Orion Marine Group (ORN) Posts Smaller Q1 Loss

Orion Marine Group (NYSE: ORN) reported Q1 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $81.3 million versus the consensus estimate of $82.45 million.

"As expected, we experienced a pullback in revenue in the first quarter as a result of accelerated production in the fourth quarter of last year," said Mike Pearson, Chief Executive Officer. "However, improvements in production on certain projects in their final stages of completion resulted in some year over year improvement in gross margin in the first quarter. Overall, we are pleased with our start to 2014 and excited about the large projects we will be starting in the coming months and the bid market we see ahead of us."

For earnings history and earnings-related data on Orion Marine Group (ORN) click here.

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