Orion Marine Group (ORN) Issues Q3 Warning

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Go back to Orion Marine Group (ORN) Issues Q3 Warning

Orion Marine Group Announces Preliminary Results for Third Quarter and Schedules Conference Call to Discuss Preliminary Third Quarter Results

October 21, 2015 5:00 AM EDT

HOUSTON, Oct. 21, 2015 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (NYSE: ORN) (the "Company") a leading construction company, today announced preliminary results for the quarter ended September 30, 2015 and scheduled a conference call to discuss these preliminary results.

The Company remains confident with both its long term market outlook and its recent acquisition of TAS Commercial Concrete, which is outperforming expectations. During the quarter, the Company bid on approximately $682 million worth of opportunities and was successful on approximately $161 million, representing an overall win rate of 24%.  Additionally, the Company... More