Orion Marine Group (ORN) Reports In-Line Q3 EPS, Revenues Beat
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Orion Group Holdings, Inc. Reports Third Quarter 2020 Results
October 28, 2020 4:05 PM EDTHOUSTON--(BUSINESS WIRE)-- Orion Group Holdings, Inc. (NYSE: ORN) (the Company), a leading specialty construction company, today reported net income of $11.8 million ($0.39 diluted earnings per share) for the third quarter ended September 30, 2020. Third quarter highlights are discussed below.
Third Quarter 2020 Highlights
Contract revenues were $189.4 million, down 5.0% from $199.5 million for the third quarter of 2019. Operating income was $13.1 million for the third quarter of 2020 compared to operating income of $6.1 million for the third quarter of 2019. Net income was $11.8 million ($0.39 diluted earnings per share) for the third... More