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Jun 30, 2024
Orion Group Q2 2024 Earnings Report
Second quarter results reported with revenue of $192.2 million and Adjusted EBITDA of $5.5 million.
Key Takeaways
Orion Group Holdings reported second-quarter results with revenue of $192.2 million and an adjusted EBITDA of $5.5 million. Despite logistical setbacks with two large projects, the company is on track for a strong second half. However, due to these delays, the company is lowering its annual guidance to a revenue range of $850 million to $900 million and an Adjusted EBITDA range of $40 million to $45 million.
Contract revenues of $192.2 million
GAAP net loss of $6.6 million or $0.20 per diluted share
Adjusted net loss of $5.2 million or $0.16 per diluted share
Adjusted EBITDA of $5.5 million
Revenue by Segment
Forward Guidance
Orion Group Holdings is lowering its annual guidance to a revenue range of $850 million to $900 million and an Adjusted EBITDA range of $40 million to $45 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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