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 Group Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- Orion Group Holdings, Inc. (NYSE: ORN) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Orion Group Holdings Reports Third Quarter 2024 ResultsGlobeNewswire
- ORION MINE FINANCE PROVIDES UPDATE ON ITS BENEFICIAL OWNERSHIP OF COMMON SHARES OF SANDSTORM GOLD LTD. [Yahoo! Finance]Yahoo! Finance
- Orion Group Holdings to Report Third Quarter 2024 Financial Results on Wednesday, October 30GlobeNewswire
ORN
Earnings
- 10/30/24 - Beat
ORN
Sec Filings
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/30/24 - Form SC
- ORN's page on the SEC website