance and ethics policies instead
- Noteworthy for reliance on Proxy Statement for material governance, compensation, and accounting fee disclosures
Risk Factors
- Regulatory/legal risk: Receipt of required antitrust clearance for Merger Agreement with Saltchuk subject to closing conditions, failure risks $37M termination fee
- Geopolitical/macroeconomic threat: Federal dredging revenue declined from 74% in 2023 to 48% in 2025; subject to U.S. government budget approvals and possible shutdowns
- Operational/supply chain vulnerability: Disruptions in procurement of new vessel build materials and maintenance pose risks to vessel operations and construction schedules
- Competitive/market disruption risk: Fixed-price contracts expose Company to cost-overruns, liquidated damages and pricing pressure amid rising equipment/material costs
- Financial/structural risk: Substantial indebtedness increases vulnerability to adverse economic conditions and imposes restrictions on business operation and dividend payments
Management Discussion & Analysis
- Total backlog $888.1M in 2025, down 28% from $1.24B in 2024, dredging backlog down 36% to $763.2M vs $1.19B
- Operating cash flow $246.7M in 2025 vs $70.1M in 2024, driven by higher earnings and better working capital management
- Capital expenditures $144.6M in 2025 for new vessels including $69.1M on Acadia, $32.3M on Amelia Island dredge
- Stock repurchases $11.6M and Second Lien debt repayments $100M plus $3.1M penalty in 2025; revolver borrowings $20M
- 2026 capex guidance $65-$75M; offshore energy fleet expansion with Acadia vessel delivery early 2026; credit ratings B stable with positive outlook
AI summary of the GLDD 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Sep 30, 2025
Risk Factors
- No risk-factors section provided; supplied text covers repurchases, trading plans, exhibits, and signatures
- Share-repurchase authorization up to $50.0 million through March 14, 2026
- No shares repurchased during the quarter; remaining authorization $38,406,008
- CEO trading arrangement covered up to 592,652 shares but terminated October 27, 2025 without sales
- Senior vice president trading arrangement covers up to 30,000 shares through August 31, 2026
AI summary of the GLDD 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Saltchuk launched a cash tender offer to buy all outstanding 5.25% Senior Notes due 2029 from Great Lakes Dredge & Dock Corp
- Consent solicitation targets majority holders to approve amendments removing most restrictive covenants and some defaults in indenture
AI summaries of GLDD 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GLDD
Don't miss the next GLDD filing
- Alerts as it files. A push when GLDD files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut GLDD, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Shanahan Kathleen M | U | Apr 1, 2026 | 76,375 | - |
| Petterson Lasse | A | Apr 1, 2026 | 206,445 | - |
| Steger Ronald | U | Apr 1, 2026 | 20,404 | - |
| DICKERSON LAWRENCE R | U | Apr 1, 2026 | 86,217 | - |
| DICKERSON LAWRENCE R | D | Apr 1, 2026 | 76,962 | - |
| Steger Ronald | D | Apr 1, 2026 | 45,068 | - |
| Armstrong Dana A | U | Apr 1, 2026 | 8,436 | - |
| Armstrong Dana A | U | Apr 1, 2026 | 8,436 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $762.7M | $888.3M |
| Gross Profit | - | $160.6M | $203.5M |
| Operating Income | - | $92.8M | $127.8M |
| Net Income | - | $57.3M | $73.5M |
| Gross Margin | - | 21.1% | 22.9% |
| Op. Margin | - | 12.2% | 14.4% |
| Net Margin | - | 7.5% | 8.3% |
| Balance Sheet | |||
| Total Assets | $1.1B | $1.3B | $1.3B |
| Equity | $385.5M | $448.9M | $517.1M |
| ROE | - | 12.8% | 14.2% |
| Per Share | |||
| EPS | - | $0.84 | $1.08 |
| Cash Flow | |||
| Operating CF | - | $70.1M | $246.7M |
| CapEx | - | $125.1M | $147.2M |
Source: XBRL data in Great Lakes Dredge & Dock CORP (GLDD)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q1 2026Aggregate GLDD share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q1 2026 | 29 | $360.6M |
| Q4 2025 | 26 | $320.6M |
| Q3 2025 | 26 | $288.1M |
| Q2 2025 | 26 | $274.8M |
| Q1 2025 | 22 | $128.3M |
| Q4 2024 | 19 | $149.7M |
| Q3 2024 | 15 | $90.8M |
- Two Sigma Investments+1.42M (+249%)
- Goldman Sachs Group+223.9K (+35%)
- Renaissance Technologies LLC+122.9K (+47%)
- Northern Trust+32.5K (+5%)
- T. Rowe Price Group+9.9K (+25%)
- BlackRock−979.6K (-14%)
- Dimensional Fund Advisors−913.7K (-21%)
- Morgan Stanley−690.5K (-68%)
- Millennium Management−466.4K (-29%)
- JPMorgan Chase & Co−442.9K (-66%)
- Vanguard Group Inc−3.99M
- Raymond James Financial−187.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 163 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
GLDD filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
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GLDD SEC filings: frequently asked questions
Which institutions hold GLDD stock?
As of March 31, 2026, the largest Great Lakes Dredge & Dock CORP (GLDD) holders among the 13F filers tracked by SignalX were BlackRock ($100.6 million), Dimensional Fund Advisors ($57.6 million), Vanguard Capital Management LLC ($48.6 million), Two Sigma Investments ($33.8 million), State Street Corp ($26.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GLDD's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Great Lakes Dredge & Dock CORP (GLDD) reported revenue of $888.3 million (up 16.5% from FY2024) and net income of $73.5 million. Diluted EPS was $1.08. The figures come from the XBRL data in the 10-K.
What are the main risks in GLDD's latest 10-K?
In the 10-K filed February 23, 2026, Great Lakes Dredge & Dock CORP (GLDD) flagged: Regulatory/legal risk: Receipt of required antitrust clearance for Merger Agreement with Saltchuk subject to closing conditions, failure risks $37M termination fee. Geopolitical/macroeconomic threat: Federal dredging revenue declined from 74% in 2023 to 48% in 2025; subject to U.S. government budget approvals and possible shutdowns. (AI summary of the Risk Factors section.)
What did GLDD report in its latest 8-K?
Great Lakes Dredge & Dock CORP (GLDD) filed an 8-K on March 18, 2026 reporting Item 8.01 (Other Events). Saltchuk launched a cash tender offer to buy all outstanding 5.25% Senior Notes due 2029 from Great Lakes Dredge & Dock Corp.
What are the latest GLDD SEC filings?
Great Lakes Dredge & Dock CORP (GLDD) filed its latest 10-K annual report on February 23, 2026, a 10-Q quarterly report on November 4, 2025, an 8-K current report on April 1, 2026 and a Form 4 insider filing on April 1, 2026.
What is GLDD's SEC CIK number?
Great Lakes Dredge & Dock CORP (GLDD)'s SEC Central Index Key (CIK) is 1372020. EDGAR lists every GLDD filing under that number.
Ask anything about GLDD
The research agent reads GLDD's filings, financials, insider trades and 13F holders, then answers with sources.