Rough Waters For Orion Group - Project Delays And Margin Pressures [Seeking Alpha]
Orion Group Holdings, Inc. Common (ORN)
Last orion group holdings, inc. common earnings: 4/29 04:04 pm
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US:NYSE Investor Relations:
oriongroupholdingsinc.com/investor-home.html
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Source: Seeking Alpha
Play 10min Summary Orion has seen a 50% share price decline since July 2023, driven by project delays, lower margins, and a significant revenue drop in the concrete segment. Project delays at Grand Bahama and Pearl Harbor have hurt revenue recognition and margins, with marine segment margins dropping to 1.1% from 3.4% YoY. I remain concerned about Orion's rising net debt, now at $117 million, while free cash flow continues to decline since Q4 2023. Despite the headwinds in Q2, the company has been focusing on restoring margins and improving cash flow. Until I see clear signs of improvement, I maintain a Hold rating. Walter Bibikow/DigitalVision via Getty Images Orion Group Holdings, Inc. ( NYSE: ORN ) has experienced a +50% decline in its share price since July this year. It seems that the shareholder excitement that started in July 2023 has cooled off, leaving investors (particularly contrarians, like This article was written by Deep Value Investing Follower
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News
- Orion Wins $111M Contracts, Strengthens Concrete & Marine Units [Yahoo! Finance]Yahoo! Finance
- Orion Group Holdings Announces Contract Awards Valued at Approximately $111 Million [Yahoo! Finance]Yahoo! Finance
- Orion Group Holdings Announces Contract Awards Valued at Approximately $111 MillionGlobeNewswire
- Orion Group Holdings to Participate in Upcoming Investor ConferencesGlobeNewswire
- Can Orion Marine (ORN) Climb 54.36% to Reach the Level Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
ORN
Earnings
- 10/30/24 - Beat
ORN
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- ORN's page on the SEC website