Orion Group Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 08, 2023 at 06:02 pm EDT
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Orion Group Holdings, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 159.17 million compared to USD 174.93 million a year ago. Net loss was USD 12.6 million compared to USD 4.86 million a year ago.
Basic loss per share from continuing operations was USD 0.39 compared to USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to USD 0.16 a year ago.
Orion Group Holdings, Inc. is a specialty construction company that serves the infrastructure, industrial, and building sectors. The Company provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin. It operates through two segments: marine and concrete. The marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. The concrete segment provides turnkey concrete construction services, including place and finish, site prep, layout, forming, and rebar placement for large commercial, structural, and other associated business areas. The Company's specialty services include design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair.