secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001402829-22-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282922000052/0001402829-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282922000052/orn-20221026x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-22-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer