Posted on January 3, 2025
At Orion (NYSE: ORN), we’re proud to be a vital provider of services to the marine, industrial, and infrastructure concrete sectors. This year, we’re poised to capitalize on the largest market opportunity in our 100-year history.
Here’s what’s driving this momentum:
Historic Infrastructure Investments:
– $1.2 trillion Infrastructure Investment and Jobs Act fueling public sector projects.
– U.S. Navy investing heavily in the Pacific Deterrence Initiative.
– Expansion of port waterways and facilities to support larger vessels.
– $10 billion allocated for Gulf Coastline restoration in Louisiana alone.
– Increasing demand for data center build-outs driven by AI applications.
Major Wins and Growing Opportunities:
– A $435 million contract to build a dry dock at Pearl Harbor—a multi-year project opening doors for more Pacific work.
– A $120 million design-build contract for Grand Bahama Shipyard’s dry dock, the largest in the Western Hemisphere.
– 29 data center projects completed or underway, installing over 300,000 cubic yards of concrete for leading hyperscalers.
– A $28 million concrete award with Costco Wholesale for one of their largest distribution centers, marking our 16th project with Costco.
What Sets Orion Apart:
– Our diverse team with a unified focus on Safety, Quality, Delivery, and Teamwork all built upon the foundation of Integrity.
– Predictable excellence and high-quality results.
– A strong safety record with zero lost time incidents for two consecutive years.
– Competitive advantages like Jones Act protections and specialized equipment, skills, and certifications.
Thank you to our employees, clients, and vendors who make it possible to achieve these milestones and build a stronger future together.
