General background
−Removed: Orion Group Holdings, Inc., is a leading specialty construction company serving the infrastructure, industrial, and building sectors, providing services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment.
−Removed: Our marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services.
−Removed: Our concrete segment provides turnkey concrete construction services including place and finish, site preparation, layout, forming, and rebar placement for large commercial, structural and other associated business areas.
+Added: Orion Group Holdings, Inc.
+Added: and subsidiaries, is a leading specialty construction company serving the infrastructure, industrial, and building sectors, providing services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin through its marine segment and its concrete segment.
+Added: Our marine segment provides construction and dredging services including marine transportation facility construction, marine pipeline construction, marine environmental structures construction, dredging of waterways, channels and ports, environmental dredging, design, and specialty services related to marine construction, fabrication, and dredging.
+Added: Our concrete segment provides turnkey concrete construction services including concrete surface place and finish, site preparation, layout, forming, and rebar placement for large commercial, structural and other associated business areas.
We are headquartered in Houston, Texas with regional offices throughout our operating areas.
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Today we are focused on becoming the leading specialty construction and engineering company in the infrastructure, industrial, and building sectors and will continue to seek growth opportunities through greenfield expansion, acquisitions, vertical integration, and diversification.
−Removed: Our operating principles and guiding beliefs include:
−Removed: ● Safety - We believe workplace safety and accident prevention is our moral obligation as well as a good business practice.
−Removed: By identifying and concentrating resources to address job site hazards, we continually strive to reduce our incident rates and the severity of the incidents.
−Removed: ● Quality - We believe in the importance of performing high quality work.
−Removed: ● Delivery - We believe in the importance of performing tasks safely, efficiently, and timely with industry-leading execution.
−Removed: ● Teamwork - We relentlessly pursue success together across the business as a team.
−Removed: ● Integrity - We believe that integrity is the foundation upon which all other operating principles and guiding beliefs rest and it is achieved through maintaining high ethical standards through an established code of conduct and an effective company-wide compliance program.
−Removed: ● Sustainability - We are committed to sustainability throughout our operations and throughout our corporate functions and we advance initiatives that support a more sustainable world.
−Removed: We do business in a way that meets the needs of the present while contributing to an environmentally, socially, and economically sustainable future .
−Removed: Our Business Strategy
−Removed: Following a comprehensive review of our operations, assets and talent, we have developed a three point strategic plan to unlock Orion’s full potential for long-term, sustainable growth to the benefit of all of our stakeholders.
−Removed: Three Point Strategic Plan
−Removed: 1.) Improve the profitability of the concrete business.
−Removed: ● Appointed new leadership for the concrete segment, tapping one of our senior leaders from the Marine business with many years of experience successfully and profitably delivering complex projects.
−Removed: ● Refocus our concrete business in core Texas markets of Dallas and Houston, robust markets where we have a track record of success and a runway to improve profitability.
−Removed: ● Invest in additional experienced project managers, and give our project teams the training and tools to drive efficiency and improved business outcomes.
−Removed: 2.) Strengthen business development to drive growth.
−Removed: ● Build on our successful sales efforts and capitalize on favorable industry dynamics including the $1.2 trillion infrastructure bill;
−Removed: Navy investments in the Pacific;
−Removed: port expansions and maintenance resulting from the Panama Canal Expansion, and strong construction demand in both private and public sectors of the rapidly growing Texas market.
−Removed: ● Sharpen our business development focus, putting our efforts into pursuing those opportunities where our capabilities and expertise differentiate us.
−Removed: Our aim is to win quality projects at improved margins.
−Removed: ● Leverage our experience in the public infrastructure construction market from other parts of our business to assist our concrete segment in penetrating this more predictably funded sector.
−Removed: ● Build and deepen our client relationships to gain actionable insight into their future pursuits by investing in additional business development resources.
−Removed: 3.) Investment and resources to realize Orion’s full potential.
−Removed: ● Strengthen our balance sheet for future growth.
−Removed: Complete the refinancing of our current credit facility to extend our debt maturities and provide us with the capital to take advantage of our market opportunities.
−Removed: ● Optimize our return on assets.
−Removed: The completion of our Central Texas concrete jobs in 2023 will present opportunities to sell or redeploy underutilized equipment.
