Orion Group Holdings, Inc. operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures. Its marine transportation facility projects comprise public port facilities, cruise ship port facilities, private terminals, special-use navy terminals, recreational use marinas and docks, and other marine-based facilities. The company also offers on-going maintenance and repair, inspection, emergency repair, and demolition and salvage services to marine transportation facilities. Its marine pipeline service projects include the installation and removal of underwater buried pipeline transmission lines; the installation of pipeline intakes and outfalls for industrial facilities; the construction of pipeline outfalls for wastewater and industrial discharges; river crossing and directional drilling; the creation of hot taps and tie-ins; and inspection, maintenance, and repair services. The company's bridge and causeway projects include the construction, repair, and maintenance of overwater bridges and causeways, as well as the development of fendering systems in marine environments; and marine environmental structures used for erosion control, wetlands creation, and environmental remediation. The company also provides specialty services, such as design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair services. In addition, it offers light commercial, structural, and other concrete construction services. Orion Group Holdings, Inc. was founded in 1994 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: oriongroupholdingsinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/14/2024 | $14.00 | Buy | Craig Hallum |
| 7/28/2023 | $5.00 → $3.00 | Neutral → Buy | B. Riley Securities |
| 3/4/2022 | $4.50 → $3.50 | Neutral | B. Riley Securities |
| 7/30/2021 | $7.50 → $5.50 | Buy → Neutral | B. Riley Securities |
| 7/30/2021 | Buy → Neutral | B. Riley Securities |
10-Q - Orion Group Holdings Inc (0001402829) (Filer)
8-K - Orion Group Holdings Inc (0001402829) (Filer)
8-K - Orion Group Holdings Inc (0001402829) (Filer)
8-K - Orion Group Holdings Inc (0001402829) (Filer)
8-K - Orion Group Holdings Inc (0001402829) (Filer)
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8-K - Orion Group Holdings Inc (0001402829) (Filer)
10-Q - Orion Group Holdings Inc (0001402829) (Filer)
8-K - Orion Group Holdings Inc (0001402829) (Filer)
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HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("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. Orion Marine was awarded a significant $88 million contract by South Carolina State Ports Authority in a competitive bid process. The project is for the Hugh K. Leatherman Terminal Wharf Extension at the Port of Charleston and Orion will self-perform the construction of 1,600 linear feet of concrete pile-supported wharf as a northward exten
HOUSTON, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced that its management team will participate in the following upcoming conferences: Craig-Hallum 15th Annual Alpha Select Investor Conference – November 19, 2024, New York, New YorkRoth 13th Annual Deer Valley Event – December 12-13, 2024, Park City, Utah About Orion Group Holdings Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin thro
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2024. Highlights for the quarter ended September 30, 2024: Contract revenues of $226.7 millionGAAP net income of $4.3 million or $0.12 per diluted shareAdjusted net income of $5.6 million or $0.16 per diluted shareAdjusted EBITDA of $15.2 millionCash flow from operations of $35.2 millionBacklog and contracted or awarded subsequent to quarter end totaled $806.7 million See definitions and reconciliation of non-GAAP measures elsewhere in this release. Management Commentar
Capital investment into Forge Nano now exceeds $100M; GM joins VW, LG, Hanwha and Mitsui Kinzoku as shareholdersGM plans to utilize Forge Nano's Atomic Armor surface engineering platform technology to pursue battery cathode material enhancements 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 (NYSE:GM). The investment adds to its previous $50 million Series C with participation from Hanwha (KRX: 000880), Orion Infrastructure Capital (NYSE:ORN),
HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Orion", "Company"), a leading specialty construction company, today announced that it will issue its third quarter 2024 financial results after the close of the stock market on Wednesday, October 30, 2024. A conference call and audio webcast with analysts and investors will be held the next day, Thursday, October 31, at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 844-481-2994Live and archived webcast: Orion Group Holdings, Inc. - Investor Relations & Shareholder Contact (oriongroupholdingsinc.com) About Orion Group Holdings, Inc. Orion
HOUSTON, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (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. About Orion Group Holdings Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin through its marine segment and its concrete segment. The C
