Orion Group Shares Rise 18% on Marine, Concrete Awards Valued at $211.7 Million

Dow Jones

02-11

By Sabela Ojea

Shares of Orion Group climbed on pace for the largest percent increase since March 2020 after the company said that it received awards of $211.7 million.

The stock was up 18% to $9.46 on Monday. Shares have jumped 29% since the beginning of the year.

The marine and civil engineering company said that the projects are expected to begin in 2025, with varying completion dates extending through 2026.

The projects range from bridge work over waterways in Texas to environmental restoration in the Pacific Northwest.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

February 10, 2025 13:25 ET (18:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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