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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 191M | 12.4% |
| Gross Profit | 36M | 21.4% |
| Cost of Revenue | 175M | 11.7% |
| Operating expense | 20M | 22.6% |
| Net Income | 8.9M | 15.4% |
| EBITDA | 17M | 33.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.15B | 1.6% |
| Total Liabilities | 720M | 1.4% |
| Total Equity | 425M | 1.8% |
| Shares Outstanding | 67M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 27M | 45.8% |
| Cash from investing | -38M | 19.1% |
| Cash from financing | 100,000 | 99.6% |
EPS
Financial Highlights for Great Lakes Dredge & Dock in Q3 '24
Great Lakes Dredge & Dock reported a revenue of 191M, which is a 12.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 36M, marking a 21.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 175M, a 11.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 20M, showing a 22.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 8.9M, showing a 15.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 17M, showing a -33.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Great Lakes Dredge & Dock with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
