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)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended · · Nine months ended | |||||||||||||
| · · September 30, · · September 30, | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Net income (loss) | | $4,262 | | $(660) | | $(8,398) | | $(13,510) | | ||||
| Income tax expense (benefit) | | 82 | | (123) | | 347 | | 475 | | ||||
| Interest expense, net | | 3,544 | | 3,393 | | 10,239 | | 7,584 | | ||||
| Depreciation and amortization | | 5,568 | | 6,093 | | 17,558 | | 16,882 | | ||||
| EBITDA (1) | | 13,456 | | 8,703 | | 19,746 | | 11,431 | | ||||
| Share-based compensation | | | 1,016 | | | 364 | | | 2,930 | | | 1,833 | |
| Net gain on Port Lavaca South Yard property sale | | | — | | | — | | | — | | | (5,202) | |
| ERP implementation | | | 342 | | | 314 | | | 1,641 | | | 810 | |
| Severance | | 4 | | — | | 85 | | 126 | | ||||
| Process improvement initiatives | | | 393 | | | — | | | 393 | | | — | |
| Adjusted EBITDA(2) | | $15,211 | | $9,381 | | $24,795 | | $8,998 | | ||||
| Operating income margin | | 3.4% | 1.5% | 0.3% | (1.2)% | ||||||||
| Impact of other income | | | —% | 0.1% | 0.1% | 0.1% | |||||||
| Impact of depreciation and amortization | | 2.5% | 3.6% | 3.0% | 3.3% | ||||||||
| Impact of share-based compensation | | | 0.4% | | 0.2% | | 0.5% | | 0.4% | ||||
| Impact of net gain on Port Lavaca South Yard property sale | | | —% | | —% | | —% | | (1.0)% | ||||
| Impact of ERP implementation | | | 0.2% | | 0.2% | | 0.3% | | 0.2% | ||||
| Impact of severance | | —% | —% | —% | —% | ||||||||
| Impact of process improvement initiatives | | | 0.2% | | —% | | 0.1% | | —% | ||||
| Adjusted EBITDA margin(2) | | 6.7% | 5.6% | 4.3% | 1.8% | ||||||||
| (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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