Orion Marine Group (ORN) Tops Q2 EPS by 4c, Revenues Beat

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Orion Group Holdings, Inc. Reports Second Quarter 2020 Results

July 29, 2020 4:05 PM EDT

HOUSTON--(BUSINESS WIRE)-- Orion Group Holdings, Inc. (NYSE: ORN) (the Company), a leading specialty construction company, today reported net income of $2.0 million ($0.07 diluted earnings per share) for the second quarter ended June 30, 2020. Second quarter highlights are discussed below.

Second Quarter 2020 Highlights

Contract revenues were $183.7 million, up 10.7% from $166.0 million for the second quarter of 2019. Operating income was $4.1 million for the second quarter of 2020 compared to operating loss of $0.4 million for the second quarter of 2019. Net income was $2.0 million ($0.07 diluted earnings per share) for the second... More