NYSE$ORN

Orion Group Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Orion Group Holdings reported a net loss and an increase in contract revenues for the first quarter of 2022.

Orion Group Holdings reported a net loss of $4.9 million, or $0.16 diluted loss per share, for the first quarter ended March 31, 2022. Excluding non-recurring items, the adjusted net loss was $3.2 million, or $0.10 diluted loss per share. Contract revenues increased by 14.1% to $174.9 million compared to $153.3 million in the same period last year.

  • Operating loss was $2.9 million compared to operating income of $2.1 million for the first quarter of 2021.
  • Net loss was $4.9 million ($0.16 diluted loss per share) compared to net income of $0.9 million ($0.03 diluted earnings per share) for the first quarter of 2021.
  • Adjusted EBITDA was $5.2 million compared to adjusted EBITDA of $9.5 million for the first quarter of 2021.
  • Backlog at the end of the first quarter was $604.1 million on a first quarter book-to-bill of 1.08x.

Headline financials

Total Revenue

$175M

Previous: $153M+14.1%
EPS (adj)

-$0.10

Previous: $0.04-350.0%
Adjusted EBITDA

$5.2M

Previous: $9.5M-45.3%
Total Backlog

$604M

No prior period
Capital Expenditures

-$3.52M

Previous: -$1.62M-117.7%
Free Cash Flow

-$8.38M

Previous: -$690K-1114.3%
Net Income

-$4.86M

Previous: $928K-623.3%
Operating Income

-$2.86M

Previous: $2.06M-238.9%
Gross Profit

$12.8M

Previous: $15.5M-17.1%
Cash & Equivalents

$6.73M

Previous: $4.64M+44.9%
Total Assets

$341M

Previous: $395M-13.7%
Stock-Based Comp

$370K

Previous: $383K-3.4%

Revenue & EPS history

Orion Group · Revenue · Quarterly

$175M

Q1 2022+14.1%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Orion Group · $175M total across 2 segments · Q1 2022

  • Concrete
    $90.5M+11.4%
  • Marine
    $84.5M+17.1%

Forward guidance

No specific forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+3.4%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+20.0%

Q1 2020

Best reaction

-33.4%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%+26.4%+18.6%
Q4 2025+0.0%-12.2%-14.4%
Q3 2025+11.7%+4.7%-2.1%
Q1 2025+0.9%+13.1%+30.2%
Q4 2024-10.4%-16.4%-22.0%
Q3 2024+14.2%+17.8%+63.0%
Q2 2024-33.4%-28.6%-34.0%
Q1 2024-3.7%-9.3%+15.2%
Q4 2023-11.9%+0.4%+20.6%
Q3 2023-2.1%-19.4%-13.9%
Q2 2023+6.7%+19.8%+36.7%
Q1 2023-3.4%-7.3%+0.8%
Q4 2022+1.1%-2.2%-7.5%
Q3 2022-5.7%-13.3%-7.2%
Q2 2022+5.9%+6.7%+26.4%
Q1 2022+9.3%+23.6%+12.0%
Q4 2021-23.7%-28.6%-14.0%
Q3 2021-6.0%-6.2%-8.8%
Q2 2021-3.5%-7.3%-5.5%
Q1 2021-5.9%-7.3%+1.4%
Q4 2020+0.3%-3.3%-3.3%
Q3 2020+6.8%+22.2%+47.4%
Q2 2020+9.2%+12.9%-0.4%
Q1 2020+20.0%+16.2%+25.2%
Q4 2019-6.1%-8.6%-40.7%
Q3 2019+14.5%+25.0%+28.7%
Q2 2019+12.5%+7.4%-0.7%
Q1 2019-3.8%-6.0%-17.3%
Q4 2018+0.6%-8.5%-20.4%
Q3 2018+2.8%-6.8%-7.6%
Q2 2018+1.7%+0.2%-6.2%
Q1 2018+9.8%+18.9%+27.6%
Q4 2017+7.4%+9.8%-0.8%
Q3 2017+10.6%+8.5%+9.3%
Q2 2017-8.7%-10.6%-13.6%
Q1 2017-2.2%+0.5%-3.5%
Q4 2016-3.9%-7.8%-12.9%
Q3 2016+1.8%+4.7%+19.0%
Q2 2016-3.5%+6.9%+5.4%
Q1 2016-0.4%
Q4 2015+11.0%
Q3 2015-2.3%
Q2 2015-0.3%
Q1 2015-10.4%
Q4 2014+3.2%
Q3 2014+12.0%
Q2 2014-4.1%
Q1 2014-1.4%
Q4 2013+10.6%
Q3 2013-0.8%
Q2 2013-16.4%
Q1 2013+11.6%
Q4 2012+4.7%
Q3 2012+5.5%
Q2 2012+7.5%
Q1 2011-4.0%
Q1 2012+5.1%
Q4 2009-0.8%
Q4 2011-0.8%
Q3 2010-4.5%
Q3 2011-4.5%
Q2 2011-16.8%
Q2 2010-16.8%
Q4 2010-16.8%
Q1 2010+3.4%

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