secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001402829-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282924000011/0001402829-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282924000011/orn-20240228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-24-000011

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