HOUSTON, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("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
HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Orion" or the "Company"), a leading specialty construction company, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. In connection with the offering, Orion also expects to grant the underwriter a 30-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the final size or terms of the offering. The Company intends to use the net proceeds from this offering for working capital
HOUSTON, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Orion" or the "Company"), a leading specialty construction company, announced today that its executive leadership team rang The Opening Bell® on the New York Stock Exchange ("NYSE") to mark its 15th anniversary as a listed company. In addition, the Company is also celebrating its 30th anniversary. "Today was a special day for the entire Orion team, and it was an honor to ring the opening bell to mark our 15th anniversary as a listed stock on the NYSE and to celebrate our 30th anniversary as a company," said Travis Boone, Chief Executive Officer of Orion Group Holdings. "Our Company has a long legacy t
HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the second quarter ended June 30, 2024. Highlights for the quarter ended June 30, 2024: Contract revenues of $192.2 millionGAAP net loss of $6.6 million or $0.20 per diluted shareAdjusted net loss of $5.2 million or $0.16 per diluted shareAdjusted EBITDA of $5.5 millionBacklog and contracts awarded subsequent to quarter end totaled $876.3 million See definitions and reconciliation of non-GAAP measures elsewhere in this release. Management Commentary "In the second quarter, we generated revenue of $192.2 mi
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HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2024. Highlights for the quarter ended September 30, 2024: Contract revenues of $226.7 millionGAAP net income of $4.3 million or $0.12 per diluted shareAdjusted net income of $5.6 million or $0.16 per diluted shareAdjusted EBITDA of $15.2 millionCash flow from operations of $35.2 millionBacklog and contracted or awarded subsequent to quarter end totaled $806.7 million See definitions and reconciliation of non-GAAP measures elsewhere in this release. Management Commentar
HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Orion", "Company"), a leading specialty construction company, today announced that it will issue its third quarter 2024 financial results after the close of the stock market on Wednesday, October 30, 2024. A conference call and audio webcast with analysts and investors will be held the next day, Thursday, October 31, at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 844-481-2994Live and archived webcast: Orion Group Holdings, Inc. - Investor Relations & Shareholder Contact (oriongroupholdingsinc.com) About Orion Group Holdings, Inc. Orion
HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the second quarter ended June 30, 2024. Highlights for the quarter ended June 30, 2024: Contract revenues of $192.2 millionGAAP net loss of $6.6 million or $0.20 per diluted shareAdjusted net loss of $5.2 million or $0.16 per diluted shareAdjusted EBITDA of $5.5 millionBacklog and contracts awarded subsequent to quarter end totaled $876.3 million See definitions and reconciliation of non-GAAP measures elsewhere in this release. Management Commentary "In the second quarter, we generated revenue of $192.2 mi
HOUSTON, July 08, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Orion", "Company"), a leading specialty construction company, today announced that it will issue its second quarter 2024 financial results after the close of the stock market on Wednesday, July 24, 2024. A conference call and audio webcast with analysts and investors will be held the next day, Thursday, July 25, at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 844-481-2994Live and archived webcast: Orion Group Holdings, Inc. - Investor Relations & Shareholder Contact (oriongroupholdingsinc.com) About Orion Group Holdings, Inc. Orion Group
HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024. Highlights for the quarter ended March 31, 2024: Contract revenues of $160.7 millionGAAP net loss was $6.1 million or $0.19 per diluted shareAdjusted net loss was $4.0 million or $0.12 per diluted shareAdjusted EBITDA was $4.1 millionBacklog and contracts awarded subsequent to quarter end totaled $857 million See definitions and reconciliation of non-GAAP measures elsewhere in this release. Management Commentary "We generated first quarter revenue of $161 million an
HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced that it will issue its first quarter 2024 financial results after the close of the stock market on Wednesday, April 24, 2024. A conference call and audio webcast with analysts and investors will be held the next day, Thursday April 25, at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 844-481-2994Live and archived webcast: Orion Group Holdings, Inc. - Investor Relations & Shareholder Contact (oriongroupholdingsinc.com) About Orion Group Holdings, Inc. Orion G
HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023. Highlights for the quarter ended December 31, 2023: Contract revenues of $201.6 millionGAAP net loss was $4.4 million or $0.13 per diluted shareAdjusted net income was $2.6 million or $0.08 per diluted shareAdjusted EBITDA was $14.8 millionBacklog and contracts awarded subsequent to quarter end totaled $883 million Highlights for the year ended December 31, 2023: Contract revenues of $711.8 millionGAAP net loss was $17.9 million or $0.55 per diluted
HOUSTON, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, February 28, 2024, after the close of the stock market. A conference call and audio webcast with analysts and investors will be held the next day, February 29, at 8:00 a.m. Central Time/9:00 a.m Eastern Time to discuss the results and answer questions. Live conference call: 844-481-2994 Live and archived webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=YsBXYWPw or the Company's website at Orion G
HOUSTON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2023. Highlights for the quarter ended September 30, 2023: Contract revenues of $168.5 millionGAAP net loss was $0.7 million or $0.02 per diluted shareAdjusted net income was $0.8 million or $0.02 per diluted shareAdjusted EBITDA was $9.4 millionSigned contract valued over $100 million with Grand Bahama Shipyard Limited (GBSL) for the turnkey design-build of the Grand Bahama Shipyard Dry Dock Replacement ProjectOther recently awarded new contracts in both the Concrete and
HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced that it will issue its financial results for the third quarter ended September 30, 2023, on Wednesday, October 25, 2023, after the close of the stock market. A conference call and audio webcast with analysts and investors will be held the next day, October 26, at 8:00 a.m. Central Time to discuss the results and answer questions. Live conference call: 800-715-9871 Live and archived webcast: https://edge.media-server.com/mmc/p/7mcj5p43 or the Company's website at Orion Group Holdings, Inc. - Investor Relations & Shareholder Cont
HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell indexes annual reconstitution, effective after the US market opens on July 1, 2024, according to a preliminary list of additions posted May 24, 2024. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Orion" or the "Company"), a leading specialty construction company, announced today that Richard L. Daerr, Jr., who has served as an independent member of the Company's Board of Directors (the "Board") since 2007 and was Chairman of the Board from 2007 to 2020 as well as Lead Independent Director from 2022 to 2023, informed the Company that he has chosen not to stand for re-election and instead retire from the Board effective at the Company's upcoming Annual General Meeting of Stockholders on May 16, 2024. Effective upon Mr. Daerr's retirement, the Board has determined to reduce its size from eight director
HOUSTON, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, announced today the appointment of Edward Chipman ("Chip") Earle as Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary, effective November 27th. Mr. Earle will succeed Executive Vice President Peter R. Buchler, who is retiring from Orion after 15 years of service. Mr. Earle joins Orion from Newpark Resources, Inc. (NYSE:NR), a service provider to the industrial and energy sectors, where he was Vice President - General Counsel, Chief Administrative Officer, Chief Compliance Offi
HOUSTON, March 02, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Company"), a leading specialty construction company, today announced that Austin J. Shanfelter will transition from Executive Chairman to Chairman of the Board of Directors, effective March 2, 2023. Mr. Shanfelter has served on Orion Group's Board of Directors since 2007 and was named Chairman in January 2021. From April to September 2022, he assumed the roles of Interim Chief Executive Officer and Interim Chief Financial Officer until Travis Boone, Chief Executive Officer and Scott Thanisch, Chief Financial Officer were appointed in September 2022. Since then, Mr. Shanfelter served as Executive Chairm
HOUSTON, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced the appointment of Travis J. Boone to the Board of Directors. As previously announced, Mr. Boone, was named President and Chief Executive Officer, effective September 12, 2022. Mr. Boone was appointed to the Board of Directors effective November 17, 2022. Mr. Boone's initial term will expire at the 2023 Annual Meeting of Stockholders, at which time the Nominating and Governance Committee will propose Mr. Boone's election to continue serving as a Class I director, with a term of three years until the 2026 Annual Meeting of Stockholders.
