Orion Marine Group (ORN) Tops Q4 EPS by 3c

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Orion Group Holdings, Inc. Reports Adjusted Fourth Quarter and Full Year 2016 Results

March 9, 2017 5:00 AM EST

HOUSTON, March 09, 2017 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the Company), a leading specialty construction company, today reported a net loss for the three months ended December 31, 2016, of $6.3 million ($0.23 diluted loss per share).  These results compare to net income of $1.4 million ($0.06 diluted earnings per share) for the same period a year ago.  Excluding one-time charges related to the accounting treatment of a specific contract with significant, highly unusual differing site conditions and net operating loss (NOL) valuation allowances, adjusted net income for the fourth quarter 2016 was $2.5 million ($0.09 diluted earnings per... More