Orion Group Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Orion Group Holdings (NYSE:ORN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$226.7m (up 35% from 3Q 2023).
• Net income: US$4.26m (up from US$660.0k loss in 3Q 2023).
• Profit margin: 1.9% (up from net loss in 3Q 2023).
• EPS: US$0.12 (up from US$0.02 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Orion Group Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are up 13% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Orion Group Holdings that we have uncovered.

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