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Orion Group Holdings (ORN)
NYSE:ORN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
-0.13Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 47.23%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue and EBITDA growth, strong contract wins, and improved cash flow and safety performance. However, there were challenges with backlog decrease and project delays. Despite these issues, the positive aspects, such as substantial financial improvement and safety achievements, outweighed the negatives.Company Guidance
During the Orion Group Holdings Third Quarter 2024 Earnings Call, the management shared several key metrics and insights. The company reported a total revenue of $226.7 million, marking a 35% increase compared to the previous year, and an adjusted EBITDA of $15.2 million, which is a 62% improvement year-over-year. They also noted a substantial rise in cash flow from operations, generating $35.2 million in the third quarter. The backlog stood at $690.5 million, with $537 million in the Marine segment and $153.5 million in the Concrete segment. Orion is targeting an annual revenue range of $850 million to $900 million for 2024 and adjusted EBITDA between $40 million and $45 million, significantly surpassing the $24 million reported in 2023. The company is investing in equipment and personnel to capture growing market opportunities, particularly in the data center sector, where they have completed or are working on 29 projects. They also highlighted their commitment to safety with a total recordable incident rate of 0.70, well below the industry average of 2.40.Significant Revenue Growth
Total revenue increased by 35% year-over-year to $226.7 million, driven by the ramp-up of the Pearl Harbor and Grand Bahama projects and the start of new projects.
Substantial EBITDA Improvement
Adjusted EBITDA was $15.2 million for Q3 2024, representing a 62% improvement year-over-year.
Strong Contract Wins
Won $116 million in new contract awards in October, with notable projects in Marine and Concrete segments.
Industry Safety Awards
Received several industry safety awards, including the Florida Transportation Builders Association Safety Excellence Award and the Liberty Mutual Insurance Company Gold Safety Award.
Robust Cash Flow and Improved Balance Sheet
Generated $35.2 million of cash flow from operations in Q3, significantly improving the liquidity position.
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ORN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ORN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $5.42 | $6.11 | +12.73% |
| Jul 24, 2024 | $11.04 | $7.91 | -28.35% |
| Apr 24, 2024 | $7.96 | $7.34 | -7.79% |
| Feb 28, 2024 | $6.92 | $5.99 | -13.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Orion Group Holdings (ORN) report earnings?
Orion Group Holdings (ORN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Orion Group Holdings (ORN) earnings time?
Orion Group Holdings (ORN) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ORN EPS forecast?
ORN EPS forecast for the fiscal quarter 2024 (Q4) is 0.19.
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