Orion Group Holdings, Inc. (NYSE:ORN) Q4 2022 Earnings Call Transcript

Travis Boone: Definitely. We’re anticipating seeing some opportunities later this year as the recovery money starts flowing and work starts happening there. There was the immediate response with — the emergency response and now it’s working into more of the recovery state. And as that goes on, we’ll see some opportunities to pursue down there.

Unidentified Analyst: The margins look like they could be healthy in the future in the dredging area?

Travis Boone: We believe so.

Scott Thanisch: Yes. I think that we’ve seen that slowdown that we’ve talked about in some of the dredging opportunities coming out of the Army Corps, but as that starts to break loose and we get back to work and our competitors are getting back to work on a lot of those delayed maintenance projects, we expect to be able to realize those consistent margins as our past experience.

Operator: I would now like to turn the call over to Travis Boone for closing remarks.

Travis Boone: Thank you all for joining. We appreciate everyone being here. Just kind of in closing, I’ll say we’re excited about the momentum we’re building on the winning side of the business. We’re excited about getting our banking arrangements sorted out here in the near future. And we’ve got a — and we’re well on our path here to get our projects — to be delivering our projects as we expect. So we’re excited. We have the great momentum and we’re looking forward to working through 2023 and having a successful year. So everyone have a great day and appreciate your time.

Operator: Thank you. Ladies and gentlemen, this does conclude today’s call. Thank you for your participation. You may now disconnect.