TEMPE, Ariz., July 25, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) (the "Company"), a global leader in innovative public safety technologies and services, today announced the appointment of Chris DeAlmeida to be the company's new Chief Financial Officer (CFO). Chris replaces Jim Barnes, who is retiring as CFO. "We are excited to have Chris join the executive leadership team at Wrap as we are making key decisions on our future strategic roadmap," commented Wrap CEO, TJ Kennedy. "Chris brings significant CFO experience as well as Financial Planning and Analysis, Strategic Planning, SEC Compliance, Capital Markets, M & A, Accounting, and Investor Relations experience to ou
New Director Appointed; One Director Announces Retirement Orion Group Holdings, Inc. (NYSE:ORN) (the "Company") a leading specialty construction company, today announced the appointment of Quentin P. Smith, Jr. to the Board of Directors, as well as the retirement of Richard L. Daerr, Jr. as a board member. The Board's appointment of Mr. Smith to the Board of Directors is effective January 21, 2022. His initial term will expire at the 2022 annual meeting of stockholders, at which time the Board will propose Mr. Smith for re-election as a Class II Director to serve until the 2024 annual meeting of stockholders. In addition, Richard L. Daerr, Jr. has announced his retirement from the Board e
Orion Gr Hldgs (NYSE:ORN) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.01) by 1500 percent. This is a 14.29 percent decrease over losses of $(0.14) per share from the same period last year. The company reported quarterly sales of $192.167 million which missed the analyst consensus estimate of $192.786 million by 0.32 percent. This is a 5.28 percent increase over sales of $182.534 million the same period last year.
-SEC Filing
U.S. stock futures were lower this morning, with the Dow futures falling around 250 points on Friday. Shares of RH (NYSE:RH) fell sharply in today's pre-market trading after the company reported mixed first-quarter financial results. RH reported quarterly losses of 40 cents per share which missed the analyst consensus estimate of losses of 12 cents per share. Quarterly sales came in at $726.96 million which beat the analyst consensus estimate of $724.7 million, according to data from Benzinga Pro. RH shares dipped 11.6% to $244.97 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. Rezolute, Inc. (NASDAQ:RZLT) shares fell 19
B. Riley Securities analyst Alex Rygiel maintains Orion Gr Hldgs (NYSE:ORN) with a Buy and raises the price target from $9.5 to $12.5.
Craig-Hallum analyst Aaron Spychalla initiates coverage on Orion Gr Hldgs (NYSE:ORN) with a Buy rating and announces Price Target of $14.
Gainers Orion Group Hldgs (NYSE:ORN) stock increased by 12.8% to $8.65 during Friday's regular session. The company's market cap stands at $284.2 million. Recruiter.Com Group (NASDAQ:RCRT) stock moved upwards by 11.23% to $1.56. The company's market cap stands at $2.2 million. Safe & Green Holdings (NASDAQ:SGBX) shares increased by 11.15% to $5.08. The company's market cap stands at $4.6 million. Shengfeng Development (NASDAQ:SFWL) shares increased by 11.11% to $2.0. The company's market cap stands at $164.9 million. NuScale Power (NYSE:SMR) shares increased by 9.89% to $6.44. The company's market cap stands at $558.7 million. The company's, Q1 earnings came out yesterday. ZIM Integrat
Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced a significant contract award valued at nearly $80 million for its Marine construction business. The contract was awarded by Port Everglades Seaport Engineering & Construction Division through Moss Construction as Managing General Contractor for the Port Everglades Bulkhead Replacement Project – Group 1, a pivotal infrastructure upgrade at one of the nation's busiest ports. Orion has supported Port Everglades and worked with Moss successfully on previous projects. Orion Group Holdings won the Port Everglades Bulkhead Replacement Project award through a competitive bid process. The
Shares of Caterpillar Inc. (NYSE:CAT) fell sharply during Thursday's session after the company reported better-than-expected first-quarter EPS but missed revenue estimates. Caterpillar reported a first-quarter fiscal 2024 revenue of $15.8 billion, a slight decrease of 0.4% year-over-year, missing the consensus of $16.216 billion. CAT's adjusted earnings of $5.60 per share, compared to $4.91 a year ago, topped the consensus of $5.14, according to data from Benzinga Pro. Caterpillar shares dipped 6.6% to $339.37 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Barfresh Food Group, Inc. (NASDAQ:BRFH) surged 87.2% to $2.05. Safe & Green Holdin
Craig Hallum initiated coverage of Orion Group with a rating of Buy and set a new price target of $14.00
B. Riley Securities upgraded Orion Group from Neutral to Buy and set a new price target of $3.00 from $5.00 previously
B. Riley Securities reiterated coverage of Orion Gr Hldgs with a rating of Neutral and set a new price target of $3.50 from $4.50 previously
B. Riley Securities downgraded Orion Group from Buy to Neutral and set a new price target of $5.50 from $7.50 previously
B. Riley Securities downgraded Orion Group from Buy to Neutral