Can Great Lakes Dredge & Dock Navigate Offshore Delays?
Key Takeaways GLDD's 2025 EPS estimate rose 39.1% to $0.96 despite delays like the Empire Wind 1 project pause. The firm is expanding internationally and targeting subsea infrastructure to offset offshore wind risks. GLDD trades at 12.52X forward P/E, below GVA and J, offering a discounted entry amid a strong long-term view.Great Lakes Dredge & Dock Corporation (GLDD) has been witnessing delays in offshore projects, especially in the offshore wind market of the United States, over the past year. These pro ...