Orion Marine Group, Inc. a leading heavy civil marine contractor, today reported net income for the three months ended March 31, 2010, of $4.8 million or $0.18 diluted earnings per share. These results compare to net income of $4.3 million or $0.20 diluted earnings per share for the same period a year ago. “During the quarter we continued to execute our growth plan by growing revenues, acquiring T.W. LaQuay Dredging, and expanding into the Pacific Northwest,” said Mike Pearson, Orion Marine Group’s President and Chief Executive Officer. “Looking forward, we have a record backlog, continue to see solid end markets with good funding drivers, and remain optimistic about 2010 and beyond.”
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