Orion Group Holdings Inc
For the period ended Mar 4, 2025. Filed Mar 4, 2025.
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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.
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)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended · · Year ended | |||||||||||||
| · · December 31, · · December 31, | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| Net income (loss) | | $6,754 | | $(4,365) | | $(1,644) | | $(17,875) | | ||||
| Income tax expense (benefit) | | 1 | | (145) | | 348 | | 330 | | ||||
| Interest expense, net | | 2,935 | | 3,972 | | 13,174 | | 11,556 | | ||||
| Depreciation and amortization | | 5,207 | | 6,996 | | 22,765 | | 23,878 | | ||||
| EBITDA (1) | | 14,897 | | 6,458 | | 34,643 | | 17,889 | | ||||
| Share-based compensation | | | 1,079 | | | 209 | | | 4,009 | | | 2,042 | |
| Net gain on Port Lavaca South Yard property sale | | | — | | | — | | | — | | | (5,202) | |
| ERP implementation | | | 488 | | | 568 | | | 2,129 | | | 1,378 | |
| Severance | | 19 | | 683 | | 104 | | 809 | | ||||
| Intangible asset impairment loss | | — | | 6,890 | | — | | 6,890 | | ||||
| Process improvement initiatives | | | 589 | | | — | | | 982 | | | — | |
| Adjusted EBITDA(2) | | $17,072 | | $14,808 | | $41,867 | | $23,806 | | ||||
| Operating income margin | | 4.4% | (0.3)% | 1.5% | (1.0)% | ||||||||
| Impact of depreciation and amortization | | 2.5% | 3.5% | 2.9% | 3.4% | ||||||||
| Impact of share-based compensation | | | 0.5% | | 0.1% | | 0.5% | | 0.3% | ||||
| Impact of net gain on Port Lavaca South Yard property sale | | | —% | | —% | | —% | | (0.7)% | ||||
| Impact of ERP implementation | | | 0.2% | | 0.3% | | 0.3% | | 0.2% | ||||
| Impact of severance | | —% | 0.3% | —% | 0.1% | ||||||||
| Impact of intangible asset impairment loss | | —% | 3.4% | —% | 1.0% | ||||||||
| Impact of process improvement initiatives | | | 0.3% | —% | 0.1% | —% | |||||||
| Adjusted EBITDA margin(2) | | 7.9% | 7.3% | 5.3% | 3.3% | ||||||||
| (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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