Orion (ORN)

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Orion Group Holdings: Top Construction Stock To Consider In 2024
Seeking Alpha· 2024-01-03 07:28
Jessie Casson/DigitalVision via Getty Images Construction company Orion Group Holdings (NYSE:ORN) grew its quarterly gross profit to a $19.1 million representing an increase of 42.5% (YoY) from $13.4 million realized in Q3 2022. The company's share price has surged 110.21% (YoY) indicating a positive turnaround into 2024 boosted by lower cost of revenues and operational expenses. Thesis Orion's focus on improving its profitability has seen it solidify its concrete business not just based on an adjusted EBIT ...