ORION CORPORATION STOCK EXCHANGE RELEASE / MAJOR SHAREHOLDER ANNOUNCEMENTS12 March 2025 at 16.15 EET
Orion Properties' diversified portfolio and portfolio repositioning offer potential, but high vacancy rates and rising CapEx pose significant risks in 2025–2026. Management's strategic shift to dedicated use assets and their pay-cut demonstrate alignment with shareholders amidst challenging times. The dividend cut and high debt/EBITDA ratios highlight deteriorating fundamentals, making this a speculative buy for high-risk investors.
ORION CORPORATION STOCK EXCHANGE RELEASE – CHANGES IN COMPANY'S OWN SHARES10 MARCH 2025 at 19.00 EET Orion Corporation: Transfer of 191,911 own B shares on 10 March 2025 In accordance with a decision by the Board of Directors, Orion Corporation has on 10 March 2025 transferred altogether 191,911 Orion Corporation B shares held by the company as a share reward for earning period 2022–2024 and a reward for commitment part to the persons belonging to the Share-based Incentive Plan of Orion Group. The transfer is based on the authorisation by the Annual General Meeting of 23 March 2022.
HEALWELL has signed a $50 million credit agreement, contingent on and in support of its acquisition of Orion Health, with credit to be provided by a syndicate of Schedule I Canadian Banks, including The Bank of Nova Scotia as Sole Bookrunner, Admin Agent, and Co-Lead Arranger, and Royal Bank of Canada as Co-lead Arranger. The credit agreement also provides for an additional uncommitted future accordion feature of up to $25 million.
Orion Group Holdings, Inc. is poised for substantial growth, driven by large-scale data center construction and US Navy projects. Orion's backlog slightly declined to $729mm, but the new business pipeline surged to $16b, indicating more project opportunities. Management is focused on selective bidding for stronger margins. ORN shares trade at a significant discount when considering its historical trading premiums. This may allow for significant upside potential as the firm executes on its growth initiatives.
ORN's fourth-quarter results reflect strong contributions from Marine and Concrete segments.
ORION CORPORATION STOCK EXCHANGE RELEASE / MAJOR SHAREHOLDER ANNOUNCEMENTS5 March 2025 at 8.30 EET Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.) Orion Corporation has received a disclosure under Chapter 9, Section 5 of the Securities Market Act, according to which the total number of Orion shares owned directly, indirectly and through financial instruments by BlackRock, Inc. and its funds decreased on 3 March 2025 below five (5) per cent of Orion Corporation's total shares. Total positions of BlackRock, Inc. and its funds subject to notification: % of shares and voting rights (total of point A) % of shares and voting rights through financial instruments (total of point B) Total of both in % (points A + B) Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights 141,134,278 shares 763,427,275 voting rights Position of previous notification (if applicable) 4.98% shares Below 5% voting rights 0.01% shares Below 5% voting rights 5.00% shares Below 5% voting rights Notified details of the resulting situation on the date on which the threshold was crossed: Point A: Shares and voting rights: Class/type of shares ISIN code Number of shares and voting rights % of shares and voting rights Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) FI0009014377 Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights POINT A SUBTOTAL Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights Point B: Financial instruments according to SMA 9:6a: Type of financial instrument Expiration date Exercise / Conversion Period Physical or cash settlement Number of shares and voting rights % of shares and voting rights Securities Lent N/A N/A Physical Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights POINT B SUBTOTAL Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights Orion Corporation Liisa Hurme President and CEO Olli Huotari EVP, Corporate Functions Contact person:Terhi Ormio, VP, CommunicationsOrion CorporationTel.
Orion Group Holdings, Inc. (NYSE:ORN ) Q4 2024 Earnings Conference Call March 5, 2025 9:00 AM ET Company Participants Margaret Boyce – Investor Relations Travis Boone – Chief Executive Officer Scott Thanisch – Chief Financial Officer Conference Call Participants Aaron Spychalla – Craig-Hallum Julio Romero – Sidoti & Co. Brent Thielman – D.A. Davidson Operator Good day, and welcome to the Orion Group Holdings Fourth Quarter and Full Year 2024 Conference Call.
Orion Marine Group (ORN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.08 per share a year ago.
HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2024. Highlights for the quarter ended December 31, 2024: Contract revenues increased 7.6% to $216.9 million versus the prior year period GAAP net income of $6.8 million or $0.17 per diluted share compared to a GAAP net loss of $4.4 million or a loss of $0.13 per diluted share year-over-year Adjusted net income of $6.4 million or $0.16 per diluted share versus Adjusted net income of $2.3 million or $0.07 per diluted share in the fourth quarter last year Adjusted EBITDA increased 15.3% to $17.1 million compared to the prior year period Cash flow from operations of $13.4 million Contracted backlog, including awards subsequent to quarter end, totaled $977.3 million Highlights for the year ended December 31, 2024: Contract revenues increased 11.9% to $796.4 million versus the prior year GAAP net loss of $1.6 million or a loss of $0.05 per diluted share compared to a GAAP net loss of $17.9 million or a loss of $0.55 per diluted share last year Adjusted net income of $5.2 million or $0.15 per diluted share versus an Adjusted net loss of $10.1 million or a loss of $0.31 per diluted share last year Adjusted EBITDA increased 75.9% to $41.9 million compared to $23.8 million for the prior year Cash flow from operations of $12.7 million compared to $17.2 million for the prior year See definitions and reconciliation of non-GAAP measures elsewhere in this release.