Great Lakes Reports Third Quarter Financial Results
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Great Lakes Dredge & Dock (GLDD) Tops Q3 EPS by 2c, Revenues Miss
November 5, 2019 8:04 AM ESTGreat Lakes Dredge & Dock (NASDAQ: GLDD) reported Q3 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $169.8 million versus the consensus estimate of $178.5 million.
Third Quarter 2019 Highlights
Revenue was $169.8 million in the third quarter, bringing year-to-date revenue to $547.2 million, an increase of $99.6 million over year-to-date revenue for the same period in the prior year. Gross margin percentage decreased to 18.8% in the third quarter from 22.2% in the prior year quarter.Total operating income from continuing operations was $18.4 million, bringing year-to-date operating income to $75.9 million, an... More