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)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended · · Six months ended | |||||||||||||
| · · June 30, · · June 30, | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Net loss | | $(6,603) | | $(255) | | $(12,660) | | $(12,850) | | ||||
| Income tax expense (benefit) | | 617 | | (42) | | 265 | | 598 | | ||||
| Interest expense, net | | 3,338 | | 2,586 | | 6,695 | | 4,191 | | ||||
| Depreciation and amortization | | 5,970 | | 5,343 | | 11,990 | | 10,789 | | ||||
| EBITDA (1) | | 3,322 | | 7,632 | | 6,290 | | 2,728 | | ||||
| Share-based compensation | | | 1,556 | | | 945 | | | 1,914 | | | 1,469 | |
| Net gain on Port Lavaca South Yard property sale | | | — | | | (5,202) | | | — | | | (5,202) | |
| ERP implementation | | | 613 | | | 310 | | | 1,299 | | | 496 | |
| Severance | | 19 | | 24 | | 81 | | 126 | | ||||
| Adjusted EBITDA(2) | | $5,510 | | $3,709 | | $9,584 | | $(383) | | ||||
| Operating income margin | | (1.3)% | 1.1% | (1.7)% | (2.5)% | ||||||||
| Impact of other income | | | —% | 0.1% | 0.1% | 0.2% | |||||||
| Impact of depreciation and amortization | | 3.1% | 2.9% | 3.4% | 3.2% | ||||||||
| Impact of share-based compensation | | | 0.8% | | 0.5% | | 0.5% | | 0.4% | ||||
| Impact of net gain on Port Lavaca South Yard property sale | | | —% | | (2.8)% | | —% | | (1.5)% | ||||
| Impact of ERP implementation | | | 0.3% | | 0.2% | | 0.4% | | 0.1% | ||||
| Impact of severance | | —% | —% | —% | —% | ||||||||
| Adjusted EBITDA margin(2) | | 2.9% | 2.0% | 2.7% | (0.1)% | ||||||||
| (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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