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Thursday October 31, 2019
Orion Group Holdings (ORN)
Transition Continues with Another Solid Quarter.
Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Transition continues with a solid quarter. 3Q2019 Backlog of $631 million was below 2Q2019 backlog of $661 million. Construction awards were higher at $134 million pushing backlog to a record level of $226 million, while
- Backlog dropped but still near record level. About $1.3 billion of bids remain outstanding so additional awards, including a…
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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