Loading...
•
Sep 30, 2023
Orion Group Q3 2023 Earnings Report
Orion Group Holdings reported third quarter 2023 results with improved profitability.
Key Takeaways
Orion Group Holdings reported contract revenues of $168.5 million. The GAAP net loss was $0.7 million or $0.02 per diluted share. Adjusted EBITDA was $9.4 million.
Contract revenues were $168.5 million.
GAAP net loss was $0.7 million or $0.02 per diluted share.
Adjusted net income was $0.8 million or $0.02 per diluted share.
Adjusted EBITDA was $9.4 million.
Orion Group
Orion Group
Orion Group Revenue by Segment
Revenue by Segment
Marine Segment Revenue
CapyFin.comConcrete Segment Revenue
CapyFin.com Forward Guidance
The company anticipates continued improvement in margins and benefit from operating leverage as we grow the top line. They are excited to build on their success this year and continue growing profitably in 2024.
Positive Outlook
- Continued improvement in margins
- Benefit from operating leverage
- Optimized people and assets
- Investments in business development are paying off
- Sufficient capacity
Revenue & Expenses
Visualization of income flow from segment revenue to net income