Orion Group Holdings, Inc. (NYSE:ORN) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET

Company Participants

Francis Okoniewski - Vice President, Investor Relations

Austin Shanfelter - Interim Chief Executive Officer

Craig Owen - Chief Financial Officer Advisor

Conference Call Participants

Joe Gomes - NOBLE Capital

Julio Romero - Sidoti

Alex Rygiel - B. Riley

Marco Rodriguez - Stonegate Capital Markets

Poe Fratt - Alliance Global Partners

Operator

Greetings and welcome to Orion Group Holdings, Inc. First Quarter 2022 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn this conference over to your host, Mr. Francis Okoniewski, Vice President, Investor Relations. Thank you, sir. You may begin.

Francis Okoniewski

Thank you, Laura. Good morning, everyone and welcome to Orion Group Holdings’ first quarter 2022 earnings conference call and webcast. Joining me today are Austin Shanfelter, Orion Group Holdings’ Interim Chief Executive Officer and Craig Owen [ph], currently serving in the capacity of Chief Financial Officer Advisor. Regarding the format of the call, we have allocated about 10 minutes for prepared remarks in which Austin and Craig will highlight our results and update our outlook. We will then open the call for questions.

During the course of this conference call, we will make projections and other forward-looking statements regarding, among other things, our end markets, revenues, gross profits, gross margin, EBITDA, EBITDA margin, backlog, projects in negotiation and pending awards as well as our estimates and assumptions regarding our future growth, administrative expenses, capital expenditures. These statements are predictions that are subject to risks and uncertainty, including those described in our 10-K that may cause actual results to differ materially from those statements. Moreover, past performance is not necessarily an indicator of our future results. By providing this information, we undertake no obligation to update or revise any projections or forward-looking statements, whether as a result of new developments or otherwise. Also, please note that adjusted net income, adjusted earnings per share, EBITDA and EBITDA margin are non-GAAP financial measures under rules of the Securities and Exchange Commission, including Regulation G.

Please refer to reconciliations and definitions inclusive of the most comparable GAAP measures and reconciliation tables accompanying this earnings call within the press release issued this morning. The press release can be found on our website at www.oriongroupholdingsinc.com. Also, for additional discussion of risk factors that could cause actual results to differ materially from our current expectations, please refer to our quarterly annual filings with the SEC, which are also available in the Investors section of our website.