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Orion Group Holdings Announces Contract Awards Valued at Approximately $111 Million

Orion Group Holdings Announces Contract Awards Valued at Approximately $111 Million

orion group宣佈合同獎勵價值約11100萬美元
GlobeNewswire ·  11/22 05:38

HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) ("Orion" and "Company"), a leading specialty construction and engineering company today announced three contract awards, two in its Marine segment and one in its Concrete segment. Each of these projects is expected to start in 2025 and will be completed within 20 months.

休斯頓,2024年11月21日(環球新聞通訊社)——orion group holdings,inc.(紐交所:ORN)(「Orion」和「公司」),一家領先的特殊施工和工程公司,今天宣佈獲得三個合同,其中兩個在其海運部門,一個在混凝土部門。預計這些項目將於2025年開始,並在20個月內完成。

Orion Marine was awarded a significant $88 million contract by South Carolina State Ports Authority in a competitive bid process. The project is for the Hugh K. Leatherman Terminal Wharf Extension at the Port of Charleston and Orion will self-perform the construction of 1,600 linear feet of concrete pile-supported wharf as a northward extension of the existing terminal. The scope includes the installation of precast, prestressed concrete piles, along with precast caps, deck slabs, and stay-in-place concrete tubes, as well as removing dredged material to accommodate larger vessels and placing bedding and armor stone for shoreline stabilization. The project will commence in the first quarter of 2025 with an anticipated duration of 20 months.

Orion Marine在競爭激烈的買盤過程中獲得了南卡羅來納州港口管理局8800萬美元的重大合同。該項目是爲查爾斯頓港的Hugh k. Leatherman碼頭擴建,Orion將自行施工1,600英尺的混凝土樁支撐的碼頭,作爲現有碼頭的北向延伸。項目範圍包括安裝預製、預應力混凝土樁,及其預製頂板、甲板板和固定混凝土管,還包括清除疏浚材料以容納更大的船隻,並在海岸線穩定中放置基礎和石材。該項目預計將在2025年第一季度開始,預計持續20個月。

In addition, Orion Marine was awarded a $12.9 million subcontract to Haskell, a global architecture, engineering and construction firm, for the City of Tampa's design-build West Bank Riverwalk pedestrian bridge project along the Hillsborough River in downtown Tampa, Florida. Design is currently underway, and construction is scheduled to begin in the third quarter of 2025, with an anticipated duration of approximately 18 months. Orion Concrete was awarded a $10.3 million contract by HITT Contracting, LLC for the construction of a new data center building for a confidential hyperscaler client in Garland, Texas. The project is expected to start in January 2025 with a duration of nine months.
"We are proud to be selected to as a trusted partner on these key projects," said Travis Boone, President and Chief Executive Officer of Orion Group Holdings. "The South Carolina State Ports Authority project is a prime example of the growing demand for port expansion driven by larger vessels and increased global trade. Orion Marine is highly qualified for this work based on our growing reputation for on-time, on-budget delivery that meets the highest safety and quality standards. In our Concrete business, the new data center award reflects the strong relationships we have established with key contractors who rely on Orion's skillful execution and its industry leading safety record."

此外,Orion Marine獲得了全球建築、工程和施工公司Haskell的1290萬美元分包合同,項目是爲佛羅里達州坦帕市設計建設的西岸河濱步行橋,沿着坦帕市中心的Hillsborough河進行設計。目前設計正在進行中,施工計劃在2025年第三季度開始,預計持續約18個月。Orion Concrete獲得了HITt Contracting, LLC的1030萬美元合同,爲德克薩斯州加蘭市的一位保密超大規模客戶建設一座新的idc概念建築。項目預計將於2025年1月開始,持續九個月。
「我們很自豪被選爲這些關鍵項目的信任合作伙伴,」Orion Group Holdings的總裁兼首席執行官Travis Boone說。「南卡羅來納州港口管理局項目是由更大的船隻和全球貿易增長驅動的港口擴張需求增加的一個典型例子。Orion Marine在這項工作中具有極高的資格,基於我們不斷增長的聲譽,符合按時、按預算交付最高安全和質量標準。在我們的混凝土業務中,新獲得的idc概念合同反映了我們與依賴Orion高超執行能力和行業領先安全記錄的關鍵承包商之間建立的強大關係。」

Orion Group Holdings, Inc. is a renowned name in specialty construction, known for its dedication to quality, innovation, and timely project execution. With these new contract awards, Orion continues to strengthen its position as an industry leader capable of tackling complex projects with unmatched expertise.

