What Happened?

Shares of dredging and coastal protection company Great Lakes Dredge & Dock (NASDAQ:GLDD) fell 13.7% in the afternoon session after the company reported weak fourth-quarter 2024 results, with revenue significantly missing expectations, hinting at potential growth issues. On the other hand, EBITDA and earnings came in ahead of analysts' estimates as margins improved. Overall, this was a challenging quarter.

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What The Market Is Telling Us

Great Lakes Dredge & Dock’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for Great Lakes Dredge & Dock and indicate this news significantly impacted the market’s perception of the business.

Great Lakes Dredge & Dock is down 20.6% since the beginning of the year, and at $9.25 per share, it is trading 27.3% below its 52-week high of $12.73 from December 2024. Investors who bought $1,000 worth of Great Lakes Dredge & Dock’s shares 5 years ago would now be looking at an investment worth $925.42.

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