Orion Group Q4 2023: revenues $201.6M, adjusted EBITDA $14.8M, backlog $762M

Orion Group Holdings Inc

2023-FY EPS reported -$0.55 revenue$711,778,000

Q4 contract revenues $201.6M (+2.8% YoY); gross profit margin improved to 11.4% from 5.2%.
GAAP net loss $4.4M ($0.13/diluted share); adjusted net income $2.6M ($0.08/share).
Full year 2023 revenues $711.8M; GAAP net loss $17.9M ($0.55/diluted share).
Backlog $762.2M at Dec 31, 2023, plus $121M awarded post-quarter; Marine $602.5M, Concrete $159.7M.
Entered contract to sell East West Jones properties for $34M, expected close Q2 2024; credit facility amended with lower rates.

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 0.9

Orion Group Holdings Inc reported the fourth quarter and full year ended December 31, 2023 results: revenue $201.6 million, net income ($4.4 million) or ($0.13) per diluted share, EPS ($0.13) per diluted share.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $201.6 million
Net income: ($4.4 million) or ($0.13) per diluted share
EPS: ($0.13) per diluted share
Result: reported results

Exact text from the filing

today reported its financial results for the fourth quarter and full year ended December 31, 2023. Highlights for the quarter ended December 31, 2023: ● Contract revenues of $201.6 million ● GAAP net loss was $4.4 million or $0.13 per diluted share ● Adjusted net income was $2.6 million or $0.08 per diluted share ● Adjusted EBITDA was $14.8 million ● Backlog and

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Source: SEC EDGAR

accession 0001402829-24-000011

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