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Core Insights - HEALWELL AI and its subsidiary Orion Health have signed a Memorandum of Understanding (MoU) with Lean Business Services to explore digital health and AI solutions in the Middle East and global markets [2][8] - The collaboration aims to enhance population health outcomes and accelerate the adoption of AI in clinical workflows [5][9] Company Overview - HEALWELL AI is focused on preventative care through healthcare artificial intelligence, aiming to improve healthcare and save lives by early disease detection [12] - Lean Business Services is a leading digital health technology company in Saudi Arabia, supporting national digital transformation initiatives and interoperability in healthcare [3][11] - Orion Health specializes in health information exchange technology and has a strong presence in the Middle East, having deployed significant health information exchanges in the region [9] Collaboration Details - The MoU combines HEALWELL's AI capabilities, Lean's market leadership, and Orion Health's interoperability technology to co-develop and commercialize next-generation healthcare solutions [5][8] - Initial collaboration areas include enhancing population health strategies and integrating AI solutions into Saudi Arabia's National Platform for Health and Insurance Exchange Services (NPHIES) [8][9] Strategic Importance - The partnership aligns with Saudi Arabia's Vision 2030 healthcare objectives, aiming to create a connected, data-powered healthcare system [3][7] - The MoU was signed during the Global Health Exhibition in Riyadh, highlighting the significance of this collaboration in advancing healthcare innovation in the region [6][9]

Revenue and Profit - Contract revenues for the three months ended September 30, 2025, were $225.1 million, a decrease of $1.6 million or 1% compared to $226.7 million in the prior year period [102]. - Gross profit for the three months ended September 30, 2025, was $29.8 million, an increase of $2.7 million or 10% from $27.1 million in the prior year period, driven by strong project execution and favorable utilization [103]. - Contract revenues for the nine months ended September 30, 2025, were $619 million, an increase of $39.5 million or 7% compared to $579.5 million in the prior year period, primarily due to new awards and higher volume across the business [106]. - Gross profit for the nine months ended September 30, 2025, was $78.6 million, an increase of $17.7 million or 29% from $60.9 million in the prior year period, driven by strong project execution and favorable utilization [107]. - Net income for the three months ended September 30, 2025, was $3.3 million, down from $4.3 million in the prior year period, impacted by increased SG&A expenses and lower revenues [102]. Expenses - Selling, general and administrative (SG&A) expenses increased to $25.1 million for the three months ended September 30, 2025, up $4.3 million or 20.2% from $20.8 million in the prior year period due to increased spending to support business growth [104]. - Interest expense for the three months ended September 30, 2025, was $2.1 million, a decrease from $3.6 million in the prior year period, reflecting improved borrowing costs [102]. Segment Performance - Operating income for the marine segment for the three months ended September 30, 2025, was $11.0 million, an increase of $5.5 million from $5.5 million in the prior year period, attributed to strong project execution [114]. - The concrete segment reported revenues of $82.2 million for the three months ended September 30, 2025, down from $86.7 million in the prior year period, with an operating loss of $5.7 million compared to an operating income of $2.3 million in the prior year [115][116]. - Marine segment revenues increased by $28.1 million, or 7%, to $405.4 million for the nine months ended September 30, 2025, compared to $377.3 million in 2024 [118]. - Operating income for the marine segment improved by $26.8 million to $22.0 million for the nine months ended September 30, 2025, from an operating loss of $4.8 million in 2024 [119]. - Concrete segment revenues rose by $11.4 million, or 6%, to $213.6 million for the nine months ended September 30, 2025, compared to $202.2 million in 2024 [120]. - Operating loss for the concrete segment was $12.4 million for the nine months ended September 30, 2025, a decrease of $19.1 million from an operating income of $6.7 million in 2024 [121]. Backlog and Working Capital - The consolidated backlog as of September 30, 2025, was $679 million, down from $729 million as of December 31, 2024, with the marine segment backlog at $477 million and concrete segment backlog at $202 million [100]. - Working capital decreased to $71.9 million as of September 30, 2025, from $78.2 million at December 31, 2024 [122]. Cash Flow and Capital Expenditures - Cash flows provided by operating activities were $14.3 million for the nine months ended September 30, 2025, compared to a cash outflow of $0.7 million in 2024 [124]. - Capital expenditures for the nine months ended September 30, 2025, were $25.5 million, up from $10.6 million in 2024 [127]. Liquidity and Borrowings - The company had $23.0 million in outstanding borrowings under its Credit Agreement as of September 30, 2025, with a weighted average interest rate of 10.89% [134]. - The company believes it will have adequate liquidity for its operations for at least the next 12 months as of September 30, 2025 [123]. - The company entered into a $103.0 million Credit Agreement with White Oak on May 15, 2023, which includes a $65 million revolving credit line [129].

