ORION CORPORATION STOCK EXCHANGE RELEASE – OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE27 NOVEMBER 2024 at 9.00 EET                    142,701 Orion Corporation A shares converted into B shares In accordance with Section 3 of the Articles of Association of Orion Corporation, 142,701 A shares have been converted into 142,701 B shares. The conversion has been entered into the Trade Register on 27 November 2024. The total number of shares in Orion Corporation is 141,134,278 which, after ...

Orion Group Holdings, Inc. (ORN) has secured three new contracts valued at approximately $111 million. The contracts consist of two projects in the Marine segment and one in the Concrete segment. These projects are expected to begin in 2025 and will be completed within 20 months.The contract awards further reinforce Orion's position as a leader in the industry. The company is well-equipped to handle complex projects with its expertise and experience.Details of ORN's New ContractsOrion's Marine segment clinc ...

Core Points - Orion Group Holdings, Inc. announced three new contract awards, two in the Marine segment and one in the Concrete segment, expected to start in 2025 and complete within 20 months [1][4] - The Marine segment received an $88 million contract for the Hugh K. Leatherman Terminal Wharf Extension at the Port of Charleston, involving the construction of 1,600 linear feet of concrete pile-supported wharf [2][4] - A $12.9 million subcontract was awarded to Orion Marine for the City of Tampa's West Bank Riverwalk pedestrian bridge project, with construction set to begin in the third quarter of 2025 [3][4] - Orion Concrete secured a $10.3 million contract for a new data center building in Garland, Texas, expected to start in January 2025 and last for nine months [3][4] Company Overview - Orion Group Holdings is recognized for its specialty construction services in the infrastructure, industrial, and building sectors, operating in the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [5] - The company's Marine segment focuses on construction and dredging services related to marine transportation facilities, while the Concrete segment provides turnkey concrete construction services [5]

Core Insights - The article expresses a positive outlook on OEC, indicating a beneficial long position in its shares through various financial instruments [1] - The author has no business relationship with any company mentioned, ensuring an unbiased perspective [1] Company Analysis - OEC is positioned within the carbon black industry, competing with other companies in the sector [1] - The article does not provide specific financial metrics or performance data for OEC or its competitors [1] Industry Context - The carbon black industry is characterized by competition among various players, with OEC being one of the notable companies [1] - The article does not delve into broader industry trends or market conditions affecting carbon black companies [1]

Shares of Orion Marine Group (ORN) have gained 19.2% over the past four weeks to close the last trading session at $7.34, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $11.33 indicates a potential upside of 54.4%.The mean estimate comprises three short-term price targets with a standard deviation of $2.31. While the lowest estimate of $10 indicates a 36.2% increase from the cu ...

MANITOWOC, Wis., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2025 second quarter (Q2’25) ended September 30, 2024. Orion will hold an investor call today at 10:00 a.m. ET – details below. Q2 Financial Summary Prior Three Quarters$ in millions except per share figuresQ2'25Q2'24Change Q1'25Q4'24Q3'24LED ...

Group 1 - The former head of Meta's Orion augmented reality glasses initiative, Caitlin "CK" Kalinowski, has joined OpenAI to lead its robotics and consumer hardware efforts [1][3] - Kalinowski's initial focus will be on OpenAI's robotics work and partnerships to integrate AI into the physical world [1] - OpenAI's hiring of Kalinowski indicates its strategy to expand into hardware development and sales, alongside its popular AI chatbot, ChatGPT [1] Group 2 - OpenAI announced an investment in Physical Intelligence, a San Francisco-based robot startup that raised $400 million at a $2.4 billion post-money valuation [2] - Physical Intelligence aims to bring general-purpose AI into the physical world by developing large-scale AI models and algorithms for robots [2] - Notable investors in Physical Intelligence include Jeff Bezos, Thrive Capital, Lux Capital, and Bond Capital [2] Group 3 - Before joining OpenAI, Kalinowski led the Orion project at Meta, which was described as the most advanced pair of AR glasses ever made [3] - Kalinowski has extensive experience in hardware, having worked on virtual reality headsets at Meta-owned Oculus and designing MacBooks at Apple [4] - Kalinowski's first day at OpenAI is scheduled for November 5 [4]

Core Insights - Orion Marine Group (ORN) reported revenue of $226.68 million for Q3 2024, a 34.5% increase year-over-year, with an EPS of $0.16 compared to $0.02 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $236.43 million, resulting in a surprise of -4.12%, while the EPS exceeded expectations by 100% against a consensus estimate of $0.08 [1] Financial Performance Metrics - Contract revenues in the Concrete Segment were $86.66 million, surpassing the average estimate of $69.62 million, but reflecting a year-over-year decline of 1% [3] - Contract revenues in the Marine Segment reached $140.01 million, below the estimated $166.81 million, but showing a significant year-over-year increase of 73% [3] - Operating income for the Concrete Segment was $2.30 million, slightly above the average estimate of $2.16 million [3] - Operating income for the Marine Segment was $5.49 million, exceeding the average estimate of $3.27 million [3] Stock Performance - Orion Marine's shares have declined by 7.6% over the past month, contrasting with a 1.8% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]

Financial Performance - Orion Marine Group reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and a significant increase from earnings of $0.02 per share a year ago, representing an earnings surprise of 100% [1] - The company posted revenues of $226.68 million for the quarter ended September 2024, which was 4.12% below the Zacks Consensus Estimate, compared to revenues of $168.48 million in the same quarter last year [2] - Over the last four quarters, Orion Marine has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance and Outlook - Orion Marine shares have increased approximately 8.3% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The company's earnings outlook will be crucial for determining the sustainability of its stock price movement, with current consensus EPS estimates at $0.22 for the coming quarter and $0.03 for the current fiscal year [4][7] Industry Context - The Building Products - Heavy Construction industry, to which Orion Marine belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Orion Marine's stock performance [5]

HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2024. Highlights for the quarter ended September 30, 2024: Contract revenues of $226.7 million GAAP net income of $4.3 million or $0.12 per diluted share Adjusted net income of $5.6 million or $0.16 per diluted share Adjusted EBITDA of $15.2 million Cash flow from operations of $35.2 million ...