Orion Group Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 09:06 pm
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Orion Group Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 182.53 million compared to USD 194.58 million a year ago. Net loss was USD 0.255 million compared to USD 3.05 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.1 a year ago.
For the six months, sales was USD 341.71 million compared to USD 369.51 million a year ago. Net loss was USD 12.85 million compared to USD 7.91 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 0.26 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.