Orion Group Holdings Announces Contract Awards Valued at Approximately $111 Million
Portfolio Pulse from
Orion Group Holdings, Inc. has announced new contract awards valued at approximately $111 million, with projects in both its Marine and Concrete segments. These projects are set to begin in 2025 and are expected to be completed within 20 months.
November 21, 2024 | 10:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Orion Group Holdings has secured $111 million in new contracts, which will positively impact its revenue streams in the Marine and Concrete segments. The projects are set to begin in 2025 and will be completed within 20 months.
The announcement of $111 million in new contracts is a significant development for Orion Group Holdings, indicating a strong pipeline of future work. This is likely to positively impact the company's revenue and financial performance, particularly in the Marine and Concrete segments. The projects' start in 2025 provides a clear timeline for investors to anticipate revenue recognition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100