Orion Marine (ORN) Reports Q3 Earnings: What Key Metrics Have to Say

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]