Orion Marine Group (ORN) Tops Q3 EPS by 2c; Approves $40M Buyback

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Go back to Orion Marine Group (ORN) Tops Q3 EPS by 2c; Approves $40M Buyback

Orion Marine Group, Inc. Reports Third Quarter 2014 Results; Announces Share Repurchase Program

October 30, 2014 5:00 AM EDT

HOUSTON, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (NYSE: ORN) (the "Company"), a heavy civil marine contractor, today reported net income for the three months ended September 30, 2014, of $3.0 million ($0.11 diluted earnings per share). These results compare to a net loss of $0.9 million ($0.03 diluted loss per share) for the same period a year ago.

"As expected, the effects from higher asset utilization and solid project execution resulted in profitable third quarter and year to date results," said Mark Stauffer, Orion Marine Group's President. "Sequential and year over year improvements in our quarterly revenue,... More