Will Great Lakes' $1B Backlog Keep Margins Strong Through 2026?

Key Takeaways GLDD Q1 2025 gross margin expanded 570 bps year over year on large-scale, government-funded coastal projects. As of March 31, GLDD had $1 billion of backlog, with 95% tied to capital and coastal protection projects. Great Lakes stock soared 52.8% in the past three months, outperforming the industry growth of 35%.Great Lakes Dredge & Dock Corporation (GLDD) enjoys a competitive advantage for large-scale capital and coastal protection projects due to the requirements of certain specifications ...