Orion Marine Group (ORN) Misses Q2 EPS by 4c

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Go back to Orion Marine Group (ORN) Misses Q2 EPS by 4c

Orion Marine Group, Inc. Reports Second Quarter 2015 Results; Acquisition of TAS Commercial Concrete; Announces New Credit Facility

August 6, 2015 5:00 AM EDT

HOUSTON, Aug. 06, 2015 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (NYSE: ORN) (the Company), a leading construction company, today reported net loss for the three months ended June 30, 2015, of $1.8 million ($0.07 diluted loss per share).  These results compare to a net loss of $1.2 million ($0.04 diluted loss per share) for the same period a year ago.

"As expected, inconsistent lettings by the Army Corps of Engineers led to underutilized equipment in the second quarter, said Mark Stauffer, Orion Marine Group's President and Chief Executive Officer.  "Additionally, Texas experienced what was the wettest three months... More