orion group控股公司是一家在特殊施工領域享有盛譽的公司,以其對質量、創新和及時項目執行的承諾而聞名。憑藉這些新合同的授予,orion group繼續鞏固其作爲行業領軍者的地位,能夠以無與倫比的專業知識應對複雜項目。

About Orion Group Holdings

關於Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company's marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including place and finish, site prep, layout, forming, and rebar placement for large commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas. .

orion group控股公司是一家領先的特殊施工公司,服務於製造行業、工業和建築行業,在美國大陸、阿拉斯加、夏威夷、加拿大和加勒比地區通過其海運部門和混凝土部門提供陸上和水上服務。該公司的海運部門提供與海運設施施工、海上管道施工、海洋環保結構、航道和港口的疏浚、環保疏浚、設計和特殊服務相關的施工和疏浚服務。其混凝土部門提供交鑰匙混凝土施工服務,包括大型商業、結構和其他相關業務領域的澆築、壓光、場地準備、佈置、成型和鋼筋放置。公司總部位於德克薩斯州休斯頓,在其運營區域內設有區域型辦公室。

Forward-Looking Statements

前瞻性聲明

The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the "safe harbor" provisions of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, of which provisions the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as 'believes', 'expects', 'may', 'will', 'could', 'should', 'seeks', 'approximately', 'intends', 'plans', 'estimates', or 'anticipates', or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release, and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, gross profit, EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, , are forward-looking statements. Forward-looking statements also include project award announcements, estimated project start dates, anticipated revenues, and contract options which may or may not be awarded in the future. Forward-looking statements involve risks, including those associated with the Company's fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints, and any potential contract options which may or may not be awarded in the future, and are at the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company's plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise, except as required by law.

本新聞稿中討論的事項可能構成或包括根據1933年證券交易法(經修訂)第27A節和1934年證券交易法(經修訂)第21E節的「安全港」條款的預測或其他前瞻性聲明,公司正在利用這些條款。某些前瞻性聲明可以通過使用前瞻性術語來識別,例如「相信」、「預計」、「可能」、「將」、「可以」、「應該」、「尋求」、「大約」、「打算」、「計劃」、「估計」或「預期」,或以上述內容的否定形式,或其他可比較的術語,或通過有關策略、計劃、目標、意圖、估計、預測、前景、假設或目標的討論而識別。特別是,關於未來運營或結果的聲明,包括本新聞稿中列出的聲明,以及其他任何表達或暗示關於未來運營結果或未來收入、利潤、淨利潤、毛利潤、EBITDA、調整後EBITDA、調整後EBITDA利潤率或現金流的產生能力或能力的聲明,包括用於償還債務的聲明,以及關於未來收入或收入增長的任何估計、預測或假設,均爲前瞻性聲明。前瞻性聲明還包括項目授予公告、預計的項目開始日期、預期收入和可能在未來獲得或不獲得的合同選項。前瞻性聲明涉及風險,包括與公司固定價格合同相關的風險,這會影響利潤、可能改變合同最終盈利能力的不可預見的生產延遲、客戶因不可預見原因取消合同、客戶資金的延遲或減少、政府資金水平和可預測性或其他政府預算限制,以及任何可能在未來獲得或不獲得的潛在合同選項,且完全由客戶自主決定。過往業績並不一定是未來結果的指標。鑑於這些及其他不確定性,本新聞稿中包含的前瞻性聲明不應被視爲公司對其計劃、估計、預測、目標、意圖或目標將會實現或兌現的陳述。讀者被告誡不要對這些前瞻性聲明過於依賴,這些聲明僅在本聲明之日有效。公司不承擔更新本新聞稿中包含的信息的義務,無論是由於新發展還是其他情況,除非法律要求。

Please refer to the Company's 2022 Annual Report on Form 10-K, filed on March 16, 2023, which is available on its website at or at the SEC's website at www.sec.gov, for additional and more detailed discussion of risk factors that could cause actual results to differ materially from our current expectations, estimates or forecasts.

請參考公司於2023年3月16日提交的2022年度10-K報告,該報告可在其網站上獲取。 或者在SEC網站上查閱。 www.sec.gov以獲取關於可能導致實際結果與我們當前的預期、估計或預測存在實質性差異的風險因素的更多詳細討論。

Contact:

聯繫方式:

Financial Profiles, Inc.
Margaret Boyce 310-622-8247
mboyce@finprofiles.com

金融個人資料,Inc。
瑪格麗特.伯伊斯 310-622-8247
mboyce@finprofiles.com

Source: Orion Group Holdings, Inc.

來源:orion group控股有限公司。


譯文內容由第三人軟體翻譯。


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