−Removed: In addition, we will continue our efforts to monetize non-core real estate assets this year.
−Removed: ● Invest in our dredging fleet to better service our growth.
−Removed: Supporting our commitment to the environment, Orion’s fleet upgrades will also include investing in more efficient engines to achieve lower carbon emissions.
−Removed: ● Collaborate between our concrete and marine operations to drive synergies and leverage best practices.
−Removed: Our teams are now working together across divisions and have a shared sense of mission and purpose.
−Removed: ● Continue to enhance and build our “Target Zero” safety culture, practices, and systems.
Services Provided
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and other marine-based facilities.
−Removed: These projects typically require the positioning and installation of steel or
−Removed: concrete fabrication dock or mooring structures designed for durability and longevity, and involve driving piles of concrete, pipe or sheet pile to provide a foundation for the port facility structure that we subsequently construct on the piles.
+Added: These projects typically require the positioning and installation of steel or concrete fabrication dock or mooring structures designed for durability and longevity, and involve driving piles of concrete, pipe or sheet pile to provide a foundation for the port facility structure that we subsequently construct on the
We also provide on-going maintenance and repair, inspection services, emergency repair, and demolition and salvage services to such facilities.
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These piles can exceed four feet in diameter, can range up to 170 feet in overall length, and are often driven 90 feet into the sea or river floor.
−Removed: We do not control the funding of bridge and causeway work, which has not been consistently available.
−Removed: Marine environmental structure projects may include the installation of concrete mattresses to promote erosion protection;
−Removed: construction of levees to contain environmental mitigation projects, and the installation of geotubes for wetlands and island creation.
+Added: We do not control the funding of bridge and causeway work, which has not been consistently available to fund maintenance and projects in the marine infrastructure industry.
+Added: Marine environmental structure projects may include the installation of concrete mattresses to promote erosion protection, construction of levees to contain environmental mitigation projects, and the installation of geotubes for wetlands and island creation.
Such structures are used for erosion control, wetlands creation and environmental remediation.
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We maintain multiple specialty dredges of various sizes and specifications to meet customer needs.
−Removed: Our dredging services are typically combined with our marine construction services to provide a turn-key solution for our customers.
+Added: Our dredging services are typically combined with our marine construction services to provide a turnkey solution for our customers.
Our specialty services include design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation and repair.
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Concrete Construction Services
−Removed: The concrete segment has earned a reputation as one of the most recognizable and reputable concrete contractors where we operate.
−Removed: Our success has been achieved by maintaining a focus on our clients and addressing their problems.
−Removed: The commercial construction arena has been our focus and we have completed thousands of successful commercial projects – both simple and complex in the broader Texas market including Houston, Dallas, Fort Worth, Austin and San Antonio.
+Added: Our concrete construction services have been involved in thousands of successful commercial projects – both simple and complex – in the broader Texas market, including Houston, Dallas and Fort Worth where we continue to operate, as well as Austin and San Antonio where we are in the process of winding down our operations.
Our portfolio of commercial projects includes warehouse and distribution, medical, retail, education, office buildings, multi-family, religious, industrial and community projects – nearly the full spectrum of commercial construction projects.
We are a turnkey subcontractor that performs the vast majority of all our work with our own labor forces.
−Removed: Warehouse and distribution projects include large, intermediate and small facilities serving needs in nearly every commercial, private and public industry.
−Removed: Typically, the developer and builders construction method of choice for these projects are concrete tilt-wall structures ranging in size from a few thousand square feet to over one million square feet.
−Removed: Speed, efficiency and quality are keys to meeting our clients’ needs to deliver projects on or ahead of schedule.
−Removed: We have received awards for many of these projects.
−Removed: Medical/healthcare projects always come with stringent requirements.
−Removed: We have the knowledge and experience to meet these high expectations.
−Removed: From hospitals to laboratories, including high rises and their garages, we know how to carry out construction activities in densely occupied areas with minimal disturbance to critical facilities daily operations.
−Removed: We apply our concrete experience to a variety of office building project types, including low, mid-rise and high-rise concrete structures, whether in downtown metropolitan cities or in business districts serving neighboring communities.
+Added: Our warehouse and distribution projects include large, intermediate and small facilities that are involved in nearly every commercial, private and public industry.
