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.
Overview
Orion Group Holdings Inc (ORN) is a specialty construction company that provides a comprehensive range of services in both marine construction and turnkey concrete work. Leveraging decades of experience, Orion serves key infrastructure, industrial, and building sectors across the continental United States, Alaska, Canada, and the Caribbean Basin. With a solid reputation in marine construction, the company excels in projects ranging from marine transportation facility construction and marine pipeline development to environmental dredging and comprehensive marine design services.
Marine Construction Segment
The marine construction division of Orion Group Holdings Inc is dedicated to delivering heavy civil projects on and off the water. This division undertakes the construction and maintenance of critical marine infrastructure including ports, marinas, waterways, and channels. Its expertise spans the installation of marine environmental structures, marine pipelines, and dredging of channels and ports essential for safe maritime traffic. By executing projects that involve complex engineering and innovative construction methods, Orion has developed a reputation for high-quality outcomes and adherence to rigorous safety standards.
Turnkey Concrete Services
Complementing its marine projects, the company's concrete segment offers full-service turnkey concrete construction. Specializing in pour and finish, site preparation, layout, forming, rebar installation, and mesh placement, Orion delivers tailored solutions for various contracts that range from light commercial construction to large-scale structural projects. This segment is known for its precise execution, quality craftsmanship, and ability to meet complex demands across various industry sectors, ensuring that projects are completed on time and within specifications.
Operational Excellence and Industry Position
At its core, Orion Group Holdings Inc focuses on delivering predictable excellence by implementing disciplined bidding processes, innovative project management strategies, and rigorous quality control measures. Its dual-segment business model not only promotes diversified revenue streams but also allows the company to respond flexibly to market demands across both marine and concrete construction sectors. This balanced approach and emphasis on safety, quality, and execution have enabled Orion to secure a strong competitive position within the specialty construction industry.
Service Capabilities and Market Reach
Orion's service capabilities are marked by advanced engineering expertise and a strategic geographic footprint. With regional offices spread throughout its operational areas, the company is well positioned to engage in projects that include marine facility modernizations, environmental restoration initiatives, and large-scale concrete construction assignments. Its portfolio demonstrates a blend of technical proficiency and operational resilience, whether addressing dredging challenges in congested waterways or managing concrete placements for critical infrastructure projects.
Commitment to Quality and Safety
Quality control and safety are foundational to Orion’s operational strategy. The company emphasizes rigorous project planning, adherence to industry regulations, and the continual training of its workforce. This commitment underpins each project, ensuring that the infrastructure delivered not only meets the client’s specifications but also contributes to long-term durability and operational safety.
Frequently Asked Questions
- What are the main service areas of Orion Group Holdings Inc?
Orion Group Holdings Inc specializes in both marine construction and turnkey concrete services across the continental United States, Alaska, Canada, and the Caribbean Basin.
- Which segments comprise the company’s operations?
The company is organized into two main segments: the heavy civil marine construction segment and the commercial concrete segment.
- What types of projects does the marine segment handle?
The marine segment covers a range of projects including marine transportation facility construction, pipeline construction, dredging of waterways, environmental structure development, and specialty marine services.
- How does the concrete segment support its clients?
The concrete segment provides comprehensive turnkey concrete construction services, handling projects from site preparation through pour and finish for commercial, industrial, and structural applications.
- What distinguishes Orion in the competitive construction industry?
Orion stands out due to its diversified service offerings, disciplined project execution, commitment to safety and quality, and its ability to deliver specialized solutions in challenging environments.
- How does Orion ensure high-quality construction projects?
The company emphasizes robust quality control measures, advanced engineering techniques, and rigorous adherence to safety protocols in all its projects.
Conclusion
Orion Group Holdings Inc has cemented its role as an expert provider in specialty construction by blending marine and concrete construction services to address critical infrastructure needs. The company’s methodical approach to bidding, project execution, and quality assurance ensures that each project is delivered with expert precision, solidifying its reputation as a trusted construction partner in its industry.
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.
Orion Group Holdings (NYSE: ORN) announced that CEO Mark Stauffer and VP of Investor Relations Francis Okoniewski will present at the Sidoti Virtual Small Cap Conference on January 13, 2021, from 10:45 to 11:15 am ET. Investors can schedule one-on-one meetings through Sidoti representatives. A live webcast of the presentation will be accessible via the company's website, with an archived recording available afterward. Orion specializes in marine and concrete construction services across various sectors in the U.S. and internationally.
FAQ
What is the current stock price of Orion Group Hldgs (ORN)?
What is the market cap of Orion Group Hldgs (ORN)?
What industries does Orion Group Holdings Inc serve?
What are the two main business segments of the company?
What types of projects are handled by the marine construction segment?
How does Orion support large-scale concrete construction?
What factors contribute to Orion's industry reputation?
How does Orion ensure project quality and safety?
