Orion Group Holdings Inc is a construction services firm that specializes in providing a wide range of infrastructure and industrial services
The company focuses on delivering solutions in sectors such as marine construction, environmental services, and commercial construction, among others. With a commitment to safety and sustainability, Orion Group works on various projects that contribute to the development and enhancement of critical infrastructure, including bridges, pipelines, and coastal restoration efforts. The organization leverages a skilled workforce and innovative techniques to meet the specific needs of its clients while adhering to industry standards and regulations.
Marine infrastructure company Orion (NYSEORN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 7.6% year on year to $216.9 million. The company’s full-year revenue guidance of $825 million at the midpoint came in 3% below analysts’ estimates. Its non-GAAP profit of $0.16 per share was 12.7% below analysts’ consensus estimates.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy,
and the industry is currently lagging as its six-month return of 4.5% has trailed the S&P 500’s 9% gain.
The heavy construction space has been navigating challenges, such as high interest rates, labor market competition, and rising costs. Despite these factors, the industry's outlook has remained strong. Thus, here are some stocks to keep an eye on.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the construction and maintenance services industry, including Construction Partners (NASDAQROAD) and its peers.
Shareholders of Orion would probably like to forget the past six months even happened. The stock dropped 28.9% and now trades at $7.28. This may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the construction and maintenance services industry, including Orion (NYSEORN) and its peers.
Let’s dig into the relative performance of Matrix Service (NASDAQMTRX) and its peers as we unravel the now-completed Q3 construction and maintenance services earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction and maintenance services stocks, including MYR Group (NASDAQMYRG) and its peers.
Dredging and coastal protection company Great Lakes Dredge & Dock (NASDAQGLDD)
will be reporting earnings tomorrow morning. Here’s what investors should know.
Shares of marine infrastructure company Orion (NYSEORN)
jumped 19.5% in the afternoon session after the company reported third quarter results that blew past analysts' EPS expectations. Its EBITDA also outperformed Wall Street's estimates. The performance reflected anticipations of improved momentum in the back half of the year, following key projects, including the Pearl Harbor and Grand Bahama Shipyard Dry Dock. Adding to the positive, the company continued to observe strong demand for its specialty marine and concrete services in both the government and private sector. On the other hand, its revenue missed. Overall, we think this was a strong quarter.
Marine infrastructure company Orion (NYSEORN) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 34.5% year on year to $226.7 million. Its GAAP profit of $0.12 per share was 227% above analysts’ consensus estimates.
