Orion Group Holdings Inc is a construction services firm that specializes in providing a wide range of infrastructure and industrial services
The company focuses on delivering solutions in sectors such as marine construction, environmental services, and commercial construction, among others. With a commitment to safety and sustainability, Orion Group works on various projects that contribute to the development and enhancement of critical infrastructure, including bridges, pipelines, and coastal restoration efforts. The organization leverages a skilled workforce and innovative techniques to meet the specific needs of its clients while adhering to industry standards and regulations.
Shareholders of Orion would probably like to forget the past six months even happened. The stock dropped 28.9% and now trades at $7.28. This may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the construction and maintenance services industry, including Orion (NYSEORN) and its peers.
Let’s dig into the relative performance of Matrix Service (NASDAQMTRX) and its peers as we unravel the now-completed Q3 construction and maintenance services earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction and maintenance services stocks, including MYR Group (NASDAQMYRG) and its peers.
HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (“Orion” and “Company”), a leading specialty construction and engineering company today announced three contract awards, two in its Marine segment and one in its Concrete segment. Each of these projects is expected to start in 2025 and will be completed within 20 months.
HOUSTON, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today announced that its management team will participate in the following upcoming conferences:
Dredging and coastal protection company Great Lakes Dredge & Dock (NASDAQGLDD)
will be reporting earnings tomorrow morning. Here’s what investors should know.
Shares of marine infrastructure company Orion (NYSEORN)
jumped 19.5% in the afternoon session after the company reported third quarter results that blew past analysts' EPS expectations. Its EBITDA also outperformed Wall Street's estimates. The performance reflected anticipations of improved momentum in the back half of the year, following key projects, including the Pearl Harbor and Grand Bahama Shipyard Dry Dock. Adding to the positive, the company continued to observe strong demand for its specialty marine and concrete services in both the government and private sector. On the other hand, its revenue missed. Overall, we think this was a strong quarter.
Marine infrastructure company Orion (NYSEORN) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 34.5% year on year to $226.7 million. Its GAAP profit of $0.12 per share was 227% above analysts’ consensus estimates.
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2024.
DENVER, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Forge Nano, Inc., a materials science company that uses its Atomic Armor™ Atomic Layer Deposition technology to optimize material performance to enable better products, today announced a $10M investment from GM Ventures, the venture arm of General Motors (NYSEGM). The investment adds to its previous $50 million Series C with participation from Hanwha (KRX: 000880), Orion Infrastructure Capital NYSE: ORNNYSEORN)
HOUSTON, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today announced that Orion management will participate in D.A. Davidson’s 23rd Annual Diversified Industrials & Services Conference. The Conference will take place on September 19-20, 2024, in Nashville, Tennessee.
HOUSTON, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (“Orion” or the “Company”), a leading specialty construction company, today announced that it has priced its previously announced underwritten public offering of 4,860,000 shares of its common stock at a public offering price of $5.15 per share. Orion expects the gross proceeds from this offering to be approximately $25.0 million, before deducting the underwriting discount and other estimated offering expenses. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes, which may include repayment of indebtedness under its credit agreement. In connection with the offering, Orion has granted the underwriters a 30-day option to purchase up to 729,000 additional shares of its common stock at the public offering price, less the underwriting discount. The Company expects to close the offering, subject to customary conditions, on or about September 12, 2024.
