GLDD Great Lakes Dredge & Dock CORP
FY2025 10-K
Great Lakes Dredge & Dock CORP (GLDD) filed its fiscal year 2025 10-K annual report with the SEC on Feb 23, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: Marine dredging and construction services provider
- • No new products, services, or segments introduced or emphasized in 2026 filing
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
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
Get deeper insights on Great Lakes Dredge & Dock CORP
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.