Orion Group Holdings, Inc. Reports Second Quarter 2021 Results

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Orion Marine Group (ORN) Tops Q2 EPS by 3c

July 28, 2021 4:53 PM EDT

Orion Marine Group (NYSE: ORN) reported Q2 EPS of $0.11, $0.03 better than the analyst estimate of $0.08.

During the second quarter we closed on the sale of our Tampa property further strengthening our balance sheet and enhancing our liquidity, stated Mark Stauffer, Orions Chief Executive Officer. The gain on the sale is included in our results for the second quarter, which were also impacted by inordinately wet weather in our key operating geographies, which affected both business segments, but predominantly our concrete business.

Our concrete segments production was hampered during the quarter by wet... More