Great Lakes Dredge & Dock: Momentum Builds

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Posted November 7, 2018

Infrastructure concern Great Lakes Dredge & Dock (GLDD) posted third quarter numbers on Tuesday. Quarterly results showed the company continues to execute well and its business is gaining momentum. The shares rallied some 10% in trading yesterday after its earnings report was posted. Today, we revisit this 'off the radar' small cap concern and provide an updated investment analysis post Q3 results.

Company Overview:

Great Lakes Dredge & Dock Company is the largest provider of dredging services in the country, accounting for approximately half of the domestic dredging bid market share. The firm has been around for more than a century. Currently, the stock has a market capitalization of approximately $400 million and trades near the $6.50 a share level.

Source: Seeking Alpha