2023-05-02 08:11:37 ET
- Great Lakes Dredge & Dock press release ( NASDAQ: GLDD ): Q1 GAAP EPS of -$0.05 beats by $0.16 .
- Revenue of $158.04M (-18.7% Y/Y) beats by $5.04M .
- First quarter adjusted EBITDA of $10.2 million.
- Dredging backlog of $327.1 million at March 31, 2023.
- Gross margin percentage declined to 7.7% in the first quarter of 2023 from 17.0% in the first quarter of 2022.
- At March 31, 2023, the Company had $32.5 million in cash and cash equivalents and total debt of $371.7 million, and availability under its revolving credit facility of $195.7 million with $50.0 million of draws outstanding at the end of the first quarter of 2023.
For further details see:
Great Lakes Dredge & Dock beats Q1 top and bottom line estimates