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HOUSTON - Orion Group Holdings, Inc. (NYSE: ORN), a prominent specialty construction company with a market capitalization of $331 million, has announced the dual listing of its common stock on the NYSE Texas, a new fully electronic equities exchange based in Dallas. The company will retain its primary listing on the New York Stock Exchange, continuing to trade under the ticker symbol "ORN." According to InvestingPro data, the stock has shown strong momentum with a 14.32% return year-to-date.
Travis Boone, CEO of Orion, expressed pride in joining NYSE Texas, highlighting the company’s long-standing presence in Texas and its commitment to growth and investor accessibility in the region. Chris Taylor, Chief Development Officer of NYSE Group, welcomed Orion, noting the exchange’s alignment with Texas’s business-friendly policies. InvestingPro analysis suggests the company is currently undervalued, with 12 additional exclusive insights available to subscribers.
Orion Group Holdings operates in the infrastructure, industrial, and building sectors, providing services through its marine and concrete segments across the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. The company, headquartered in Houston with regional offices supporting its operations, generates annual revenue of $824 million and maintains a moderate debt level with a debt-to-capital ratio of 0.22.
This expansion into the NYSE Texas is a strategic move by Orion, which anticipates leveraging the new exchange’s potential to reach a broader investor base and capitalize on the economic environment of Texas. Discover comprehensive analysis and detailed metrics about Orion’s financial health, valuation, and growth prospects in the exclusive Pro Research Report, available on InvestingPro.
The press release also included forward-looking statements regarding the company’s future operations and financial outlook. However, it was accompanied by the usual caution that such statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
This announcement is based on a press release statement from Orion Group Holdings, Inc.
In other recent news, Orion Group Holdings Inc reported a robust start to 2025, surpassing earnings expectations with an earnings per share (EPS) of $0.01, compared to the forecasted loss of $0.07. Revenue also exceeded projections, reaching $188.7 million against an anticipated $177.32 million. This performance is largely attributed to significant growth in the marine and concrete sectors, which contributed to a 17% year-over-year revenue increase. Orion Group’s backlog increased to $840 million from $729 million in the previous quarter, highlighting new project wins and a strong pipeline. Analysts from Craig Hallum noted the positive outlook for future defense spending opportunities, while Sidoti and Company highlighted the company’s strong supplier relationships as a competitive advantage. Orion Group’s management expressed optimism about the company’s trajectory, with a full-year revenue projection between $800 million and $850 million. Additionally, the firm anticipates adjusted EPS guidance of $0.11 to $0.17, supported by a strategic focus on expanding its project portfolio.
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