Orion Marine Group (ORN) Reports In-Line Q1 EPS, Revenues Beat

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Orion Group Holdings, Inc. Reports First Quarter 2020 Results

April 29, 2020 4:04 PM EDT

HOUSTON--(BUSINESS WIRE)-- Orion Group Holdings, Inc. (NYSE: ORN) (the Company), a leading specialty construction company, today reported net income of $2.7 million ($0.09 diluted earnings per share) for the first quarter ended March 31, 2020. First quarter highlights are discussed below.

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... More