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Tuesday, February 25, 2020
Orion Group Holdings (ORN)
NobleCon 16 Review - 4Q2019 Results Out Shortly
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 the full report for the price target, fundamental analysis, and rating.
CFO Robert Tabb's presentation at our NobleCon16 conference highlighted progress on the Invest, Scale and Grow (ISG) restructuring program and other positives, including the recent $47 million Industrial award.
Upcoming 4Q2019 operating results and earnings call should be well received. ORN reports tomorrow (2/26) AMC and will host a call on Thursday (2/27) at 10am EST. Call number is 201-493-6739 and code is Orion Group. We expect gross profit of $15.2 million and EBITDA of $8.2 million with gross margin of 9.5% and EBITDA margin of 5.1%. Seasonality exists but...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.