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HOUSTON - Orion Group Holdings, Inc. (NYSE:ORN) announced today that it has secured new contract awards totaling over $120 million, split evenly between its Marine and Concrete segments. These new contracts add to the company’s robust performance, with InvestingPro data showing revenue growth of nearly 16% over the last twelve months to $837 million.
The specialty construction company’s Marine segment won contracts for maintenance dredging with the U.S. Army Corps of Engineers, repair work on a marine transportation facility, and installation of a crane trestle for a major transportation project.
In the Concrete segment, the company secured multiple data center projects along with several manufacturing and healthcare contracts, according to the press release.
"I’m proud of how our team continues to raise the bar, executing complex projects with predictable excellence," said Travis Boone, Chief Executive Officer of Orion Group Holdings.
The company also announced its participation in D.A. Davidson’s 24th Annual Diversified Industrials & Services Conference, scheduled for September 18-19, 2025, in Nashville, Tennessee. Management will take part in a fireside chat on Thursday, September 18.
Orion Group Holdings provides construction services through two main business segments. Its marine segment offers construction and dredging services for marine transportation facilities, pipelines, and environmental structures, while its concrete segment delivers turnkey concrete construction services for commercial and structural projects.
The Houston-based company operates throughout the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin. The company’s stock has shown strong momentum with a 35% gain over the past six months, and InvestingPro data indicates positive net income growth expectations for this year.
In other recent news, Orion Group Holdings Inc. reported its financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.02, beating the forecast of $0.00. Additionally, Orion Group posted revenue of $205 million, exceeding the projected $198.3 million. The company also announced securing new contract awards totaling over $120 million, distributed between its Marine and Concrete segments. These contracts include maintenance dredging for the U.S. Army Corps of Engineers and multiple data center projects. Texas Capital Securities initiated coverage on Orion Marine Group with a Buy rating and a price target of $9.00. The research firm noted Orion’s strategic transformation under new leadership since 2022, contributing to revenue growth and margin expansion. These developments highlight Orion Group’s ongoing business momentum and strategic advancements.
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