Monday, March 20, 2023
Joe Gomes, Managing Director – Generalist Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
A New Strategic Plan. After being at the Company for six months, CEO Travis Boone and CFO Scott Thanisch released a strategic plan designed to unlock Orion’s full potential for long-term, sustainable growth. While ambitious, we believe the ingredients are in place for a successful outcome.
End Markets Remain Positive. The Marine sector and the Concrete segment both continue to enjoy positive tailwinds. Government money continues to pour into the Marine space, although the associated agencies need to actual award contracts, while population growth in Texas is driving demand for concrete services.
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