Orion Group Holdings Inc
For the period ended Mar 4, 2025. Filed Mar 4, 2025.
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Mar 4, 2025 · Filed Mar 4, 2025
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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 | |||||||||||||
| · · December 31, · · December 31, | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Operating income (loss) | | 7,165 | | 4,257 | | 2,467 | | (4,844) | | ||||
| Other income | | 25 | | 49 | | 33 | | — | | ||||
| Depreciation and amortization | | 4,288 | | 5,801 | | 919 | | 1,195 | | ||||
| EBITDA (1) | | 11,478 | | 10,107 | | 3,419 | | (3,649) | | ||||
| Share-based compensation | | | 976 | | | 175 | | | 103 | | | 34 | |
| ERP implementation | | | 325 | | | 352 | | | 163 | | | 216 | |
| Severance | | 19 | | 683 | | — | | — | | ||||
| Intangible asset impairment loss | | | — | | | — | | | — | | | 6,890 | |
| Process Improvement initiatives | | | 387 | | | — | | | 202 | | | — | |
| Adjusted EBITDA(2) | | $13,185 | | $11,317 | | $3,887 | | $3,491 | | ||||
| Operating income margin | | 5.0% | 3.2% | 3.4% | (7.3)% | ||||||||
| Impact of other income | | | —% | —% | —% | —% | |||||||
| Impact of depreciation and amortization | | 3.0% | 4.3% | 1.3% | 1.8% | ||||||||
| Impact of share-based compensation | | | 0.7% | | 0.1% | | 0.1% | | 0.1% | ||||
| Impact of ERP implementation | | | 0.2% | | 0.3% | | 0.2% | | 0.3% | ||||
| Impact of severance | | —% | | 0.5% | | —% | | —% | |||||
| Impact of intangible asset impairment loss | | | —% | | —% | | —% | | 10.4% | ||||
| Impact of process improvement initiatives | | | 0.3% | | —% | | 0.3% | | —% | ||||
| Adjusted EBITDA margin (2) | | 9.2% | 8.4% | 5.3% | 5.3% | ||||||||
| | | | | | | | | | | | | | |
| | | Marine | | Concrete | |||||||||
| | | Year ended | | Year ended | |||||||||
| | | December 31, | | December 31, | |||||||||
| | 2024 | 2023 | 2024 | 2023 | |||||||||
| Operating income (loss) | | 2,318 | | 3,670 | | 9,203 | | (10,300) | | ||||
| Other income | | 242 | | 641 | | 115 | | — | | ||||
| Depreciation and amortization | | 18,693 | | 18,219 | | 4,072 | | 5,659 | | ||||
| EBITDA (1) | | 21,253 | | 22,530 | | 13,390 | | (4,641) | | ||||
| Share-based compensation | | | 3,711 | | | 1,958 | | | 298 | | | 84 | |
| Net gain on Port Lavaca South Yard property sale | | | — | | | (5,202) | | | — | | | — | |
| ERP implementation | | | 1,393 | | | 766 | | | 736 | | | 612 | |
| Severance | | 104 | | 721 | | — | | 88 | | ||||
| Intangible asset impairment loss | | | — | | | — | | | — | | | 6,890 | |
| Process improvement initiatives | | | 643 | | | — | | | 339 | | | — | |
| Adjusted EBITDA(2) | | $27,104 | | $20,773 | | $14,763 | | $3,033 | | ||||
| Operating income margin | | 0.5% | 0.8% | 3.4% | (3.3)% | ||||||||
| Impact of other income | | | —% | 0.2% | —% | —% | |||||||
| Impact of depreciation and amortization | | 3.6% | 4.6% | 1.5% | 1.9% | ||||||||
| Impact of share-based compensation | | | 0.7% | | 0.5% | | 0.1% | | —% | ||||
| Impact of net gain on Port Lavaca South Yard property sale | | | —% | | (1.3)% | | —% | | —% | ||||
| Impact of ERP implementation | | | 0.3% | | 0.2% | | 0.3% | | 0.2% | ||||
| Impact of severance | | —% | 0.2% | —% | —% | ||||||||
| Impact of intangible asset impairment loss | | | —% | —% | —% | 2.2% | |||||||
| Impact of process improvement initiatives | | | 0.1% | —% | 0.1% | —% | |||||||
| Adjusted EBITDA margin (2) | | 5.2% | 5.2% | 5.4% | 1.0% | ||||||||
| (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, intangible asset impairment loss and process improvement initiatives. Adjusted EBITDA margin is a non-GAAP measure calculated by dividing Adjusted EBITDA by contract revenues. |
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