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May 11, 2021 By John Shoulberg Orion Group Holdings Inc. reported net income of $0.9 million for the first quarter of 2021, compared to net income of $2.7 million for the first quarter of 2020. Headquartered in Houston, Texas, Orion Group Holdings is a specialty construction company serving the infrastructure, industrial and building sectors. Its marine segment provides construction and dredging services related to marine transportation facility construction; marine pipeline construction; marine environmental structures; dredging of waterways, channels and ports; and specialty services. Its concrete segment provides turnkey concrete construction services across the light commercial, structural and other associated business areas. In its April 28 report, the company noted that its adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the first quarter was $9.5 million, d ....
10 Construction Stocks Under $10 In this article we will take a look at the 10 construction stocks under $10. You can skip our detailed analysis of the construction industry’s outlook for 2021 and some of the major growth catalysts for construction companies and go directly to the The global construction industry is growing at a positive rate and is expected to reach an estimated value of $10.5 trillion by 2023. The forecasted growth rate for the market is approximately 4.2% from 2018 to 2023 according to Research and Markets. The factors that are driving this growth include population increases in developing countries, necessary upgradation of infrastructure in developed economies, the growing trend towards increased residential development, and investment in renewable energy and telecommunication sectors. President Biden’s ambitious infrastructure plan is also set to boost some notable construction stocks in 2021 and beyond. ....
ORN results in line with expectations April 29, 2021, posted by Zlatan Hrvacevic Orion Group Holdings, Inc. (ORN), one of the leading dredging companies in the US, yesterday reported net income of $0.9 million for the first quarter ended March 31, 2021. According to Mark Stauffer, Orion’s Chief Executive Officer, the results for the first quarter were in-line with the company’s expectations. “First quarter results reflect the impact of the historic winter storm that affected our Texas operations, causing work on Texas projects in both segments, including for dredging projects, to stop for up to ten days. This reduced revenue for the quarter by approximately $8.2 million and lowered earnings per share by approximately $0.03.” ....
March 1, 2021 By Waterways Journal Orion Group Holdings Inc. reported net income of $3.7 million, or 12 cents diluted earnings per share, for the fourth quarter of 2020. That compares to $0.2 million, or 1 cent per share, for the same quarter a year ago. Operating income was $5.1 million for the fourth quarter of 2020, compared to operating income of $2.7 million for the fourth quarter of 2019. The fourth quarter 2020 net income included $0.6 million of non-recurring items and $0.7 million of tax benefit associated with the movement of certain valuation allowances, the company said in the February 24 announcement. Fourth quarter 2020 adjusted net income was $3.5 million, or 12 cents diluted earnings per share. ....