Orion Group Holdings Inc   (ORN)
Other Ticker:  
    Sector  Capital Goods    Industry Construction Services
Price: $10.2100 $0.16 1.592%
Day's High: $10.36 Week Perf: -0.68 %
Day's Low: $ 9.92 30 Day Perf: 9.2 %
Volume (M): 274 52 Wk High: $ 11.00
Volume (M$): $ 2,800 52 Wk Avg: $5.80
Open: $10.01 52 Wk Low: $2.41

 Market Capitalization (Millions $) 332
 Shares Outstanding (Millions) 33
 Employees 1,200
 Revenues (TTM) (Millions $) 670
 Net Income (TTM) (Millions $) -20
 Cash Flow (TTM) (Millions $) -26
 Capital Exp. (TTM) (Millions $) 9

Orion Group Holdings Inc
We are a leading heavy civil construction project management business, specializing in marine construction. We provide a broad range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

We are headquartered in Houston, Texas, and provide our heavy civil marine construction services on, over and under the water in the continental United States (U.S.), Alaska, Canada, and the Caribbean Basin.

We provide heavy civil marine construction services through projects that are obtained primarily through a competitive bid or negotiated contract process. Our projects have similar cost structures, including labor, equipment, materials and subcontractors. Our workforce is standard across our business and includes pile drivers, equipment operators, carpenters, welders, barge crews, dredge crews, supervisors and project managers. This allows our core resources of assets and individuals to be deployed interchangeably to our projects. For example, crews and equipment deployed to a dock construction project may be redeployed to a bridge construction project and to a marsh creation project after that. This allows us to deploy our resources based on availability across our business. Similarly, basic materials such as concrete and steel are used in our projects, which provides us with similar costs across our business. Additionally, we self-perform most of our projects, which limits our use of subcontractors.

We execute our projects in a similar fashion with a centralized estimating, project controls and management group, and the risks and rewards of project performance are not affected by the location of the specific project, but on our ability to compete on pricing and execute within our estimated costs. Because our core resources may be deployed to various types of marine construction projects, we have developed a centralized philosophy for operating our business. We utilize the same technology across our business, including estimating and cost control applications.

Our methods used to provide our services is similar. Our assets and labor force are often interchangeable within the various types of marine construction projects. This provides us with the flexibility to manage our business as one operating unit deploying resources based on availability across our business.

We have the same customers with similar funding drivers and market demands across our entire business. Our business-wide customers include the U.S. Army Corps of Engineers, U.S. Navy, U.S. Coast Guard, state transportation departments, local port authorities and private customers such as petrochemical terminal operators, private terminal operators and recreational waterside facilities. We consider funding availability to be similar across our business, particularly in the form of governmental budgeting (federal, state and local) and capital expenditure and maintenance and repair spending by private customers.

Our business is primarily driven by macro-economic considerations including increases in import/export seaborne transportation, development of energy related infrastructure, recreational waterside expansion and operations, marine bridge infrastructure development, waterway pipeline crossings and the maintenance of our nation’s waterways. These macro drivers are key catalysts for future prospects for work and are similar across our entire business.

Across our business, we comply with macro environmental regulatory environments driven by federal agencies such as the U.S. Army Corps of Engineers, U.S. Fish and Wildlife Service, U.S. Environmental Protection Agency and the U.S. Occupational Safety and Health Administration, as well as others.

We believe that our business is driven by similar economic characteristics across our operating environment, including gross margins and other metrics. In addition, the types of information and internal reports used by our chief operating decision maker (the “CODM”) are similar across our business.

   Company Address: 12000 Aerospace Avenue Houston 77034 TX
   Company Phone Number: 852-6500   Stock Exchange / Ticker: NYSE ORN


Stock Performances by Major Competitors

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Management Announcement

Orion Group Holdings: Paving the Way to Success in the Specialty Construction Landscape

Published Tue, May 28 2024 11:01 AM UTC

Orion Group Holdings: The Rise of a Specialty Construction Powerhouse
Houston, May 28, 2024 - Orion Group Holdings, Inc. (NYSE: ORN) is making headlines in the construction industry once again, as it prepares to join the renowned Russell 3000 Index. With this announcement, Orion cements its position as a leading specialty construction company, propelling itself onto the ...


Orion Group Holdings Awarded $80 Million Contract for Crucial Port Everglades Bulkhead Replacement Project

Published Thu, May 9 2024 8:05 PM UTC

Orion Group Holdings Secures $80 Million Contract for Port Everglades Bulkhead Replacement ProjectHOUSTON, May 09, 2024 - Orion Group Holdings, a leading specialty construction company, has announced a significant contract award valued at nearly $80 million for its Marine construction business. This contract has been granted by Port Everglades Seaport Engineering & Construct...

Orion Group Holdings Inc

Orion Group Holdings Inc experiences a significant drop, reporting negative returns of $-0.02 during Q3 2023

Lower demand and dwindling revenue have resulted in a greater shortfall for Orion Group Holdings Inc in the third quarter of 2023. The company reported a shortfall per stock at $-0.02 per share, while revenue fell by -7.968% to $168.07 million, year on year. This is a significant decline compared to the previous financial reporting period, where the company realized revenue of $182.53 million and a bottom line of $-0.01 per share.
Additionally, Orion Group Holdings Inc logged a net shortfall of $-0.660 million in the third quarter of 2023, instead of zero gain in the corresponding financial reporting period a year before. This indicates a worsening financial performance for the company.
One notable factor contributing to the company's challenges is the build-up in inventories. The level of inventories and supplies has increased to $2.9 million, higher than both the preceding quarter and the corresponding quarter a year ago. This suggests a lower demand for Orion Group Holdings Inc's products and services.

Orion Group Holdings Inc

Orion Group Holdings Inc Reports Significant Reduction in Losses for Q2 2023 Amidst Industry-Wide Revenue Growth

Orion Group Holdings Inc, a leading construction services company, has recently released its financial results for the April to June 30, 2023 interval. The company showcased positive developments, including a decrease in losses per share, improved earnings per share, and a sequential increase in revenue. Let's delve deeper into the financial results to gain a better understanding of the company's performance.
Financial Analysis:
During the specified interval, Orion Group Holdings Inc managed to reduce its loss per share from $-0.10 to $-0.01 compared to the same quarter last year. This positive trend was also observed sequentially, with the preceding quarter recording earnings per share of $-0.39, making an impressive improvement.

Orion Group Holdings Inc

The Diminishing Returns have enlarged at ORN in the first quarter of 2023 earnings season

Houston-based Orion Group Holdings Inc has reported a cumulative net loss of $-20 million over the course of 12 months ending in the first quarter of 2023, resulting in a negative return on investment (ROI) of -11.46%. This is concerning news for investors who may be disappointed with the downturn in the company?s performance.
In the Capital Goods sector, Orion?s ROI ranking has deteriorated significantly, falling from 0 in the previous quarter to 3118. This puts the company in a not-so-favorable position, especially when compared to the 182 other companies in the same sector that have reported higher returns on investment.


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