Welcome to our dedicated page for Orion Group Hldgs news (Ticker: ORN), a resource for investors and traders seeking the latest updates and insights on Orion Group Hldgs stock.
Orion Group Holdings, Inc. (NYSE: ORN) is a specialty construction company with marine and concrete segments serving infrastructure, industrial, and building markets in the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin. The ORN news feed on this page brings together company-issued updates and market disclosures that highlight how Orion executes its marine construction, dredging, and concrete construction activities.
News items for Orion commonly include announcements of new contract awards across its marine and concrete segments, such as maintenance dredging for the U.S. Army Corps of Engineers, shoreline protection projects, marine transportation facility work, crane trestle installations, and large concrete projects including data centers, manufacturing facilities, healthcare projects, energy-related facilities, and cold storage. These updates provide insight into the company’s contracted backlog and the mix of projects it is pursuing.
Investors and followers of ORN can also expect earnings releases and related communications, where Orion reports contract revenues, gross profit, backlog levels, and non-GAAP measures such as EBITDA and Adjusted EBITDA. The company uses these releases and associated conference calls to discuss operational performance in its marine and concrete segments, backlog trends, and financial guidance.
Additional news coverage includes information about capital structure developments, such as the establishment of a senior credit facility with UMB Bank, as well as governance and leadership updates like board appointments. Orion also reports on its participation in investor and industry conferences, where management presents its strategy, project pipeline, and market opportunities.
By reviewing the ORN news stream, readers can follow Orion Group Holdings’ reported contract wins, segment activity, financial updates, and corporate developments over time.
Orion Group Holdings (NYSE: ORN) has announced three new contracts totaling approximately $17 million for its Concrete segment. Highlights include a $5.5 million contract for the Royal Caribbean Cruise Terminal in Galveston, expected to start in Q2, and a $6.5 million project in San Antonio, set to begin in Q3. A $5.1 million contract for a new business park near Dallas-Fort Worth is also part of this announcement, with work commencing in Q3. The company emphasizes these awards showcase its team's quality and professionalism.
Orion Group Holdings (NYSE: ORN) has secured two contracts totaling $38 million. The first contract, worth $28.5 million, involves demolition and construction for a new aquatic habitat in Puget Sound, aimed at benefiting juvenile salmon, starting in Q2 2023. The second contract, valued at approximately $9 million, is for a private marine facility in Tampa, Florida, also commencing in Q2 2023 and expected to complete by mid-2022. These projects reflect the Company's growth potential as the economy recovers.
Orion Group Holdings (NYSE: ORN) announced its participation in the Sidoti Virtual Microcap Investor Conference on May 19, 2021, at 10:45 am ET, with VP of Investor Relations, Francis Okoniewski, leading the presentation.
He will also be available for one-on-one meetings throughout the day. Investors can schedule meetings via Sidoti representatives or contacting Fred Buonocore directly. A live webcast of the event will be accessible in the Investors section of Orion's website and an archived recording will be available after the event.
Orion Group Holdings (NYSE: ORN) reported a first-quarter 2021 net income of $0.9 million ($0.03 EPS), down from $2.7 million ($0.09 EPS) in Q1 2020. The operating income decreased to $2.1 million compared to $4.4 million last year. Factors influencing results included a severe winter storm that halted Texas operations, resulting in an estimated $8.2 million revenue loss. Adjusted EBITDA for Q1 2021 was $9.5 million, down from $12.2 million. Backlog fell to $364.8 million, with a book-to-bill ratio of 0.51x. The company maintains a strong liquidity position and positive outlook with substantial bidding opportunities.
Orion Group Holdings (NYSE: ORN) announced it will release its financial results for Q1 2021 on April 28, 2021, after market close. A conference call is scheduled for April 29, 2021, at 10:00 a.m. ET to discuss these results. Investors can participate by calling 201-493-6739 or by visiting www.oriongroupholdingsinc.com for a live stream. The company, based in Houston, Texas, specializes in construction services across marine and concrete segments, catering to various sectors in the U.S., Canada, and the Caribbean.
Orion Group Holdings reported a net income of $3.7 million for Q4 2020, translating to $0.12 diluted EPS, compared to $0.2 million in Q4 2019. Operating income rose to $5.1 million from $2.7 million, driven by improved production efficiency. Adjusted EBITDA increased to $12.6 million, up 9.2% year-over-year. Backlog was $439.5 million, down from $558.5 million a year prior, with a book-to-bill ratio of 1.06x. Despite challenges from COVID-19, the company expressed confidence in future bidding opportunities and strong liquidity.
Orion Group Holdings (NYSE: ORN) announced its fourth-quarter financial results for the period ending December 31, 2020, set to be released on February 24, 2021, post-market close. Following this, a conference call will occur on February 25, 2021, at 10:00 a.m. ET to discuss the results. Investors can join the call by dialing 201-493-6739 or via the company's website. Orion specializes in construction services across marine and concrete segments, operating throughout the U.S., Canada, and the Caribbean.
Orion Group Holdings (NYSE: ORN) announced contract awards totaling approximately $27 million. This includes an $11.6 million contract for a tilt-wall distribution center in Central Texas and five additional contracts worth $15.1 million for various tilt wall and paving projects in Dallas/Fort Worth and Houston. Construction will commence in late Q1 to early Q2 2021 and is expected to be completed by year-end. The CEO highlighted the strong start of the year and plans to build on this momentum by delivering quality services.
Orion Group Holdings (NYSE: ORN) announced that CEO Mark Stauffer and VP of Investor Relations Francis Okoniewski will present at the Sidoti Virtual Small Cap Conference on January 13, 2021, from 10:45 to 11:15 am ET. Investors can schedule one-on-one meetings through Sidoti representatives. A live webcast of the presentation will be accessible via the company's website, with an archived recording available afterward. Orion specializes in marine and concrete construction services across various sectors in the U.S. and internationally.
Orion Group Holdings (NYSE: ORN) has announced new contract awards totaling approximately $20 million. The Marine segment secured two contracts in Florida, the first valued at $10.7 million for bridge replacement in St. Petersburg, projected to start in Q1 2021 and take about 10 months. The second contract, worth $10 million, involves replacing a quay wall at Naval Station Mayport, set to begin immediately and end by the year's close. CEO Mark Stauffer emphasized that these projects enhance the company's backlog and align with their expertise.