Orion Group Holdings, Inc. Reports Second Quarter 2020 Results
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Orion Marine Group (ORN) Tops Q2 EPS by 4c, Revenues Beat
July 29, 2020 4:53 PM EDTOrion Marine Group (NYSE: ORN) reported Q2 EPS of $0.04, $0.04 better than the analyst estimate of $0.00. Revenue for the quarter came in at $183.7 million versus the consensus estimate of $162.13 million.
Second Quarter 2020 Highlights
Contract revenues were $183.7 million, up 10.7% from $166.0 million for the second quarter of 2019.Operating income was $4.1 million for the second quarter of 2020 compared to operating loss of $0.4 million for the second quarter of 2019.Net income was $2.0 million ($0.07 diluted earnings per share) for the second quarter of 2020 compared to net loss of $1.6 million ($0.06 diluted loss per share) for the second quarter of... More