Company Performance - Great Lakes Dredge & Dock (GLDD) reported quarterly earnings of $0.14 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and up from $0.11 per share a year ago, adjusted for non-recurring items [1] - The earnings surprise for the quarter was +75.00%, and the company has surpassed consensus EPS estimates three times over the last four quarters [2] - The company posted revenues of $193.76 million for the quarter, surpassing the Zacks Consensus Estimate by 11.14%, compared to $170.09 million in the same quarter last year [3] Market Comparison - Great Lakes Dredge & Dock shares have declined approximately 5.9% since the beginning of the year, while the S&P 500 has gained 7.6% [4] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $194.27 million, and for the current fiscal year, it is $0.96 on revenues of $816.02 million [8] Industry Outlook - The Building Products - Heavy Construction industry, to which Great Lakes Dredge & Dock belongs, is currently in the top 5% of over 250 Zacks industries, indicating a favorable outlook [9] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [6]

EXHIBIT 99.1 Great Lakes Reports Second Quarter 2025 Results Second quarter net income of $9.7 million Second quarter Adjusted EBITDA of $28.0 million Dredging backlog of $1 billion at June 30, 2025 HOUSTON, Aug. 05, 2025 (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 second quarter ended June 30, 2025. Second Quarter 2025 Highlights Management ...

Financial Performance - The company reported second quarter revenue of $193.8 million, an increase of $23.7 million compared to the same period in 2024 [11][17] - Net income for the quarter was $9.7 million, up from $7.7 million in the prior year [11][30] - Adjusted EBITDA for the second quarter was $28.0 million, reflecting improved operating results [11][30] Dredging Backlog - The dredging backlog stood at approximately $1.0 billion as of June 30, 2025, down from $1.2 billion at the end of 2024 [11][34] - An additional $215.4 million in low bids and options are pending award, providing revenue visibility for the remainder of 2025 and into 2026 [4][11] - Capital and coastal protection projects account for 93% of the dredging backlog, which typically yield higher margins [4] Project Updates - Dredging activity for private clients in the LNG sector remains strong, with new projects added to the backlog, including the Woodside Louisiana LNG project [5][6] - The company is actively engaged in two major LNG projects awarded in 2023, with operations ongoing [6] - The Acadia, a new subsea rock installation vessel, is expected to commence operations in 2026, enhancing the company's capabilities in offshore energy [10][16] Capital Management - The company initiated a $50 million share repurchase program, having repurchased 1.3 million shares for a total of $11.6 million as of June 30, 2025 [7] - An amendment to the Revolving Credit Facility increased its size from $300 million to $330 million, enhancing liquidity [8] Market Environment - The U.S. Army Corps of Engineers is operating under a continuing resolution, sustaining funding levels for dredging projects through September 30, 2025 [14] - The reauthorization of the Water Resources Development Act (WRDA) supports new capital investments in flood protection and ecosystem restoration [15]

Core Viewpoint - Great Lakes Dredge & Dock Corporation (GLDD) is expected to report its second-quarter 2025 results on August 5, with earnings per share (EPS) and revenues anticipated to show mixed year-over-year performance [1][3]. Financial Performance - In the last reported quarter, GLDD's EPS and revenues exceeded the Zacks Consensus Estimate by 96% and 15.7%, respectively, with year-over-year growth of 58.1% for EPS and 22.3% for revenues [1]. - The Zacks Consensus Estimate for the second-quarter EPS is unchanged at eight cents, reflecting a 27.3% decline from 11 cents year-over-year [3]. - The revenue estimate for the second quarter is $174.3 million, indicating a 2.5% increase from $170.1 million reported in the same quarter last year [3]. Revenue Drivers - The second-quarter revenue performance is likely driven by strong infrastructure demand and strategic efforts to expand the offshore wind business internationally, alongside a focus on new build programs [4]. - Government spending is significantly boosting demand for capital and coastal protection projects [4]. - Despite expected sequential weakness due to the timing of vessel deliveries, strong utilization is anticipated amid favorable market conditions [5]. Business Segment Performance - Contributions from GLDD's Dredging Capital and Dredging Coastal Protection segments are expected to increase, while Dredging Maintenance may see a decline [6]. - The Zacks Consensus Estimate for Dredging Capital revenues is $76 million, a 7% increase from $71 million year-over-year [6]. - Dredging Coastal Protection revenues are estimated at $79 million, reflecting a year-over-year growth of 12.9% [6]. - Conversely, Dredging Maintenance revenues are expected to decline by 24.2% to $21.6 million from $28.5 million a year ago [6]. Earnings Outlook - The bottom line is projected to decline year-over-year due to rising expenses, particularly from increased incentive compensation and employee benefits [7][8]. - Q2 revenues are expected to rise 2.5% to $174.3 million, driven by capital and coastal protection demand, with respective sales growth of 7% and 12.9% [8]. - The focus on higher-margin projects is likely to mitigate some pressures on the bottom line [9]. Earnings Prediction Model - The current model does not predict an earnings beat for GLDD, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 [10][11].

Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and has a significant history of international projects [4] - The company is expanding its core business into the offshore energy industry [4] - Great Lakes operates the largest and most diverse fleet in the U.S. dredging industry, consisting of approximately 200 specialized vessels [4] - The company has a disciplined training program for engineers to ensure performance based on experience [4] - Great Lakes has a strong safety management program, Incident-and Injury-Free® (IIF®), integrated into its culture to promote employee safety [4] Financial Results Announcement - Great Lakes will release its financial results for the three months ended June 30, 2025, on August 5, 2025, at 7:00 a.m. C.D.T. [1] - A conference call will be held on the same day at 9:00 a.m. C.D.T. [1] Conference Call Registration - Investors and analysts are encouraged to pre-register for the conference call to gain immediate access [2] - Pre-registration can be completed at any time up to the call start time [2] - The live call and replay will be available on the company's website under the Investor Relations page [3]

Core Viewpoint - Great Lakes Dredge & Dock Corporation has launched the Acadia, the first U.S. flagged, Jones Act-compliant subsea rock installation vessel, marking a significant milestone in its Offshore Energy strategy [1][5]. Company Overview - Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States, with a history of completing significant international projects and a focus on expanding into the offshore energy industry [6]. - The company operates approximately 200 specialized vessels, making it the owner of the largest and most diverse fleet in the U.S. dredging industry [6]. Vessel Specifications and Impact - The Acadia is designed to transport and install up to 20,000 metric tons of rock on the seabed, providing essential scour protection for subsea infrastructure [3]. - The construction of the Acadia utilized steel sourced from Ohio and labor from multiple states, creating over one million manhours of high-paying jobs [4]. Future Operations - Upon delivery, the Acadia will begin operations for the Empire Wind I offshore wind farm and will continue contracted work along the U.S. East Coast through the end of 2026 [5]. - The company has been actively engaging with clients for new offshore energy projects for 2027 and beyond [5].

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.84, reflecting a -1.82% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.79% [1] - Over the last month, GLDD shares increased by 2.9%, lagging behind the Construction sector's gain of 5.56% and the S&P 500's gain of 5.22% [1] Financial Projections - The upcoming EPS for Great Lakes Dredge & Dock is projected at $0.08, indicating a 27.27% decline compared to the same quarter last year [2] - The consensus estimate for revenue is $174.33 million, which represents a 2.49% increase from the equivalent quarter last year [2] - For the full year, earnings are projected at $0.96 per share and revenue at $816.02 million, showing changes of +14.29% and +6.99% respectively from the previous year [3] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are important as they reflect changing business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which evaluates estimated changes, currently ranks Great Lakes Dredge & Dock as 1 (Strong Buy), with 1 stocks historically returning an average annual gain of +25% since 1988 [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.61, which is a discount compared to the industry average of 23.2 [6] - The company has a PEG ratio of 1.05, while the average PEG ratio for the Building Products - Heavy Construction industry is 1.46 [6] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 2, placing it in the top 1% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Great Lakes Dredge & Dock (GLDD) is highlighted as a strong candidate for trend investing, having increased by 35.8% over the past 12 weeks, reflecting investor confidence [4]. - GLDD has also shown a price increase of 2.9% over the last four weeks, indicating that the upward trend is still intact [5]. Group 2: Fundamental Strength Indicators - GLDD is currently trading at 84.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - The stock holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6][7]. - The Average Broker Recommendation for GLDD is also 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Additional Insights - The article suggests that the price trend for GLDD is unlikely to reverse soon, and encourages consideration of other stocks that meet the criteria of the "Recent Price Strength" screen [8]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can assist in identifying potential winning stocks [8].

Core Insights - Great Lakes Dredge & Dock (GLDD) and Dycom Industries (DY) are both strong candidates for value investors in the Building Products - Heavy Construction sector [1] - Both companies currently hold a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook due to favorable analyst estimate revisions [3] Valuation Metrics - GLDD has a forward P/E ratio of 12.61, while DY has a forward P/E of 26.19, suggesting GLDD may be undervalued compared to DY [5] - The PEG ratio for GLDD is 1.05, indicating a more favorable valuation relative to its expected earnings growth compared to DY's PEG ratio of 1.43 [5] - GLDD's P/B ratio is 1.69, significantly lower than DY's P/B of 5.72, further supporting GLDD's position as a more attractive value option [6] Value Grades - GLDD has received a Value grade of A, while DY has a Value grade of D, highlighting GLDD's superior valuation metrics [6]

Core Insights - Great Lakes Dredge & Dock Corporation (GLDD) is facing delays in offshore projects, particularly in the U.S. offshore wind market, due to regulatory, financial, and logistical challenges [1][2] - The company is strategically expanding its offshore wind business internationally, targeting markets in the UK, European Union, and Asia [2][3] - GLDD is diversifying its portfolio by focusing on rock protection projects for critical subsea infrastructure, which helps mitigate risks associated with project delays [3] Financial Performance - GLDD's stock has increased by 48.2% over the past three months, outperforming the broader Zacks Construction sector and the S&P 500 index, but underperforming the Zacks Building Products - Heavy Construction industry [4] - The company's 2025 EPS estimate has risen by 39.1% to $0.96, despite ongoing project delays [7][10] - GLDD's current forward P/E ratio is 12.52X, which is lower than competitors Granite Construction and Jacobs Solutions, suggesting a discounted entry point for investors [8][9] Market Position - Competitors such as Granite Construction and Jacobs Solutions have seen their shares rise by 29.9% and 18.4%, respectively, in the past three months, benefiting from strong public infrastructure trends [5] - GLDD's earnings estimates for 2025 and 2026 have increased by 39.1% and 14.5%, respectively, indicating positive growth prospects [10]