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 (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.
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.
