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GLDD Climbs 9% As Q2 Results And Record Federal Spending Boost Outlook

By Forbes   |   Aug 8, 2024 at 08:00 PM EST
GLDD Climbs 9% As Q2 Results And Record Federal Spending Boost Outlook

GLDD's Q2 showed a 28.2% increase in contract revenue, driven by higher-margin projects. Operating margin surged to 8.58% from 2.77% with earnings tripling. Backlog shift to capital projects and robust bid market indicate continued growth.

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