Orion Group Hldgs Inc Stock Price, News & Analysis

Orion Group Holdings, Inc. (NYSE: ORN) announces participation in the D.A. Davidson Diversified Industrials and Services Virtual Conference on September 22, 2021. The company's Executive VP & CFO Robert Tabb and VP of Investor Relations Francis Okoniewski will present at 4:15 pm ET. Investors can participate in virtual meetings throughout the day. A live webcast will be available on the company's website, with an archived recording accessible later. Orion Group specializes in construction solutions across marine and concrete sectors in the U.S., Alaska, Canada, and the Caribbean.

Orion Group Holdings (NYSE: ORN) reported a net income of $3.5 million for Q2 2021, with a diluted EPS of $0.11, up from $2.0 million in Q2 2020. Operating income increased to $5.6 million despite reduced contract revenues of $145.9 million, down 20.6% year-over-year due to decreased project activity. Adjusted EBITDA was $7.4 million, and backlog stood at $394.4 million. The company sold its Tampa property, enhancing liquidity. Heavy rain affected production, especially in the concrete segment, but management remains optimistic about bid opportunities in recovering markets.

Orion Group Holdings (NYSE: ORN) announced its participation in the Jefferies Virtual Industrials Conference on August 4, 2021, at 1:00 PM ET. CEO Mark Stauffer, CFO Robert Tabb, and VP of Investor Relations Francis Okoniewski will present. One-on-one meetings are available on August 3-4 for interested parties. A live webcast of the presentation can be accessed from the Company’s investor relations website, with an archived recording available afterward. Orion is a specialty construction company serving the infrastructure, industrial, and building sectors across North America and the Caribbean.

Orion Group Holdings (NYSE: ORN) will release its financial results for Q2 2021 on July 28, 2021, after market close. A conference call to discuss the results will take place on July 29, 2021, at 10:00 a.m. ET. Investors can listen by dialing 201-493-6739 or via the company's website. Orion operates in the construction sector, providing marine and concrete services across the U.S., Alaska, Canada, and the Caribbean, emphasizing infrastructure, industrial, and building projects.

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.