Orion Group Holdings Inc
For the period ended Oct 30, 2024. Filed Oct 30, 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.
Oct 30, 2024 · Filed Oct 30, 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 | |||||||||||||
| · · September 30, · · September 30, | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Operating income | $5,485 | $2,001 | $2,296 | $560 | | ||||||||
| Other income | | 86 | | 49 | | 21 | | — | | ||||
| Depreciation and amortization | | 4,552 | | 4,771 | | 1,016 | | 1,322 | | ||||
| EBITDA (1) | | 10,123 | | 6,821 | | 3,333 | | 1,882 | | ||||
| Share-based compensation | | | 915 | | | 341 | | | 101 | | | 23 | |
| ERP implementation | | | 194 | | | 153 | | | 148 | | | 161 | |
| Severance | | 4 | | — | | — | | — | | ||||
| Process improvement initiatives | | | 256 | | | — | | | 137 | | | — | |
| Adjusted EBITDA(2) | | $11,492 | | $7,315 | | $3,719 | | $2,066 | | ||||
| Operating income margin | | 3.9% | 2.5% | 2.6% | 0.6% | ||||||||
| Impact of other income | | | —% | —% | —% | —% | |||||||
| Impact of depreciation and amortization | | 3.3% | 5.9% | 1.2% | 1.6% | ||||||||
| Impact of share-based compensation | | | 0.7% | | 0.4% | | 0.1% | | —% | ||||
| Impact of ERP implementation | | | 0.1% | | 0.2% | | 0.2% | | 0.2% | ||||
| Impact of severance | | —% | —% | —% | —% | ||||||||
| Impact of process improvement initiatives | | | 0.2% | —% | 0.2% | —% | |||||||
| Adjusted EBITDA margin (2) | | 8.2% | 9.0% | 4.3% | 2.4% | ||||||||
| | | | | | | | | | | | | | |
| | | Marine | | Concrete | |||||||||
| | | Nine months ended | | Nine months ended | |||||||||
| | | September 30, | | September 30, | |||||||||
| | 2024 | 2023 | 2024 | 2023 | |||||||||
| Operating (loss) income | $(4,847) | $(587) | $6,736 | $(5,456) | | ||||||||
| Other income | | 217 | | 592 | | 82 | | — | | ||||
| Depreciation and amortization | | 14,405 | | 12,418 | | 3,153 | | 4,464 | | ||||
| EBITDA (1) | | 9,775 | | 12,423 | | 9,971 | | (992) | | ||||
| Share-based compensation | | | 2,735 | | | 1,783 | | | 195 | | | 50 | |
| Net gain on Port Lavaca South Yard property sale | | | — | | | (5,202) | | | — | | | — | |
| ERP implementation | | | 1,068 | | | 414 | | | 573 | | | 396 | |
| Severance | | 85 | | 38 | | — | | 88 | | ||||
| Process improvement initiatives | | | 256 | | | — | | | 137 | | | — | |
| Adjusted EBITDA(2) | | $13,919 | | $9,456 | | $10,876 | | $(458) | | ||||
| Operating income margin | | (1.3)% | (0.2)% | 3.3% | (2.2)% | ||||||||
| Impact of other income | | | 0.1% | 0.1% | —% | —% | |||||||
| Impact of depreciation and amortization | | 3.8% | 4.8% | 1.6% | 1.8% | ||||||||
| Impact of share-based compensation | | | 0.7% | | 0.7% | | 0.1% | | —% | ||||
| Impact of net gain on Port Lavaca South Yard property sale | | | —% | | (2.0)% | | —% | | —% | ||||
| Impact of ERP implementation | | | 0.3% | | 0.2% | | 0.3% | | 0.2% | ||||
| Impact of severance | | —% | —% | —% | —% | ||||||||
| Impact of process improvement initiatives | | | 0.1% | —% | 0.1% | —% | |||||||
| Adjusted EBITDA margin (2) | | 3.7% | 3.6% | 5.4% | (0.2)% | ||||||||
| (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, severance and process improvement initiatives. Adjusted EBITDA margin is a non-GAAP measure calculated by dividing Adjusted EBITDA by contract revenues. |
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