Orion Marine Group, Inc. today reported net income for the three months ended December 31, 2015, of $1.4 million ($0.05 diluted earnings per share).
These results compare to net income of $5.3 million ($0.19 diluted earnings per share) for the same period a year ago.
For the full year 2015, Orion Marine Group reported a net loss of $8.1 million ($0.30 diluted loss per share), which compares to the prior full year 2014 net income of $6.9 million ($0.25 diluted earnings per share).
“2015 was a year filled with accomplishments, as well as challenges,” said Mark Stauffer, Orion Marine Group’s President and Chief Executive Officer.
“In our heavy civil marine construction segment, weather and project delays, along with the project execution issues during 2015 were disappointing developments in a year I initially had such high hopes for. However, the markets in both our segments remain strong and I have taken steps to correct the operational issues impacting our heavy civil marine construction segment.”
Full Year 2015
Consolidated Results