Orion Group Holdings Inc
For the period ended Jul 24, 2024. Filed Jul 25, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jul 24, 2024 · Filed Jul 25, 2024
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ORN$7.22+4.8%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In Thousands, Except Margin Data)
(In Thousands, Except Margin Data)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Marine · · Concrete | |||||||||||||
| · · Three months ended · · Three months ended | |||||||||||||
| · · June 30, · · June 30, | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Operating (loss) income | $(5,466) | $3,492 | $2,698 | $(1,453) | | ||||||||
| Other income | | 83 | | 250 | | 37 | | — | | ||||
| Depreciation and amortization | | 4,922 | | 3,812 | | 1,048 | | 1,531 | | ||||
| EBITDA (1) | | (461) | | 7,554 | | 3,783 | | 78 | | ||||
| Share-based compensation | | | 1,494 | | | 923 | | | 62 | | | 22 | |
| Net gain on Port Lavaca South Yard property sale | | | — | | | (5,202) | | | — | | | — | |
| ERP implementation | | | 420 | | | 168 | | | 193 | | | 142 | |
| Severance | | 19 | | 2 | | — | | 22 | | ||||
| Adjusted EBITDA(2) | | $1,472 | | $3,445 | | $4,038 | | $264 | | ||||
| Operating income margin | | (4.2)% | 3.5% | 4.4% | (1.8)% | ||||||||
| Impact of other income | | | 0.1% | 0.2% | 0.1% | —% | |||||||
| Impact of depreciation and amortization | | 3.8% | 3.8% | 1.7% | 1.9% | ||||||||
| Impact of share-based compensation | | | 1.1% | | 0.9% | | 0.1% | | —% | ||||
| Impact of net gain on Port Lavaca South Yard property sale | | | —% | | (5.2)% | | —% | | —% | ||||
| Impact of ERP implementation | | | 0.3% | | 0.2% | | 0.3% | | 0.2% | ||||
| Impact of severance | | —% | —% | —% | —% | ||||||||
| Adjusted EBITDA margin (2) | | 1.1% | 3.4% | 6.6% | 0.3% | ||||||||
| | | | | | | | | | | | | | |
| | | Marine | | Concrete | |||||||||
| | | Six months ended | | Six months ended | |||||||||
| | | June 30, | | June 30, | |||||||||
| | 2024 | 2023 | 2024 | 2023 | |||||||||
| Operating income (loss) | $(10,332) | $(2,588) | $4,440 | $(6,016) | | ||||||||
| Other income | | 131 | | 543 | | 61 | | — | | ||||
| Depreciation and amortization | | 9,853 | | 7,647 | | 2,137 | | 3,142 | | ||||
| EBITDA (1) | | (348) | | 5,602 | | 6,638 | | (2,874) | | ||||
| Share-based compensation | | | 1,820 | | | 1,442 | | | 94 | | | 27 | |
| Net gain on Port Lavaca South Yard property sale | | | — | | | (5,202) | | | — | | | — | |
| ERP implementation | | | 874 | | | 261 | | | 425 | | | 235 | |
| Severance | | 81 | | 38 | | — | | 88 | | ||||
| Adjusted EBITDA(2) | | $2,427 | | $2,141 | | $7,157 | | $(2,524) | | ||||
| Operating income margin | | (4.4)% | (1.4)% | 3.8% | (3.7)% | ||||||||
| Impact of other income | | | —% | 0.3% | 0.1% | —% | |||||||
| Impact of depreciation and amortization | | 4.2% | 4.3% | 1.8% | 1.9% | ||||||||
| Impact of share-based compensation | | | 0.8% | | 0.8% | | 0.1% | | —% | ||||
| Impact of net gain on Tampa property sale | | | —% | | (2.9)% | | —% | | —% | ||||
| Impact of ERP implementation | | | 0.4% | | 0.1% | | 0.4% | | 0.1% | ||||
| Impact of severance | | —% | —% | —% | 0.1% | ||||||||
| Adjusted EBITDA margin (2) | | 1.0% | 1.2% | 6.2% | (1.6)% | ||||||||
| (1) | EBITDA is a non-GAAP measure that represents earnings before interest, taxes, depreciation and amortization. |
| (2) | Adjusted EBITDA is a non-GAAP measure that represents EBITDA adjusted for share-based compensation, net gain on Port Lavaca South Yard property sale, ERP implementation, and severance. Adjusted EBITDA margin is a non-GAAP measure calculated by dividing Adjusted EBITDA by contract revenues. |
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