“Nine months ago, we began our journey to turn Orion around. “Our second quarter performance was a significant improvement over our first quarter results and reflected the progress our team is making in executing our strategy to achieve long-term growth and value creation,” said Travis Boone, Chief Executive Officer of Orion Group Holdings. See definitions and reconciliation of non-GAAP measures elsewhere in this release. Backlog and awarded contracts totaled $903 million at quarter end.Marine awarded two dredging contracts totaling $45 million from the Army Corps of Engineers.Concrete segment returned to profitability during the second quarter.Net loss was $0.3 million or $0.01 per diluted share. Contract revenues of $182.5 million increased 14.7% sequentially.Highlights for the quarter ended June 30, 2023: (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the second quarter ended June 30, 2023. HOUSTON, J(GLOBE NEWSWIRE) - Orion Group Holdings, Inc.
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