Orion Marine Group (ORN) Tops Q4 EPS by 11c, Miss on Revenues
Note: EPS may not be comparable
Orion Marine Group (NYSE: ORN) reported Q4 EPS of $0.19, $0.11 better than the analyst estimate of $0.08. Revenue for the quarter came in at $162.21 million versus the consensus estimate of $175.95 million.
“Delivering profitable returns to shareholders remains the key focus for the Company,” stated Mr. Stauffer. “Expansion of our existing and future operations in the infrastructure, industrial, or building sectors should provide further catalysts for EBITDA growth. As we look ahead, we expect to see continued strong demand for our services across the Company. We will continue to focus on delivering high quality projects to our customers with continued expansion of our services across our operating segments and areas. As a result, we expect to see some bottom line improvement in 2018 as compared to 2017. This bottom line improvement should expand more significantly in 2019 and beyond as our expansion plans become fully developed. While the past couple of years have been choppy, we believe we have developed a strong go forward strategy that will result in continued bottom line improvement, with more consistent earnings and higher free cash flow returns. We remain excited about the future and believe we have solid fundamentals for continued success.”
For earnings history and earnings-related data on Orion Marine Group (ORN) click here.