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 successfully sold its Tampa property on West Tyson Avenue, generating net proceeds of approximately $22 million. This divestment aligns with the company's strategy to monetize real estate assets and will provide a gain on the sale, enhancing liquidity and strengthening the balance sheet. CEO Mark Stauffer emphasized the importance of this sale in supporting ongoing investments in a new ERP system and the upgrade of a dredging vessel. Orion continues to explore capital allocation options to execute its strategic plan.
Orion Group Holdings (NYSE: ORN) announced that Executive VP & CFO Robert Tabb and VP of Investor Relations Francis Okoniewski will present at the Stifel Cross Sector Insight Conference on June 8, 2021, at 10:40 am ET. Management will conduct one-on-one meetings throughout the day, with scheduling through Stifel institutional sales representatives or Fred Buonocore. A live webcast of the presentation will be accessible on the Company’s website, with an archived recording available later in the investor relations section.
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.
