Orion Announces Dual Listing, First Quarter Earnings
Houston-based Orion Group Holdings, a specialty construction company with a dredging and marine segment, has announced the dual listing of its common stock on NYSE Texas, a newly launched fully electronic equities exchange based in Dallas. Orion’s primary listing will remain on the New York Stock Exchange under the ORN ticker.
“We are proud to be among the founding members listed on the NYSE Texas,” said Travis Boone, CEO of Orion. “With deep roots in Texas that stretch back over 40 years, our company has seen firsthand the strength and resilience of this diverse Texas economy. We are excited to align our future with an exchange that champions pro-growth values, transparency and accessibility for investors nationwide.”
Launched this year, NYSE Texas seeks to capitalize on the business community in the Lone Star State and the global companies that do business there.
“As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere,” NYSE Group President Lynn Martin said in announcing the new exchange. “We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward.”
Chris Taylor, chief development officer of NYSE Group, said Orion is a great fit for the Texas exchange.
“We are honored to welcome Orion to NYSE Texas,where the strength of the state’s pro-growth policies and business-friendly climate provide a compelling platform for forward-looking companies,” Taylor said. “We commend the company on this significant milestone.”
First Quarter Earnings
For its first quarter of 2025, Orion reported revenue growth year over year of 17.4 percent, or $188.7 million. The company also reported year-to-date contract awards of $349 million. The value of those contracts is fairly evenly split between Orion’s marine and concrete segments, with $161 million going to the marine construction segment and $188 million to the concrete segment.
“We continue to see strong demand across our markets and continue to win repeat business with our world-class partners and clients,” Boone said.
After the close of the first quarter, Orion’s marine segment has secured a $6.3 million contract with General Recycling of Washington and a $7.5 million contract for dredging with the Galveston Engineer District.
