Great Lakes Reports Fourth Quarter and Full Year 2025 Results and the Signing of Two International Offshore Energy Contracts

Record full year revenue of $888.3 million Full year net inc ome of $73.5 million (Adjusted net income of $81.6 mi llion) Record full year Adjusted EBITDA of $171.3 million HOUSTON, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the fourth quarter and year ended December 31, 2025 and the signing of two international offshore energy contracts. Fourth Quarter 2025 Highlights Revenue was $256.5 million Total operating income was $32.6 million Net income was $12.6 million Adjusted net income was $20.7 million Adjusted EBITDA was $44.0 million Full Year 2025 Highlights Revenue was $888.3 million Total operating income was $127.8 million Net income was $73.5 million Adjusted net income was $81.6 million Adjusted EBITDA was $171.3 million Backlog as of December 31, 2025 was $888.1 million Previously Announced Saltchuk Transaction On February 11, 2026, Great Lakes announced that it had entered into a definitive agreement for Saltchuk Resources, Inc. (“Saltchuk”) to acquire the Company.

GlobeNewsWire • Feb 23, 2026

Great Lakes Dredge & Dock (GLDD) Q4 Earnings and Revenues Beat Estimates

Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.3 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.29 per share a year ago.

Zacks Investment Research • Feb 24, 2026

What's in Store For These 5 Construction Stocks This Earnings Season?

Heading into the upcoming earnings cycle, the United States construction sector is at crossroads, with housing softness counterbalanced by resilient infrastructure and public works demand. On one side, elevated mortgage rates and affordability constraints continue to weigh on home order activity and volumes, while on the other side, strong public funding support and energy-transition opportunities are sailing the ship forward.

Zacks Investment Research • Feb 16, 2026

Great Lakes Dredge Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Great Lakes Dredge & Dock Corporation - GLDD

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Great Lakes Dredge & Dock Corporation (NasdaqGS: GLDD) to Saltchuk Resources, Inc. Under the terms of the proposed transaction, shareholders of Great Lakes will receive $17.00 in cash for each share of Great Lakes that they own. KSF is seeking to determine whether this consideration and the proc.

Business Wire • Feb 16, 2026

Great Lakes Dredge & Dock to Report Q4 Earnings: Here's What to Expect

GLDD gears up for Q4 earnings as strong backlog and dredging demand lift revenues, but margins may feel pressure from dry-docking costs.

Zacks Investment Research • Feb 12, 2026

Johnson Fistel Investigates Great Lakes Dredge & Dock (GLDD) in Connection with Proposed Sale to Saltchuk Resources

SAN DIEGO, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) breached their fiduciary duties in connection with the proposed sale of the Company to privately owned Saltchuk Resources, Inc.

GlobeNewsWire • Feb 12, 2026

Great Lakes Dredge & Dock to Join the Saltchuk Family of Companies

HOUSTON and SEATTLE, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, and Saltchuk Resources, Inc. ("Saltchuk"), a privately owned family of diversified freight transportation, marine service, and energy distribution companies, today announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion. Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies, Saltchuk will commence a tender offer to acquire all outstanding shares of the Company for $17.00 per share in cash.

GlobeNewsWire • Feb 11, 2026

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD)

NEW YORK, Feb. 11, 2026 /PRNewswire/ -- Class Action Attorney Juan Monteverde  with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD ) related to its sale to Saltchuk Resources, Inc. Under the terms of the proposed transaction, Great Lakes shareholders will receive $17.00 per share in cash.

PRNewsWire • Feb 11, 2026

GLDD Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Great Lakes Dredge & Dock to Saltchuk Resources

MONSEY, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Great Lakes Dredge & Dock (Nasdaq: GLDD) (“GLDD”) for $17.00 per share in cash to Saltchuk Resources.

GlobeNewsWire • Feb 11, 2026

Shareholder Alert: The Ademi Firm investigates whether Great Lakes Dredge & Dock Corporation is obtaining a Fair Price for its Public Shareholders

MILWAUKEE, Feb. 11, 2026 /PRNewswire/ -- Ademi LLP is investigating Great Lakes (NASDAQ: GLDD) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Saltchuk Resources. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995.

PRNewsWire • Feb 11, 2026