Orion Group Holdings Announces Contract Awards of Approximately $27 Million

Posted on January 22, 2021

HOUSTON–(BUSINESS WIRE)–Jan. 21, 2021– Orion Group Holdings, Inc. (NYSE: ORN) 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 before year end.

“Our Concrete team has started the year strong, with multiple awards across our markets,” said Mark Stauffer, Orion’s President and Chief Executive Officer. “We will work to build on this momentum by continuing to provide quality and value to the marketplace.”

About 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, 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 pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.

Please refer to the Company’s Annual Report on Form 10-K, filed on February 28, 2020, which is available on its website at www.oriongroupholdingsinc.com 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.

Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138

Robert Tabb, Vice President & CFO
(713) 852-6500

Source: Orion Group Holdings, Inc.

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