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Stock impact report

Orion Group Holdings Reports Third Quarter 2024 Results

Orion Group Holdings, Inc. Common (ORN) 
Last orion group holdings, inc. common earnings: 4/29 04:04 pm Check Earnings Report
Company Research Source: GlobeNewswire
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 Commentary “I am pleased to report that our team delivered a strong third quarter, including 35% contract revenue growth, 62% Adjusted EBITDA growth, and cash flow from operations of $35.2 million. In the beginning of the year, we said that we expected momentum to pick up in the back half of the year and Show less Read more
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