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. reports developments in specialty construction for infrastructure, industrial and building markets. The company operates through a Marine segment that performs marine construction, dredging, marine pipeline work, marine environmental structures and port, channel and waterway services, and a Concrete segment that provides turnkey concrete construction services including place and finish, site preparation, layout, forming and rebar placement.
Recurring Orion news includes quarterly results, guidance, backlog and contract-award updates, including public infrastructure and coastal marine projects. Company updates also cover concrete demand in large commercial, structural and data center markets, marine capability expansion following the completed J.E. McAmis acquisition, investor presentations, credit and capital actions, and board and governance changes.
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Orion Group Holdings (NYSE: ORN) announced it will release its first quarter financial results for the period ending March 31, 2023, on May 8, 2023, after market close. The company will hold a conference call on May 9, 2023, at 8:00 a.m. Central Time to discuss these results with analysts and investors.
The conference call can be accessed by dialing 800-715-9871. An audio webcast will also be available live and archived on the company's Investor Relations page.
Orion Group Holdings specializes in construction services across infrastructure, industrial, and building sectors, operating in the U.S., Alaska, Canada, and the Caribbean.
Orion Group Holdings (NYSE: ORN) reported a strong fourth quarter and full-year financial results for 2022, showcasing a 20.9% revenue increase to $196.2 million. The operating loss improved to $3.5 million, down from $8.2 million. Net loss decreased to $4.9 million ($0.15/share). Adjusted EBITDA was $3.2 million, showing significant progress year-over-year. The company has a backlog of $448.8 million and announced over $582 million in new contracts, including a notable $448 million with the U.S. Navy. A three-point strategic plan aims to enhance profitability, strengthen business development, and invest in resources for sustainable growth.
Orion Group Holdings (NYSE: ORN) announced contract awards totaling $134 million, primarily in the concrete segment, with significant projects in Houston and Dallas. The concrete segment secured $100 million in contracts, including a $25 million contract for a 22-story building in Houston and a $12 million contract for a Dallas hospital. The marine segment landed its largest diving services contract in company history, worth $20 million, aiding the US Army Corps of Engineers. Other projects in the marine segment total $14 million. The company is optimistic about project wins for 2023.