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Stock impact report

A Look Back at Construction and Maintenance Services Stocks' Q2 Earnings: Orion (NYSE:ORN) Vs The Rest Of The Pack [Yahoo! Finance]

Orion Group Holdings, Inc. Common (ORN) 
Last orion group holdings, inc. common earnings: 4/29 04:04 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years–. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies' offerings. The 13 construction and maintenance services stocks we track reported a mixed Q2. As a group, revenues missed analysts' consensus estimates by 1% while next quarter's revenue guidance was 2% below. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This mar Show less Read more
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