Orion Group Holdings Shares Soar 14.34% on New Contracts

Orion Group Holdings, Inc. (NYSE:ORN) shares surged 14.34% in pre-market trading on April 9, 2025, marking a significant rise in investor interest.

Orion Group Holdings, Inc. recently reported its financial results for the fourth quarter and full year of 2024. The company's revenue for the quarter was $216.88 million, falling short of the consensus estimate of $271.70 million. The company also reported a negative net margin of 1.63% and a negative return on equity of 0.71%.

Looking ahead, Orion Group Holdings is scheduled to report its first quarter 2025 financial results on April 29, 2025. This upcoming earnings report is expected to provide further insights into the company's financial performance and future outlook.

Orion Group Holdings has been awarded $211.7 million in new contracts, which is expected to drive its growth in the coming quarters. The company has three large markets to service, and analysts are optimistic about its potential to benefit from marine infrastructure development.