Orion Group swung to a net loss as Marine project delays crushed profitability, but the Concrete segment's 30% revenue surge and 45% EBITDA jump shows where the real momentum lives. The EPS miss of 68% forced the company to slash full-year profit guidance despite holding its revenue forecast steady.
Orion Group Holdings :
ORN
ORN
Stock Data
$9.68
$0.25 (2.52%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
ENGINEERING & CONSTRUCTION
Orion Group Holdings, Inc. is a specialty construction firm with a focus on the building, industrial, and infrastructure sectors primarily in the U.S., Canada, and the Caribbean Basin. It specializes in marine construction services like the building and repair of marine transportation facilities, dredging, and environmental structures. Additionally, Orion handles marine pipeline projects and the construction and maintenance of bridges and causeways. Beyond marine services, it offers concrete pouring for various construction needs. Founded in 1994, Orion is based in Houston, Texas, showcasing a broad portfolio of construction expertise.
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