Orion Group (NYSE:ORN) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Company ParticipantsAlison Vasquez - EVP and CFOTravis Boone - President and CEOJason Usainer - Portfolio ManagerLiam Burke - Managing DirectorAlex Rygiel - Managing DirectorConference Call ParticipantsAaron Spychalla - Senior Research AnalystBrent Thielman - Equity Research AnalystAlison Vasquez$14 million year to date. We wrapped up the quarter with $21 million of net debt, or just under half a turn of leverage on a trailing twelve- ...

Orion Group (NYSE:ORN) Q3 2025 Earnings Call October 29, 2025 09:00 AM ET Speaker4$14 million year to date. We wrapped up the quarter with $21 million of net debt, or just under half a turn of leverage on a trailing twelve-month EBITDA basis, which is a very healthy place for Orion Group Holdings. As the boss covered earlier, in October, we were very happy to close on the sale of the East West Jones property. The transaction resulted in a significant cash upside of over $22 million net of commissions and ta ...

Financial Performance - Revenue for Q3 2025 was $225.1 million, a decrease of 0.7% from $226.7 million in Q3 2024, but up 10% sequentially from $205.3 million in Q2 2025[6][7] - GAAP net income for Q3 2025 was $3.3 million, or $0.08 per diluted share, compared to $4.3 million, or $0.12 per diluted share, in Q3 2024[9] - Adjusted EBITDA for Q3 2025 was $13.1 million, down from $15.2 million in Q3 2024, but up 19% from $11.0 million in Q2 2025[10] - Contract revenues for Q3 2025 were $225,097,000, a slight decrease from $226,675,000 in Q3 2024, while year-to-date revenues increased to $619,037,000 from $579,514,000[25] - Gross profit for Q3 2025 was $29,752,000, up from $27,064,000 in Q3 2024, contributing to a year-to-date gross profit of $78,564,000 compared to $60,883,000 in the previous year[25] - Adjusted net income for Q3 2025 was $3,459,000, compared to $5,642,000 in Q3 2024, while year-to-date adjusted net income improved to $6,400,000 from a loss of $1,884,000[27] - Adjusted EBITDA for Q3 2025 was $13,132,000, down from $15,211,000 in Q3 2024, with an adjusted EBITDA margin of 5.8% compared to 6.7% in the prior year[31] - Basic income per share for Q3 2025 was $0.08, down from $0.12 in Q3 2024, while diluted income per share also remained at $0.08 compared to $0.12 in the prior year[25] Guidance and Projections - The company increased its full-year 2025 revenue guidance to a range of $825 million to $860 million, up from the previous range of $800 million to $850 million[5] - Adjusted EPS guidance for FY 2025 was raised to a range of $0.18 to $0.22, compared to the prior guidance of $0.11 to $0.17[5] - Adjusted EBITDA for the year ending December 31, 2025, is estimated to be between $44,000,000 and $46,000,000[38] - Adjusted net income for the year ending December 31, 2025, is projected to range from $7,226,000 to $8,904,000, with an adjusted EPS between $0.18 and $0.22[41] Debt and Cash Flow - As of September 30, 2025, total debt outstanding was $23.6 million, with no borrowings under the revolving credit facility[12] - The company closed the sale of its East and West Jones property for $23.5 million, with proceeds expected to reduce debt and support general corporate purposes[15] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $14,260,000, a significant improvement from a cash outflow of $687,000 in the same period of 2024[35] - The company reported a net loss of $8,398,000 for the nine months ended September 30, 2024, which improved to a net income of $2,728,000 in the same period of 2025[35] - The company experienced a net change in cash of $(23,399,000) for the nine months ended September 30, 2025, compared to $(19,890,000) for the same period in 2024[35] Assets and Liabilities - As of September 30, 2025, total assets increased to $422,375,000 from $417,317,000 as of December 31, 2024, reflecting a growth of approximately 1.4%[36] - Current assets remained stable at $269,740,000 compared to $269,328,000 in the previous period, indicating a slight increase of 0.2%[36] - Accounts receivable increased significantly to $164,911,000 from $106,304,000, representing a growth of approximately 55%[36] - Total liabilities decreased slightly to $264,485,000 from $266,638,000, a reduction of about 0.8%[36] - Current liabilities increased to $197,840,000 from $191,173,000, marking an increase of approximately 3.5%[36] - The company reported a retained loss of $60,963,000 as of September 30, 2025, an improvement from $63,691,000 at the end of 2024[36] - Long-term debt remained relatively stable at $22,564,000 compared to $22,751,000 in the previous period[36] - The company has a current debt of $1,044,000, which is an increase from $426,000 as of December 31, 2024[36] Segment Performance - The company booked awards and change orders totaling $160 million in Q3 2025, with a balanced distribution between Marine and Concrete segments[4][11] - Backlog as of September 30, 2025, was $679 million, down from $691 million in the same period last year, with significant new awards in both Marine and Concrete segments[11] - The Marine segment reported contract revenues of $142,942,000 in Q3 2025, an increase from $140,013,000 in Q3 2024, while the Concrete segment saw a decline to $82,155,000 from $86,662,000[32] - Operating income for the Marine segment improved to $10,985,000 in Q3 2025 from $5,485,000 in Q3 2024, while the Concrete segment reported an operating loss of $5,664,000 compared to a profit of $2,296,000 in the previous year[32]

