08:20 AM EDT, 03/14/2025 (MT Newswires) -- Great Lakes Dredge & Dock ( GLDD ) said Friday its board has authorized a $50 million share repurchase program.

The share repurchase program is set to expire March 14, 2026, but may be modified, suspended, or discontinued, the company said.

Chief Executive Lasse Petterson said the company's "share price does not reflect the strength of our business."