Thomas Finser
Hedge fund manager, deep value, small-cap, family office

Orion Marine Group: A Brief Update

Following the Orion Marine Group (NYSE:ORN) Q1 earnings release, shares vaulted from $9 in early April to $13 by mid July. Most of these gains however, faded after the Q2 earnings release on 8/1/13. The following overview will shed some light on the Q2 earnings call and revisit the 2/28/13 investment thesis Dredging For Dollars: The Value Case For Orion Marine Group.

Q2 Earnings Review

    Rebound to profitability: EPS of 1 cent in 2013 vs. a 20-cent loss in 2012. Rebound in top-line: Contract revenue up 25% YOY to $84m (42% public sector and 58% private). Backlog: $243m, the highest level of reported backlog since Q1 2010…58% in private sector. Improved asset utilization in ...
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