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GLDD (Great Lakes Dredge & Dock) EBIT : $93.3 Mil (TTM As of Dec. 2024)


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What is Great Lakes Dredge & Dock EBIT?

Great Lakes Dredge & Dock's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $29.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $93.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great Lakes Dredge & Dock's annualized ROC % for the quarter that ended in Dec. 2024 was 8.16%. Great Lakes Dredge & Dock's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 15.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Great Lakes Dredge & Dock's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 8.71%.


Great Lakes Dredge & Dock EBIT Historical Data

The historical data trend for Great Lakes Dredge & Dock's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Great Lakes Dredge & Dock EBIT Chart

Great Lakes Dredge & Dock Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.26 84.42 -29.31 30.45 93.27

Great Lakes Dredge & Dock Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.59 31.90 14.71 16.89 29.75

Competitive Comparison of Great Lakes Dredge & Dock's EBIT

For the Engineering & Construction subindustry, Great Lakes Dredge & Dock's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Great Lakes Dredge & Dock's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Great Lakes Dredge & Dock's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Great Lakes Dredge & Dock's EV-to-EBIT falls into.



Great Lakes Dredge & Dock EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $93.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Great Lakes Dredge & Dock  (NAS:GLDD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Great Lakes Dredge & Dock's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=108.196 * ( 1 - 20.66% )/( (999.888 + 1104.98)/ 2 )
=85.8427064/1052.434
=8.16 %

where

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1145.339 - 133.414 - ( 12.037 - max(0, 177.722 - 214.732+12.037))
=999.888

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1255.103 - 139.907 - ( 10.216 - max(0, 216.013 - 263.418+10.216))
=1104.98

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Great Lakes Dredge & Dock's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=119.016/( ( (748.074 + max(-75.478, 0)) + (799.351 + max(-92.706, 0)) )/ 2 )
=119.016/( ( 748.074 + 799.351 )/ 2 )
=119.016/773.7125
=15.38 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.626 + 34.961 + 33.429) - (133.414 + 15.613 + 3.467)
=-75.478

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.235 + 29.866 + 31.109) - (139.907 + 25.796 + 1.213)
=-92.706

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Great Lakes Dredge & Dock's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=93.265/1070.407
=8.71 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Great Lakes Dredge & Dock EBIT Related Terms

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Great Lakes Dredge & Dock Business Description

Traded in Other Exchanges
Address
9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024
Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.
Executives
Lawrence R Dickerson director 15415 KATY FREEWAY STE 100, HOUSTON TX 77094
Ronald Steger director 13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Kathleen M Shanahan director 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Lasse Petterson director, officer: CEO & President 2103 RESEARCH FOREST DRIVE THE WOODLANDS TX 77380
Ryan Levenson director 2396 DELLWOOD DRIVE, ATLANTA GA 30305
David E Simonelli officer: Chief Operating Officer C/O GREAT LAKES DREDGE & DOCK CORPORATIO 2122 YORK ROAD OAK BROOK IL 60523
Kathleen Mackie Lavoy officer: SVP & Chief Legal Officer C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523
D Michael Steuert director C/O FLUOR CORP, ONE ENTERPRISE DR, ALISO VIEJO CA 92656
Michael Joseph Walsh director C/O GREAT LAKES DREDGE & DOCK CORP 2122 YORK ROAD OAK BROOK IL 60523
Mark W. Marinko officer: Chief Financial Officer C/O GREAT LAKES DREDGE & DOCK CORP., 2122 YORK ROAD, SUITE 200, OAK BROOK IL 60523
Annette W Cyr officer: Chief HR & Admin Officer C/O BRIGHTPOINT., INC. 7635 INTERACTIVE WAY, SUITE 200 INDIANAPOLIS IN 46278
Carl A Albert director C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
Robert B Uhler director C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD, SUITE 200 OAK BROOK IL 60523
Jason Weiss director C/O BOISE INC. 1111 WEST JEFFERSON STREET, SUITE 200 BOISE ID 83702-5388
Christopher P Shea officer: President - E&I Division C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523