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原文传递 Orion Group Holdings Inc. Reports Lower Net Income In First Quarter

题名：	Orion Group Holdings Inc. Reports Lower Net Income In First Quarter
正文语种：	eng
摘要：	Orion Group Holdings Inc. reported net income of $0.9 million for the first quarter of 2021, compared to net income of $2.7 million for the first quarter of 2020. Headquartered in Houston, Texas, Orion Group Holdings is a specialty construction company serving the infrastructure, industrial and building sectors. Its marine segment provides construction and dredging services related to marine transportation facility construction; marine pipeline construction; marine environmental structures; dredging of waterways, channels and ports; and specialty services. Its concrete segment provides turnkey concrete construction services across the light commercial, structural and other associated business areas. In its April 28 report, the company noted that its adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the first quarter was $9.5 million, down from $12.2 million a year ago. The adjusted EBITDA measure excludes the impact of various non-recurring items. Orion's backlog as of March 31 was $364.8 million, compared to $591.9 million as of March 31, 2020. "Our results for the first quarter were in line with our expectations," said CEO Mark Stauffer. "First quarter results reflect the impact of the historic winter storm that affected our Texas operations, causing work on Texas projects in both segments, including for dredging projects, to stop for up to 10 days. This reduced revenue for the quarter by approximately $8.2 million and lowered earnings per share by approximately $0.03. Also, worth noting was the year-over-year EBITDA comparison in our marine segment wherein the first quarter of 2020 was up as a result of execution related margin gains on several large projects.
出版年：	2021
期刊名称：	The Waterways Jouranl
卷：	135
期：	7