$ORN (Orion Marine Group, Inc)

$ORN {{ '2016-03-22T22:20:23+0000' | timeago}} • Announcement

$ORN said its Heavy Civil Marine Construction segment was awarded an approx. $11MM contract by the North Carolina Department of Natural & Cultural Resources to construct a cofferdam around the perimeter of the USS North Carolina Battleship, to help the future repair of the ship's hull. The project will begin in 2Q16 and last approx. 16 months.

$ORN {{ '2017-04-10T21:01:14+0000' | timeago}} • Announcement

$ORN will acquire turnkey service provider Tony Bagliore Concrete, Inc. for $6MM in cash. The sellers have an opportunity to earn an additional $2MM over a three year period based on achievement of certain financial targets. The transaction is expected to be neutral to slightly accretive to $ORN 2017 earnings.

$ORN {{ '2017-03-09T16:22:43+0000' | timeago}} • Webcast

On Tampa operations, $ORN said the bid activity are robust, but facing some issues with permitting start on some of the projects. The company is confident on achieving the goals and objectives for 2017 given the level of backlogs it has currently.

$ORN {{ '2017-03-09T16:01:10+0000' | timeago}} • Webcast

During 2016, $ORN bid on approx. $2.8Bil worth of projects, winning approx. $654MM or win rate of 24%. Also during the year, the company reported a 68% YoY increase in gross margin and 86% YoY increase in EBITDA.

$ORN {{ '2017-03-09T13:13:13+0000' | timeago}} • Announcement

In 4Q16, contract revenues for $ORN's Heavy Civil Marine Construction segment dropped 33% to $60.1MM, while that for Commercial Concrete Construction segment grew 16.3% to $84.2MM. The growth in Commercial Concrete Construction segment was fueled by 58% YoY revenue increase from Dallas market.

$ORN {{ '2017-03-09T13:09:10+0000' | timeago}} • Announcement

On the one-time expenses, $ORN CEO Mark Stauffer said, "During 4Q16 we incurred significant unforeseen expenses without the ability to recognize the related revenues. While we believe we are entitled to full earned compensation, accounting practices limit the amount of contract revenue we can recognize at this time."

$ORN {{ '2017-03-09T13:02:32+0000' | timeago}} • Announcement

$ORN sees FY17 EBITDA growth of at least 40% YoY, likely to be helped by sustained bid opportunities, record-high backlog and a return to growth from Tampa operations. Backlog of work under contract as of Dec. 31, 2016 stands at $434MM, up 21%. It also has about $782MM worth of bids outstanding at present.

$ORN {{ '2017-03-09T12:50:29+0000' | timeago}} • Announcement

$ORN swung to a loss in 4Q16 from a profit in the year-ago quarter, hurt by unfavorable differing site conditions of one contract. Net loss was $6.3MM, or $0.23 per share, compared to net income of $1.4MM, or $0.06 per share in 4Q15. Contract revenues were down 11%, at $144.3MM. Excluding one-time costs, $ORN made net income of 9 cents per share.

$ORN {{ '2016-11-30T13:55:48+0000' | timeago}} • Announcement

$ORN said its Heavy Civil Marine Construction segment, Orion Marine Group, was awarded a contract of approx. $22MM for a reconstruction project from the City of Savannah, Georgia. The project entails improvements to storm water drainage facilities for the Bilbo Canal and will begin during 1Q17 with a duration of around 24 months.

$ORN {{ '2016-11-29T13:15:12+0000' | timeago}} • Announcement

Specialty construction company $ORN announced a contract award of approx. $80MM. The project entails dock expansion and dredging services and will begin during 1Q17 with a duration of approx. 18 months.

$ORN {{ '2016-11-09T18:55:51+0000' | timeago}} • Announcement

$ORN announced a contract award of about $19MM. The company's Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract from a private sector client. The marina development project, located in Florida, will commence during 4Q16 with a duration of about 16 months.

$ORN {{ '2016-09-27T12:50:49+0000' | timeago}} • Announcement

$ORN said its Heavy Civil Marine Construction segment, Orion Marine Group, received $23.3MM contract from Naval Facilities Engineering Command Southeast (NAVFAC). The project provides for reconstruction of berthing wharfs B-1, B-2 and B-3 on Wharf Bravo at Naval Station Mayport in Jacksonville, Florida. The project will begin in 4Q16.

$ORN {{ '2016-09-07T15:55:50+0000' | timeago}} • Announcement

$ORN said its Heavy Civil Marine Construction segment, Orion Marine Group, partnering with Watts Constructors, was recently awarded a $25.6MM contract by the Naval Facilities Engineering Command of Silverdale, Washington. Project construction will begin in October 2016 with a duration of about 16 months.

$ORN {{ '2016-08-29T13:02:24+0000' | timeago}} • Announcement

$ORN announced a contract award of about $28MM. The company's Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded contract from North Carolina State Ports Authority for upgrades to Berth 8 at Port of Wilmington, North Carolina. The project will begin at end of 3Q16 with duration of about 18 months.

$ORN {{ '2016-08-19T11:40:41+0000' | timeago}} • Announcement

Specialty construction company $ORN said its marine construction segment, Orion Marine Group, has signed a contract with the US Army Corps of Engineers to do dredging services in the Corpus Christi Ship Channel. The project is expected to begin in 3Q16 with duration of about 6 months.

$ORN {{ '2016-08-04T20:08:26+0000' | timeago}} • Announcement

$ORN announced a contract award of about $14MM. The company's commercial concrete segment, TAS Commercial Concrete, was recently awarded a contract from a private sector client in Houston. The project entails concrete construction of a hotel near Houston's Medical Center and is expected to begin in 3Q16 with a duration of about 10 months.

$ORN {{ '2016-07-13T15:39:50+0000' | timeago}} • Announcement

$ORN announced contract award of about $21MM. The commercial concrete segment, TAS Commercial Concrete, was recently awarded contract from private sector client in Houston. The project entails concrete construction of residential high-rise near Houston's Medical Center and is expected to begin in 3Q16 with duration of about 15 months.

$ORN {{ '2016-06-10T10:58:58+0000' | timeago}} • Announcement

$ORN said its Orion Marine Group was recently awarded a contract of approx. $10MM from the US Army Corps of Engineers to perform dredging services in the Matagorda Ship Channel. The project entails dredging work between Port O' Conner, Texas and Point Comfort, Texas. The project will begin at 2Q16-end with a duration of approx. 10 months.

$ORN {{ '2016-06-03T05:39:44+0000' | timeago}} • Announcement

Specialty construction company $ORN said it has appointed David Griffith from Energy XXI as Investor Relations Manager. Griffith will report to VP of Finance, Robert Tabb.

$ORN {{ '2016-05-25T11:37:27+0000' | timeago}} • Announcement

$ORN announced a new corporate name and logo. The BoD said it approved name change to Orion Group Holdings Inc. to encompass breadth of services for each of its business segments. The Heavy Civil Marine Construction segment will continue to operate under $ORN's brand and logo. $ORN will continue its NYSE listing under same ticker.

$ORN {{ '2016-03-22T22:20:23+0000' | timeago}} • Announcement

$ORN said its Heavy Civil Marine Construction segment was awarded an approx. $11MM contract by the North Carolina Department of Natural & Cultural Resources to construct a cofferdam around the perimeter of the USS North Carolina Battleship, to help the future repair of the ship's hull. The project will begin in 2Q16 and last approx. 16 months.

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