Orion Q3 net income $0.2M (EPS $0.01) vs loss last year; revenue up 30.5% to $182.6M

Orion Group Holdings Inc

2022-Q3 EPS reported -$0.25 revenue$552,127,000

Net income of $0.2M ($0.01 diluted EPS) vs net loss of $10.2M ($0.33 loss) in Q3 2021.
Revenue rose 30.5% to $182.6M; gross profit margin improved to 7.4% from 4.7%.
Signed $10.5M sale-leaseback of Port Lavaca property expected to close Dec 2022.
Backlog $548.6M; new contract awards of $128M in quarter.
Adjusted net income $0.8M ($0.02 diluted EPS) and adjusted EBITDA $8.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Orion Group Holdings Inc reported the fiscal quarter ended September 30, 2022 results: revenue $182.6 million, net income $0.2 million, EPS $0.01 diluted earnings per share.

Period: the fiscal quarter ended September 30, 2022
Revenue: $182.6 million
Net income: $0.2 million
EPS: $0.01 diluted earnings per share
Result: reported results

Exact text from the filing

along with strong project delivery, as we pursue profitable growth.” 1 Consolidated Results for Third Quarter 2022 Compared to Third Quarter 2021 ● Contract revenues were $182.6 million, an increase of $42.7 million or 30.5% as compared to $139.9 million. The increase was primarily driven by the start of large jobs awarded in the fourth quarter of 2021 in the

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Source: SEC EDGAR

accession 0001402829-22-000052

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