Orion Marine Group (ORN) Misses Q2 EPS by 1c
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Orion Marine Group, Inc. Reports Second Quarter 2014 Results; Reports Record Backlog
July 31, 2014 5:00 AM EDTHOUSTON, July 31, 2014 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (NYSE: ORN) (the "Company"), a heavy civil marine contractor, today reported a net loss for the three months ended June 30, 2014, of $1.2 million ($0.04 diluted loss per share). These results compare to a net profit of $0.2 million ($0.01 diluted earnings per share) for the same period a year ago.
"As we indicated, the mix of projects in the second quarter and the delay in the start dates for certain projects led to gaps in project schedules, which put pressure on margins during the second quarter due to... More
