DexCom earnings beat by $0.03, revenue topped estimates
Eleni Beyko, Senior Vice President of Offshore Energy at Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD), recently sold 22,579 shares of the company’s common stock. The transaction, executed on May 6, 2025, was carried out under a Rule 10b5-1 trading plan adopted by Beyko on November 13, 2024. The shares were sold at a weighted average price of approximately $10.26, resulting in a total transaction value of $231,599. Following this sale, Beyko retains ownership of 50,138 shares in the company. The shares were sold in multiple transactions, with prices ranging from $10.00 to $10.495. Despite operating with significant debt, GLDD remains profitable and trades at an attractive earnings multiple. For deeper insights into insider trading patterns and 7 additional key ProTips, visit InvestingPro.
In other recent news, Great Lakes Dredge & Dock Corp reported impressive financial results for the first quarter of 2025, significantly outperforming earnings and revenue projections. The company achieved earnings per share of $0.49, nearly double the expected $0.2525, and revenue reached $242.9 million, surpassing the forecasted $198.5 million. This marked the second-highest revenue quarter in the company’s history, driven by capital and coastal protection projects, which accounted for over 87% of total revenue. Additionally, Great Lakes Dredge & Dock announced a $50 million share repurchase program, reflecting confidence in its financial performance and long-term outlook. The company also expanded its revolving credit facility to $330 million, enhancing its liquidity position. Looking forward, the firm expects to exceed its 2024 results and anticipates positive cash flow in 2026. Furthermore, the company is exploring international markets for offshore energy projects and continues to receive support from the U.S. Army Corps of Engineers. Despite potential challenges such as delays in the offshore wind market, Great Lakes Dredge & Dock remains optimistic about its future prospects.
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