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 (ORN) provides essential marine infrastructure and turnkey concrete solutions across North America. This news hub offers investors and industry professionals centralized access to official updates and analysis on the company's operations.
Track critical developments including project awards, financial results, leadership changes, and strategic initiatives. Our curated collection features press releases covering marine construction milestones, concrete segment contracts, safety achievements, and operational expansions.
Key updates include coastal protection projects, port modernization efforts, environmental compliance developments, and commercial construction partnerships. The resource serves as a reliable reference for understanding ORN's market position and execution capabilities in specialty construction sectors.
Bookmark this page for streamlined access to verified information supporting informed analysis of Orion's performance in marine transportation infrastructure and complex concrete projects. Regular updates ensure you maintain current awareness of this vital industry player.
Orion Group Holdings reported a net loss of $3.1 million ($0.10 diluted loss per share) for Q2 2022, down from a profit of $3.5 million in Q2 2021. The adjusted net loss stood at $0.9 million ($0.03 diluted loss per share). Operating loss was $2.8 million, compared to an operating income of $5.6 million a year prior. Contract revenues increased by 33.4% to $194.6 million, mainly driven by growth in the marine and concrete segments. Backlog at the end of Q2 was $603.2 million with a book-to-bill ratio of 1.00x, highlighting a focus on margin improvements and liquidity.
Orion Group Holdings, Inc. (NYSE: ORN) will release its financial results for Q2 2022 on July 27, 2022, after market close. A conference call is scheduled for July 28, 2022, at 10:00 a.m. ET to discuss these results. Investors can listen live by calling 800-715-9871 (US & Canada) or via the Internet. Orion specializes in specialty construction across infrastructure, industrial, and building sectors, providing marine and concrete services in the US, Canada, and the Caribbean. The company is headquartered in Houston, Texas.
Orion Group Holdings reported a net loss of $4.9 million ($0.16 diluted loss per share) for Q1 2022, a significant decline from a net income of $0.9 million in Q1 2021. The operating loss was $2.9 million, down from operating income of $2.1 million last year. Contract revenues rose 14.1% to $174.9 million, primarily due to large marine segment projects. However, gross profit decreased to $12.8 million from $15.5 million, reflecting project difficulties. The backlog reached $604.1 million, a 66% increase year-over-year, with successful bids totaling $112 million post-quarter.
Orion Group Holdings, Inc. (NYSE: ORN) announced it will release its financial results for Q1 2022 on April 27, 2022, after the market closes. A conference call to discuss the results will take place on April 28, 2022, at 10:00 a.m. ET. Investors can join by calling 201-493-6739 or via the internet at the official website. Orion Group, headquartered in Houston, specializes in construction services for infrastructure and industrial sectors, with operations in the U.S., Canada, and the Caribbean.
Orion Group Holdings announces the resignation of President and CEO
Orion Group Holdings, Inc. (NYSE: ORN) reported a net loss of $8.8 million ($0.29 loss per share) for Q4 2021, down from a net income of $3.7 million in Q4 2020. The operating loss was $8.2 million, contrasting with a $5.1 million operating income in the prior year. The EBITDA for Q4 2021 was $(1.9) million, a significant drop from $11.7 million in Q4 2020. Despite these challenges, backlog increased to $590 million, up 34% year-over-year, demonstrating a growing pipeline fueled by a 27% increase in awarded work. The company expects revenue growth in 2022, leveraging the Infrastructure Investment and Jobs Act.
Orion Group Holdings, Inc. (NYSE: ORN) will announce its financial results for Q4 and the full year ended December 31, 2021, on March 2, 2022, following market closure. A conference call to discuss these results is scheduled for March 3, 2022, at 10:00 a.m. ET. The company operates in specialty construction, serving various sectors including infrastructure and marine. Interested parties can listen live via phone or online. A replay will be available for 30 days post-call.
Orion Group Holdings, Inc. announces the appointment of Quentin P. Smith, Jr. to its Board of Directors, effective January 21, 2022. Mr. Smith brings extensive experience in strategic planning and governance. This change follows the retirement of Richard L. Daerr, Jr., who has served on the Board since 2007. Daerr's retirement is effective May 20, 2022. The Board will expand temporarily to eight Directors, with Mr. Smith expected to stand for re-election at the 2022 annual stockholder meeting. These changes aim to enhance the Company's strategic direction in the specialty construction sector.
Orion Group Holdings (NYSE: ORN) has secured two contract awards in its Marine segment, totaling approximately
Orion Group Holdings (NYSE: ORN) announced that Francis Okoniewski, Vice President of Investor Relations, will present at the Sidoti Virtual Micro-Cap Conference on December 9, 2021, at 10:45 AM ET. The event will also feature virtual one-on-one meetings with investors on December 8 and 9, 2021. Registration is free and open to all interested parties. Orion specializes in construction services for infrastructure and industrial sectors, operating in the U.S., Alaska, Canada, and the Caribbean.
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