For the quarter ended September 2025, Orion Marine Group (ORN) reported revenue of $225.1 million, down 0.7% over the same period last year. EPS came in at $0.09, compared to $0.16 in the year-ago quarter.The reported revenue represents a surprise of -1% over the Zacks Consensus Estimate of $227.38 million. With the consensus EPS estimate being $0.06, the EPS surprise was +50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Orion Marine Group (ORN) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this heavy civil marine contractor would post a loss of $0.01 per share when it actually produced earnings of $0.07, delivering a surprise of +800%.Over the last four ...

HOUSTON, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”, “Orion”), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2025. Highlights for the quarter ended September 30, 2025: ($ in millions, except EPS) Strong operational execution and continued advancement of strategic prioritiesRevenue of $225.1 million, GAAP Net Income of $3.3 million, Adjusted EBITDA of $13.1 million and Adjusted EPS of $0.09 ...

Core Points - NASA's Exploration Ground Systems team has successfully connected the Orion spacecraft, named Integrity, with the Space Launch System (SLS) rocket, marking a significant milestone for the Artemis II mission, which aims to send four astronauts around the Moon early next year [1][2][3]. Group 1: Mission Readiness - The integration of the Orion spacecraft with the SLS rocket signifies mission readiness for the Artemis II mission, which is the first crewed flight to the Moon in over 50 years [3]. - Following the connection, teams will perform electrical and data connections between Orion and SLS, along with umbilical connections from the mobile launch platform [3]. Group 2: Launch Timeline - The Artemis II mission is scheduled to launch no earlier than February 2026, with potential launch windows extending through April 2026, and the mission duration is expected to be 10 days [4]. Group 3: Company Overview - Lockheed Martin is the prime contractor for NASA's Orion program, responsible for developing the crew module, crew module adaptor, and launch abort system, highlighting its role in advancing deep space exploration [5].