NASDAQ$GLDD
Great Lakes Dredge & Dock Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Great Lakes reported strong Q4 results with solid project performance, leading to the highest quarterly net income and adjusted EBITDA of the year.
Great Lakes Dredge & Dock Corporation reported strong fourth-quarter results, driven by solid project performance. The company's full-year results were impacted by COVID-19 related costs and operational challenges, but ended the year with a strong backlog.
- Fourth quarter net income reached $24.7 million.
- Adjusted EBITDA for the fourth quarter was $48.2 million.
- The company ended the year with a backlog of $551.6 million as of December 31, 2021.
- COVID-19 related costs decreased to $0.5 million for the quarter.
Headline financials
Revenue & EPS history
Great Lakes · Revenue · Quarterly
$210M
Forward guidance
The company expects the 2022 bid market to be as strong as 2021 driven by large-scale port deepening projects. They anticipate continued port deepening bids and increased demand for coastal protection projects.
Tailwinds
- Expects the 2022 bid market to be as strong as 2021.
- Market continues to be driven by large-scale port deepening projects.
- Anticipates continuation of port deepening bids in multiple ports.
- Sees increased demand for coastal protection projects.
- Expects to see the continuation of port deepening bids in the ports of Norfolk, Freeport, Mobile, Sabine and additional phases in the Houston Ship Channel.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2021
-0.8%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+3.2%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+30.5%
Q1 2024
Best reaction
-24.5%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | -0.1% | +0.5% | +0.6% | |
| Q3 2025 | +12.1% | +7.6% | +13.1% | |
| Q2 2025 | +7.9% | +8.9% | +9.8% | |
| Q1 2025 | +5.0% | +12.2% | +20.8% | |
| Q4 2024 | -18.4% | -23.5% | -15.2% | |
| Q3 2024 | +7.3% | +9.3% | +9.3% | |
| Q2 2024 | +5.9% | +7.8% | +13.2% | |
| Q1 2024 | +30.5% | +28.8% | +30.7% | |
| Q4 2023 | +18.2% | +14.4% | +6.7% | |
| Q3 2023 | -16.7% | -15.5% | -6.8% | |
| Q2 2023 | +7.6% | +3.5% | +5.1% | |
| Q1 2023 | +1.0% | -1.4% | +19.0% | |
| Q4 2022 | -9.1% | -5.9% | -28.4% | |
| Q3 2022 | -6.1% | -10.2% | -5.3% | |
| Q2 2022 | -24.5% | -24.4% | -26.6% | |
| Q1 2022 | +7.5% | +2.3% | +7.3% | |
| Q4 2021 | +6.4% | +3.1% | +5.1% | |
| Q3 2021 | -2.7% | -1.2% | -2.9% | |
| Q2 2021 | -5.1% | -4.0% | +2.8% | |
| Q1 2021 | -11.8% | -12.2% | -7.9% | |
| Q4 2020 | -5.8% | -1.9% | -9.0% | |
| Q3 2020 | +0.1% | +2.5% | +10.6% | |
| Q2 2020 | +10.6% | +11.2% | +6.8% | |
| Q1 2020 | +6.2% | +3.8% | +17.3% | |
| Q4 2019 | +3.2% | +3.5% | -19.4% | |
| Q3 2019 | -7.8% | -9.4% | +5.2% | |
| Q2 2019 | +1.9% | -4.9% | +3.0% | |
| Q1 2019 | +13.1% | +19.7% | +14.7% | |
| Q4 2018 | +7.1% | +9.9% | +20.1% | |
| Q3 2018 | +22.0% | +23.5% | +20.4% | |
| Q2 2018 | -1.9% | +0.9% | +1.5% | |
| Q1 2018 | +8.9% | +13.3% | +15.6% | |
| Q4 2017 | -0.5% | -1.1% | -2.2% | |
| Q3 2017 | -9.7% | -7.8% | -1.0% | |
| Q2 2017 | -7.5% | -5.0% | +1.3% | |
| Q1 2017 | -3.2% | -3.2% | -8.5% | |
| Q4 2016 | -6.2% | -8.2% | -11.3% | |
| Q3 2016 | -12.0% | -9.9% | +21.1% | |
| Q2 2016 | -14.4% | -12.2% | -11.0% | |
| Q1 2016 | -2.6% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | -4.0% | — | — | |
| Q2 2015 | +12.0% | — | — | |
| Q1 2015 | -4.3% | — | — | |
| Q4 2014 | -13.2% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | -11.5% | — | — | |
| Q4 2013 | +2.3% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | -5.9% | — | — | |
| Q1 2013 | +12.2% | — | — | |
| Q4 2012 | -13.9% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q2 2012 | +1.9% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q1 2012 | -4.6% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2011 | -2.7% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q2 2010 | -14.3% | — | — | |
| Q4 2010 | -14.3% | — | — | |
| Q2 2011 | -14.3% | — | — | |
| Q1 2010 | +6.7% | — | — |
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