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10 Construction Stocks Under $10 - Insider Monkey

10 Construction Stocks Under $10
In this article we will take a look at the 10 construction stocks under $10. You can skip our detailed analysis of the construction industry’s outlook for 2021 and some of the major growth catalysts for construction companies and go directly to the
The global construction industry is growing at a positive rate and is expected to reach an estimated value of $10.5 trillion by 2023. The forecasted growth rate for the market is approximately 4.2% from 2018 to 2023 according to Research and Markets. The factors that are driving this growth include population increases in developing countries, necessary upgradation of infrastructure in developed economies, the growing trend towards increased residential development, and investment in renewable energy and telecommunication sectors. President Biden’s ambitious infrastructure plan is also set to boost some notable construction stocks in 2021 and beyond. ....

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ORN results in line with expectations - Dredging Today

ORN results in line with expectations
April 29, 2021,
posted by
Zlatan Hrvacevic
Orion Group Holdings, Inc. (ORN), one of the leading dredging companies in the US, yesterday reported net income of $0.9 million for the first quarter ended March 31, 2021.
According to
Mark Stauffer, Orion’s Chief Executive Officer, the results for the first quarter were in-line with the company’s expectations. “First quarter results reflect the impact of the historic winter storm that affected our Texas operations, causing work on Texas projects in both segments, including for dredging projects, to stop for up to ten days. This reduced revenue for the quarter by approximately $8.2 million and lowered earnings per share by approximately $0.03.” ....

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Orion Reports Increased Earnings For Fourth Quarter, Year

March 1, 2021
By Waterways Journal
Orion Group Holdings Inc. reported net income of $3.7 million, or 12 cents diluted earnings per share, for the fourth quarter of 2020. That compares to $0.2 million, or 1 cent per share, for the same quarter a year ago. Operating income was $5.1 million for the fourth quarter of 2020, compared to operating income of $2.7 million for the fourth quarter of 2019.
The fourth quarter 2020 net income included $0.6 million of non-recurring items and $0.7 million of tax benefit associated with the movement of certain valuation allowances, the company said in the February 24 announcement. Fourth quarter 2020 adjusted net income was $3.5 million, or 12 cents diluted earnings per share. ....

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ORN reports strong growth in profitability

ORN reports strong growth in profitability
February 25, 2021,
posted by
Zlatan Hrvacevic
Orion Group Holdings, Inc. (ORN) yesterday reported net income of $3.7 million ($0.12 diluted earnings per share) for the fourth quarter ended December 31, 2020.
According to
Mark Stauffer, Orion’s Chief Executive Officer, the company delivered strong growth in profitability and cash flow for the full year 2020.
“Despite the headwinds to the U.S. economy and our business resulting from the COVID-19 pandemic, our adjusted EBITDA increased more than 35% over 2019 and we improved our adjusted EBITDA margin by 210 basis points. This was the direct result of the commitment and resolve of our employees, coupled with the benefits of our Invest, Scale and Grow program, which we initiated in 2019,” said ....

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Orion Group Holdings, Inc. Announces Contract Awards of Approximately $27 Million

Press release content from Business Wire. The AP news staff was not involved in its creation.
Orion Group Holdings, Inc. Announces Contract Awards of Approximately $27 Million
January 21, 2021 GMT
HOUSTON (BUSINESS WIRE) Jan 21, 2021
Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced contract awards totaling approximately $27 million.
The Company’s Concrete segment has been awarded several contracts to provide concrete and associated paving services. In the Central Texas region, the Company has been awarded an $11.6 million contract to construct a large tilt-wall distribution center. The Company has been awarded five additional contracts totaling $15.1 million for various tilt wall and paving projects; four in the greater Dallas/Fort Worth area and one in the Houston market. Work on all these projects will commence in the late first quarter to early second quarter of 2021 and be completed befo ....

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