Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading
specialty construction company, today announced the rebranding of
its subsidiary TAS Concrete Construction (“TAS”) as Orion. This
move reflects the Company's strategic initiative to integrate its
different service offerings under one banner to leverage Orion’s
brand reputation and to deliver greater value and seamless
execution for its customers.
TAS Concrete Construction was acquired by Orion Group Holdings,
Inc. in 2015 and has continued to operate under the TAS name until
now. The Company’s concrete segment, formerly known as TAS, and its
marine segment will now operate together under the Orion name
providing its customers with a single source for specialty
construction and engineering.
“By unifying under the Orion banner, we will have a more
recognizable presence in the national market, enhancing our brand
and market opportunities. This integration will unlock new
potential for growth, foster collaboration across teams, and
support our mission to deliver high-quality solutions with
predictable excellence,” said Travis Boone, Chief Executive Officer
of Orion Group Holdings, Inc.
Through the fourth quarter 2023 and January 2024, Orion was
awarded $244.2 million in new contracts, including $38.7 million
for a beach stabilization project in Texas and $24.1 million for
dredging work in Louisiana.
About Orion Group Holdings, Inc.
Orion Group Holdings, Inc., a leading specialty construction
company serving the infrastructure, industrial and building
sectors, provides services both on and off the water in the
continental United States, Alaska, Hawaii, Canada and the Caribbean
Basin through its marine segment and its concrete segment. The
Company's marine segment provides construction and dredging
services relating to marine transportation facility construction,
marine pipeline construction, marine environmental structures,
dredging of waterways, channels and ports, environmental dredging,
design, and specialty services. Its concrete segment provides
turnkey concrete construction services including place and finish,
site prep, layout, forming, and rebar placement for large
commercial, structural and other associated business areas. The
Company is headquartered in Houston, Texas with regional offices
strategically located across its operating areas.
(oriongroupholdingsinc.com)
Forward-Looking Statements
The matters discussed in this press release may constitute or
include projections or other forward-looking statements within the
meaning of the “safe harbor” provisions of Section 27A of the
Securities Exchange Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, of which provisions
the Company is availing itself. Certain forward-looking statements
can be identified by the use of forward-looking terminology, such
as 'believes', 'expects', 'may', 'will', 'could', 'should',
'seeks', 'approximately', 'intends', 'plans', 'estimates', or
'anticipates', or the negative thereof or other comparable
terminology, or by discussions of strategy, plans, objectives,
intentions, estimates, forecasts, outlook, assumptions, or goals.
In particular, statements regarding future operations or results,
including those set forth in this press release, and any other
statement, express or implied, concerning future operating results
or the future generation of or ability to generate revenues,
income, net income, gross profit, EBITDA, Adjusted EBITDA, Adjusted
EBITDA margin, or cash flow, including to service debt, and
including any estimates, forecasts or assumptions regarding future
revenues or revenue growth, are forward-looking statements.
Forward-looking statements also include project award
announcements, estimated project start dates, anticipated revenues,
and contract options which may or may not be awarded in the future.
Forward-looking statements involve risks, including those
associated with the Company's fixed price contracts that impacts
profits, unforeseen productivity delays that may alter the final
profitability of the contract, cancellation of the contract by the
customer for unforeseen reasons, delays or decreases in funding by
the customer, levels and predictability of government funding or
other governmental budgetary constraints, and any potential
contract options which may or may not be awarded in the future, and
are at the sole discretion of award by the customer. Past
performance is not necessarily an indicator of future results. In
light of these and other uncertainties, the inclusion of
forward-looking statements in this press release should not be
regarded as a representation by the Company that the Company's
plans, estimates, forecasts, goals, intentions, or objectives will
be achieved or realized. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date hereof. The Company assumes no obligation to update
information contained in this press release whether as a result of
new developments or otherwise, except as required by law.
Please refer to the Company's 2022 Annual Report on Form 10-K,
filed on March 16, 2023, which is available on its website at
www.oriongroupholdingsinc.com or at the SEC's website at
www.sec.gov, for additional and more detailed discussion of risk
factors that could cause actual results to differ materially from
our current expectations, estimates or forecasts.
Contact:
Financial Profiles, Inc.Margaret Boyce 310-622-8247
mboyce@finprofiles.com
Orion (NYSE:ORN)
過去 株価チャート
から 5 2024 まで 6 2024
Orion (NYSE:ORN)
過去 株価チャート
から 6 2023 まで 6 2024