Orion Q3 revenue $168.5M, net loss $0.7M, backlog $877.5M up 60% YoY

Orion Group Holdings Inc

2023-Q3 EPS reported -$0.42 revenue$510,184,000

Contract revenues of $168.5M, down 7.7% YoY; net loss $0.7M ($0.02/share) vs net income $0.2M in Q3 2022.
Adjusted net income $0.8M ($0.02/share); Adjusted EBITDA $9.4M (5.6% margin), up from $8.8M (4.8%) in Q3 2022.
Backlog $877.5M at Sep 30, 2023, up 60% from $548.6M a year ago, driven by Marine segment ($699.9M).
Signed contract >$100M with Grand Bahama Shipyard for dry dock replacement; other awards totaling ~$121M.
Concrete business profitable on unconsolidated operating income basis; CEO sees continued margin improvement.

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 third quarter ended September 30, 2023 results: revenue $168.5 million, net income $0.7 million or $0.02 per diluted share, EPS $0.02 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $168.5 million
Net income: $0.7 million or $0.02 per diluted share
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

company, today reported its financial results for the third quarter ended September 30, 2023. Highlights for the quarter ended September 30, 2023: ● Contract revenues of $168.5 million ● GAAP net loss was $0.7 million or $0.02 per diluted share ● Adjusted net income was $0.8 million or $0.02 per diluted share ● Adjusted EBITDA was $9.4 million ● Signed contract

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Source: SEC EDGAR

accession 0001402829-23-000054

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