Orion Group Holdings Files 8-K on Financial Results
Ticker: ORN · Form: 8-K · Filed: Feb 28, 2024 · CIK: 1402829
| Field | Detail |
|---|---|
| Company | Orion Group Holdings Inc (ORN) |
| Form Type | 8-K |
| Filed Date | Feb 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financial-condition, 8-K
TL;DR
**Orion Group Holdings just dropped an 8-K on their financial results, so keep an eye out for the details!**
AI Summary
Orion Group Holdings, Inc. filed an 8-K on February 28, 2024, to report on its results of operations and financial condition. The filing, under accession number 0001402829-24-000011, also included financial statements and exhibits. This report was filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Why It Matters
This filing provides an update on Orion Group Holdings' financial performance, offering transparency to investors and the market regarding its operational health.
Risk Assessment
Risk Level: low — This 8-K is a routine filing for reporting financial results and does not indicate an immediate high-risk event.
Key Players & Entities
- Orion Group Holdings Inc (company) — Registrant filing the 8-K
- February 28, 2024 (date) — Date of earliest event reported and filing date
- 1-33891 (other) — Commission File Number
- 26-0097459 (other) — IRS Employer Identification Number
- Houston, Texas (other) — Location of principal executive offices
FAQ
What is the purpose of this 8-K filing by Orion Group Holdings, Inc.?
The 8-K filing by Orion Group Holdings, Inc. is to report on its results of operations and financial condition, as well as to include financial statements and exhibits, as stated in the 'ITEM INFORMATION' section.
When was this 8-K filed and what is the date of the earliest event reported?
The 8-K was filed on February 28, 2024, and the date of the earliest event reported is also February 28, 2024, as indicated in the 'Date of Report' section.
Under which section of the Securities Exchange Act of 1934 was this report filed?
This report was filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as stated in the 'FORM 8-K CURRENT REPORT' section.
What is the business address and phone number of Orion Group Holdings, Inc.?
The business address of Orion Group Holdings, Inc. is 12000 Aerospace Suite 300, Houston, Texas 77034, and its telephone number is (713) 852-6500, according to the 'BUSINESS ADDRESS' and 'BUSINESS PHONE' sections.
What was the former name of Orion Group Holdings, Inc. and when did the name change occur?
The former name of Orion Group Holdings, Inc. was Orion Marine Group Inc., and the date of the name change was June 12, 2007 (20070612), as per the 'FORMER COMPANY' section.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-02-28 16:48:31
Key Financial Figures
- $0.01 — ge on Which Registered Common stock, $0.01 par value per share ORN The New Yor
Filing Documents
- orn-20240228x8k.htm (8-K) — 39KB
- orn-20240228xex99d1.htm (EX-99.1) — 845KB
- orn-20240228xex99d1001.jpg (GRAPHIC) — 7KB
- 0001402829-24-000011.txt ( ) — 1052KB
- orn-20240228.xsd (EX-101.SCH) — 3KB
- orn-20240228_lab.xml (EX-101.LAB) — 16KB
- orn-20240228_pre.xml (EX-101.PRE) — 11KB
- orn-20240228x8k_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 28, 2024, Orion Group Holdings, Inc. (the "Company") issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Item 2.02 to the Company's Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for any purpose, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing. Use of Non-GAAP Financial Information To help understand the Company's financial performance, the Company has supplemented its financial results that it provides in accordance with generally accepted accounting principles ("GAAP") with non-GAAP financial measures. Such financial measures include Adjusted Net Income (Loss), Adjusted Earnings (Loss) Per Common Share, earnings before interest, taxes, depreciation and amortization ("EBITDA"), Adjusted EBITDA, and Adjusted EBITDA Margin. We believe these non-GAAP financial measures are frequently used by investors, securities analysts and other parties in the evaluation of our performance and liquidity with that of other companies in our industry. Management uses these measures to evaluate our operating performance, liquidity and capital structure. In addition, our incentive compensation plan measures performance based on our consolidated EBITDA, along with other factors. The methods we use to produce these non-GAAP financial measures may differ from methods used by other companies. These measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. Applicable reconciliations to the near
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Orion Group Holdings, Inc. dated February 28, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). EXHIBIT INDEX Exhibit No. Description 99.1 Press Release of Orion Group Holdings, Inc. dated February 28, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Orion Group Holdings, Inc. Dated: February 28, 2024 By: /s/ Travis J. Boone President and Chief Executive Officer