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), 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.
Orion Group Holdings (NYSE: ORN) reported strong Q3 2024 results with contract revenues of $226.7 million, up 34.5% year-over-year. The company posted a GAAP net income of $4.3 million ($0.12 per share) and adjusted net income of $5.6 million ($0.16 per share). Adjusted EBITDA grew 62% to $15.2 million, with cash flow from operations of $35.2 million. The growth was primarily driven by the Pearl Harbor and Grand Bahama Shipyard Dry Dock projects. Total backlog stood at $690.5 million, with $116 million in new contract awards subsequent to quarter end. The company maintains its full-year 2024 Adjusted EBITDA guidance of $40-45 million.
Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, has announced it will release its third quarter 2024 financial results after the stock market closes on Wednesday, October 30, 2024. The company will host a conference call and audio webcast with analysts and investors on Thursday, October 31, at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions.
Interested parties can access the live conference call by dialing 844-481-2994. Additionally, a live and archived webcast of the call will be available on the company's Investor Relations website.
Orion Group Holdings (NYSE: ORN), a top specialty construction firm, has announced its participation in D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference. The event is scheduled for September 19-20, 2024, in Nashville, Tennessee.
This conference provides a platform for companies to showcase their services and connect with industry professionals. Orion's management team will be present, likely to discuss the company's recent developments, market position, and future strategies. For investors and analysts, this event offers an opportunity to gain insights into Orion's operations and potential growth prospects in the specialty construction sector.
Orion Group Holdings (NYSE: ORN) has priced its public offering of 4,860,000 shares of common stock at $5.15 per share, aiming to raise $25.0 million in gross proceeds. The company plans to use the net proceeds for working capital and general corporate purposes, including potential repayment of indebtedness under its credit agreement. Orion has granted underwriters a 30-day option to purchase up to 729,000 additional shares at the public offering price. The offering is expected to close around September 12, 2024, subject to customary conditions. Craig-Hallum Capital Group is acting as the sole book-running manager, with Roth Capital Partners as co-manager for the offering.
Orion Group Holdings (NYSE: ORN), a leading specialty construction company, has announced a proposed public offering of common stock. The company intends to grant the underwriter a 30-day option to purchase additional shares. Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering.
Orion plans to use the net proceeds for working capital and general corporate purposes, which may include repayment of indebtedness under its credit agreement. The offering is subject to market conditions, and there is no assurance regarding its completion or final terms. A shelf registration statement for the shares has been filed with the SEC and is effective.
Orion Group Holdings, Inc. (NYSE: ORN), a leading specialty construction company, celebrated its 15th anniversary as a listed company on the New York Stock Exchange (NYSE) by ringing The Opening Bell®. The event also marked the company's 30th anniversary since its consolidation as Orion Group Holdings.
CEO Travis Boone highlighted Orion's long legacy, dating back over 100 years, and its reputation as a leading provider of mission-critical services in the marine, industrial, and infrastructure concrete sectors. Boone emphasized the company's commitment to delivering predictable excellence through outstanding execution, crediting the dedication of Orion's workforce.
The Opening Bell® ceremony can be viewed on NYSE.com, the New York Stock Exchange YouTube channel, and Orion's investor relations website.
Orion Group Holdings (NYSE: ORN) reported its Q2 2024 financial results with contract revenues of $192.2 million, up 5.3% year-over-year. The company posted a GAAP net loss of $6.6 million or $0.20 per diluted share and an adjusted net loss of $5.2 million or $0.16 per diluted share. Adjusted EBITDA was $5.5 million.
Due to project delays, Orion lowered its 2024 guidance to revenue of $850-900 million and adjusted EBITDA of $40-45 million. The company's backlog and contracts awarded after Q2 totaled $876.3 million. Orion won $118 million in new projects in July across its Marine and Concrete segments.