Julio Romero

Adam Thalhimer

Jonathan Tanwanteng

Joseph Gomes

Jeremy Routh

Joe Gomes

Kevin Gainey

- Great Lakes Dredge & Dock (GLDD) has maintained a **$1 billion backlog** and reported strong performance, with the first half of **2025 exceeding the first half of 2024** in revenue, gross margin, and EBITDA.  **[1372020_2147379_1]** **[1372020_2147379_4]** 
- The company is nearing completion of its **$550 million new build program**, with the **Amelia Island** recently delivered and the **Acadia**, a subsea rock installation vessel, expected in early **2026**.  **[1372020_2147379_2]** **[1372020_2147379_3]** 
- GLDD has secured **two contracts** for the Acadia in the US for **2026** and plans to market the vessel internationally due to an undersupply in the global market.  **[1372020_2147379_3]** 
- The primary capital allocation priority after the new build program is to **de-lever**, with plans to pay down approximately **$100 million in debt**.  **[1372020_2147379_4]** **[1372020_2147379_7]** 
- The US dredging market remains robust, with a **record $2.9 billion** market in **2024** and expectations for a new record budget for the Army Corps, alongside an anticipated new deepening cycle on the East Coast.  **[1372020_2147379_2]** **[1372020_2147379_5]**