Orion Group Hldgs Inc Stock Price, News & Analysis

Orion Group Holdings (NYSE: ORN), a specialty construction company, has announced a dual listing of its common stock on the newly launched NYSE Texas exchange in Dallas. The company will maintain its primary listing on the New York Stock Exchange while trading under the same "ORN" ticker symbol on NYSE Texas.

As one of the founding members of NYSE Texas, Orion emphasizes its 40-year history in Texas and alignment with the exchange's focus on pro-growth values, transparency, and investor accessibility. The company's CEO Travis Boone highlighted Orion's deep Texas roots and commitment to the state's economic growth.

Orion Group Holdings reported strong Q1 2025 financial results, with contract revenues increasing 17.4% to $188.7 million compared to the previous year. Despite posting a GAAP net loss of $1.4 million ($0.04 per share), this marks a significant improvement from the $6.1 million loss in Q1 2024.

Key highlights include:

• Adjusted EBITDA doubled to $8.2 million
• New contract wins totaling $349 million year-to-date
• Total backlog reached $839.7 million
• Marine segment backlog: $607.4 million
• Concrete segment backlog: $232.3 million

The company secured notable contracts including a $6.3 million environmental project and a $7.5 million dredging project. CEO Travis Boone maintains a positive outlook, reaffirming 2025 guidance with expected revenue between $800-850 million and Adjusted EBITDA of $42-46 million. The company reports strong market demand and remains well-positioned for growth, particularly in defense, shipbuilding, infrastructure, and manufacturing sectors.

Orion Group Holdings (NYSE: ORN) has scheduled its Q1 2025 financial results announcement for Tuesday, April 29, 2025, after market close. The company will host a conference call and webcast the following day, Wednesday, April 30, at 8:00 a.m. Central Time. Investors and analysts can access the live conference call and participate in the subsequent Q&A session. The event will be accessible through the company's investor relations website.

Orion Group Holdings (NYSE: ORN) reported strong Q4 2024 results with contract revenues increasing 7.6% to $216.9 million. The company achieved a GAAP net income of $6.8 million ($0.17 per share), compared to a loss in the prior year. Q4 Adjusted EBITDA rose 15.3% to $17.1 million.

For full-year 2024, revenues grew 11.9% to $796.4 million, with Adjusted EBITDA increasing 75.9% to $41.9 million. The company reported a narrowed annual GAAP net loss of $1.6 million. Contracted backlog, including post-quarter awards, reached $977.3 million.

Looking ahead to 2025, Orion provided guidance of:

• Revenue: $800-850 million
• Adjusted EBITDA: $42-46 million
• Adjusted EPS: $0.11-0.17
• Capital expenditures: $25-35 million

Orion Group Holdings (NYSE: ORN) has secured new contracts worth $211.7 million, comprising $143.5 million in Marine awards and $68.2 million in Concrete awards. The projects are set to commence in 2025 with completion dates through 2026.

Key Marine awards include a $113.7 million contract from Texas Department of Transportation for the State Highway 6 bridge replacement over Lake Waco, and three separate contracts totaling $29.8 million for Port of Houston, Port of Galveston, and a private dredging project. Additionally, Orion received notification for the Deschutes Estuary Restoration project in Washington state (estimated at $350 million, pending funding).

The Concrete segment secured multiple projects including a multi-story development in Houston, a junior high school, industrial warehouses, and food processing building. The company also won a one-million-square-foot data center project in Iowa, marking their 33rd data center project.

Orion Group Holdings (NYSE: ORN), a specialty construction company, has scheduled the release of its fourth quarter and full year 2024 financial results after market close on Tuesday, March 4, 2025. The company will host a conference call and audio webcast with analysts and investors on Wednesday, March 5, 2025, at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and address questions.

Orion Group Holdings (NYSE: ORN) has secured three contracts totaling approximately $111 million. The largest is an $88 million contract from South Carolina State Ports Authority for the Hugh K. Leatherman Terminal Wharf Extension at the Port of Charleston. The second is a $12.9 million subcontract for Tampa's West Bank Riverwalk pedestrian bridge project. The third is a $10.3 million contract for a data center construction in Garland, Texas. All projects will commence in 2025 with completion expected within 20 months.

Orion Group Holdings (NYSE: ORN) has announced its participation in two upcoming investor conferences. The company's management team will attend the Craig-Hallum 15th Annual Alpha Select Investor Conference on November 19, 2024, in New York, and the Roth 13th Annual Deer Valley Event scheduled for December 12-13, 2024, in Park City, Utah. These events provide opportunities for the specialty construction company to engage with investors and showcase its business developments.