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Orion Returns To Profitability In Q3
| 题名： | Orion Returns To Profitability In Q3 |
| 正文语种： | eng |
| 摘要： | Orion Group Holdings, the Houston-based parent of marine construction and dredging firm Orion Marine Group, reported third-quarter earnings of $0.2 million, or $0.01 per share, up from a net loss of $10.2 million, or $0.33 per share for the same quarter of 2021. Excluding non-recurring items, third-quarter 2022 adjusted net income was $0.8 million."We are excited to see bid margins of recent wins increasing in the third quarter due to more disciplined bidding practices established over the past few months," said Travis Boone, Orion's CEO, in the October 26 announcement. "These higher-margin projects will establish a solid base of work for 2023. We will continue to fo-cus on disciplined bidding, along with strong project delivery, as we pursue profitable growth."Boone joined Orion Group Holdings in September. He was formerly a regional chief executive of AE-COM and legacy companies. In addition, Scott Thanisch was named Orion executive vice president and chief financial officer in September; Thanisch was previously the chief financial officer of a Texas commercial construction services company and a transport services, maintenance and repair company.Orion reported contract revenues of $182.6 million, an increase of $42.7 million or 30.5 percent from a year ago. |
| 出版年： | 2022 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 136 |
| 期： | 32 |
| 页码： | 6,8 |
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