Orion Group Holdings, Inc. Reports First Quarter 2020 Results
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Orion Marine Group (ORN) Reports In-Line Q1 EPS, Revenues Beat
April 29, 2020 4:49 PM EDTOrion Marine Group (NYSE: ORN) reported Q1 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $166 million versus the consensus estimate of $157.97 million.
First Quarter 2020 Highlights
Contract revenues were $166.6 million, up 16.4% from $143.1 million for the first quarter of 2019.Operating income was $4.4 million for the first quarter of 2020 compared to operating loss of $6.2 million for the first quarter of 2019.Net income was $2.7 million ($0.09 diluted earnings per share) for the first quarter of 2020 compared to net loss of $7.9 million ($0.27 diluted loss per share) for the first quarter of... More