Orion Marine: Fourth Quarter Earnings Overview

Orion Marine Group Reports Fourth Quarter Financial Results

Orion Marine Group Inc., headquartered in Houston, announced a net loss of $240,000 for the fourth quarter.

The company reported a per-share loss of $0.01. After adjusting for non-recurring items, earnings came in at $0.08 per share.

These adjusted earnings surpassed analysts’ expectations. According to Zacks Investment Research, the consensus estimate from three analysts was $0.06 per share.

Revenue for the quarter reached $233.2 million, exceeding the $226.7 million forecasted by analysts surveyed by Zacks.

For the full year, Orion Marine Group posted a profit of $2.5 million, or $0.06 per share, with total revenue amounting to $852.3 million.

Looking ahead, the company anticipates annual earnings between $0.36 and $0.42 per share, and projects revenue to fall within the $900 million to $950 million range.

This article was created by Automated Insights using data provided by Zacks Investment Research.