In addition, Orion Concrete was awarded another significant data center project in North Texas by a major hyperscaler. While details cannot be fully disclosed, the scope is in the range of $15 million. The Company has completed 19 data centers to date and continues to pursue mission critical infrastructure projects supporting the surging Artificial Intelligence market. The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of ...

HOUSTON, June 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company", "Orion"), a leading specialty construction company, today announced three contract awards, two in its Concrete segment and one in its Marine segment. Each of the three projects is scheduled to start in the third quarter of 2024 and run for nine to twelve months. Orion Concrete was awarded a contract valued at over $28 million by Costco Wholesale through Southeast Industrial Construction as General Contractor. T ...

jacoblund/iStock via Getty Images Let's set a base by assessing the Office REIT environment. 120% 100% Indust 80% Man Home 60% Self-Storage 40% Apartment Lodging 20% Strip Retail 0% · Net Lease -20% Health Care Office -40% Mall -60% 5/17 5/18 5/19 5/20 5/21 5/22 5/23 5/24 Sectoral Cumulative Returns (Green Street) Green Street Median premium (discount) to NAV as of April 30, 2024 (%) Property type (number of companies) Datacenter (2) 0.5 Healthcare (14) -1.0 Other retail (9) -4.2 Casino (2) -7.9 Residential ...

MANITOWOC, Wis., June 13, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging station, and maintenance service solutions, announced it will participate at Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on Wednesday, June 26ᵗʰ. CEO Mike Jenkins and CFO Per Brodin will present and participate in a fireside style Q&A session at 12:30 p.m. ...

- Street Targets Sure, leasing activity was not the worst we have seen from this company. We have bought a couple of value traps recently. These are two phenomenally cheap stocks which we freely admit are value traps. We estimate realistic liquidation value in both cases to be at least 5 times the current stock price. In neither case, we expect value to be realized in the medium term, as both management teams appear to be hunkering down for the twenty-fourth century. It is possible that value may never be r ...

Core Insights - Orion Energy Systems, Inc. reported strong financial results for Q4'24 and FY 2024, with significant revenue growth across all business segments, particularly in LED lighting and EV charging solutions [3][4][18]. Financial Performance - Q4'24 revenue increased by 22.1% to $26.4 million compared to $21.6 million in Q4'23, driven by growth in LED lighting, EV charging, and maintenance services [18]. - FY 2024 revenue rose 17.1% to $90.6 million from $77.4 million in FY 2023, with nearly 100% increase in EV charging revenues and 17.8% growth in maintenance services revenue [18]. - Gross profit for Q4'24 was $6.8 million, up 43.5% from $4.7 million in Q4'23, with gross profit margin increasing to 25.8% from 21.9% [19][30]. - Net income for Q4'24 improved to $1.6 million, or $0.05 per share, compared to a net loss of $5.1 million, or ($0.16) per share in Q4'23 [12][30]. Business Segments - LED lighting revenue grew by 13.1% in Q4'24 and 8.0% for FY 2024, supported by large projects including a significant DOD project in Germany [3][30]. - EV charging solutions revenue surged 42.1% in Q4'24 and nearly doubled for FY 2024, reflecting a full year of operations following the acquisition of Voltrek [3][30]. - Maintenance services revenue increased by 37.4% in Q4'24 and 17.8% for FY 2024, driven by a new three-year agreement for preventative maintenance services across 2,000 retail locations [3][8][30]. Future Outlook - The company anticipates continued growth of 10-15% in FY 2025, particularly in LED lighting and EV charging segments, supported by favorable macroeconomic trends and regulatory changes [4][36]. - Orion expects robust growth in sales to Energy Service Company (ESCO) partners, driven by new product lines designed for energy efficiency [5][36]. - The EV charging business is projected to benefit from a strong pipeline of opportunities, with a total pipeline valued at $50 million entering FY 2025 [7][35]. Operational Efficiency - Total operating expenses decreased to $5.0 million in Q4'24 from $9.6 million in Q4'23, primarily due to a reversal of earnout expense accruals related to Voltrek [39]. - The company generated cash of $175,000 from operating activities in Q4'24, reflecting improved operating results and working capital changes [40]. Balance Sheet - As of March 31, 2024, Orion had current assets of $44.8 million, including $5.2 million in cash and cash equivalents, and a working capital of $16.8 million [20][21].

MANITOWOC, Wis., May 30, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and controls, maintenance services and electrical vehicle (EV) charging station solutions, will host a conference call and webcast to review its fourth quarter and FY 2024 results on Thursday, June 6, 2024, at 10:00 a.m. ET. Orion will release results prior to the market's opening that morning. | --- | --- | |-------------------------|--------------------- ...

HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell indexes annual reconstitution, effective after the US market opens on July 1, 2024, according to a preliminary list of additions posted May 24, 2024. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 30, ranking them by to ...

HOUSTON, May 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today announced that CEO Travis Boone and CFO Scott Thanisch will participate in the following upcoming conferences: About Orion Group Holdings Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Hawaii, Cana ...

HOUSTON, May 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today announced that CEO Travis Boone and CFO Scott Thanisch will participate in the following upcoming conferences: Forward-Looking Statements The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the "safe harbor" provisions of Section 27A of the Securities Exchange Act of 1933, as a ...