+Added: Typically, the developer and builder’s construction method of choice for these projects are concrete tilt-wall structures ranging in size from a few thousand square feet to over one million square feet.
+Added: We also apply our concrete experience to a variety of office building project types, including low, mid-rise and high-rise concrete structures, whether in downtown metropolitan cities or in business districts serving neighboring communities.
We utilize different technologies for elevated concrete structures, such as high-rise concrete structures.
We have the abundant knowledge of the extensive formwork systems, cranes and equipment needed to successfully deliver multi-family projects – typically in tight spaces, whether it be podium structures, mid-rise, high-rise and luxury projects.
−Removed: We have earned the reputation for successfully managing and delivering multi-family projects with aggressive schedules.
−Removed: We bring a breadth of knowledge and a diverse portfolio of education projects.
−Removed: We have completed over 20 million square feet of education projects including libraries, higher education, research facilities, athletic facilities, stadiums, elementary, middle and high schools.
−Removed: We have also applied our skills to state of the art performing arts facilities and studios.
−Removed: Retail centers play an important role for serving our neighborhoods.
−Removed: They address a variety of community needs and we have had the opportunity to build large regional shopping malls, national chain stores, power centers, small strip centers and corner retail shops.
+Added: Our medical/healthcare projects range from hospitals to laboratories, including high rises and their garages.
We also have had the great privilege of teaming with church leaders and church builders to create worship areas for people from all walks of life.
−Removed: With more than 5 million square feet of worship and fellowship facilities, our religious portfolio includes projects ranging from 2,000 square feet to more than 200,000 square feet.
Industry and Market Overview
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We provide our services to similar customers, or in some cases, the same customers, across the markets served by our business.
−Removed: Our marine segment customers may be in diverse end markets, including port expansion and maintenance, bridges, causeways and other marine infrastructure, the recreational waterside industry, the U.S.
+Added: Our marine segment customers are from time to time in diverse end markets, including port expansion and maintenance, bridges, causeways and other marine infrastructure, the recreational waterside industry, the U.S.
Department of Defense, the energy industry, coastal protection and reclamation, along with hurricane restoration and repair and environmental remediation.
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Port Expansion and Maintenance
−Removed: Expected increases in cargo volume and future demands from larger ships transiting the expanded Panama Canal will require ports, especially along the Gulf Coast and Atlantic Seaboard, to expand their dock capacity and port infrastructure to accommodate larger container ships and increased cargo volumes, as well as perform additional dredging services to deepen and maintain their channels.
+Added: Expected increases in cargo volume and future demands from larger ships transiting the expanded Panama Canal will require ports, especially along the Gulf Coast and Atlantic Seaboard, to expand dock capacity and port infrastructure to accommodate larger container ships and increased cargo volumes, as well as additional dredging services to deepen and maintain channels.
We provide customers in this sector turnkey services to meet all their port expansion and maintenance work.
Bridges and Causeways
−Removed: According to the American Society of Civil Engineers, as of their most recent report, one in thirteen of the nation’s bridges are structurally deficient, and the average age of the nation’s bridges is 45 years old.
+Added: According to the 2021 report of the American Society of Civil Engineers, one in thirteen of the nation’s bridges are structurally deficient, and 42% of all bridges in the nation are at least 50 years old.
We are able to construct or restore overwater bridges, and design, repair, or replace, fendering systems for customers.
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While waterway usage is increasing, the facilities and supporting systems are aging.
−Removed: In addition, channels
−Removed: and waterways must maintain certain depths to accommodate ship and barge traffic.
+Added: In addition, channels and waterways must maintain certain depths to accommodate ship and barge traffic.
Natural sedimentation in these channels and waterways require routine maintenance dredging to maintain navigability.
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The increase in new businesses and new educational facilities has sparked the need for additional hotels and stadiums across the metropolitan areas of Texas.
−Removed: Our customers in the marine segment include federal, state and local governmental agencies as well as private commercial and industrial enterprises in the United States and the Caribbean Basin.
+Added: Our customers in the marine segment include federal, state and local governmental agencies as well as private commercial and industrial enterprises in the Caribbean Basin and the United States, including Alaska and Hawaii.
Customers in our concrete segment include general contractors along with owners and developers of medical facilities, religious developments, sports complexes and stadiums, school districts and developers, owners of industrial, commercial and residential buildings, and some governmental agencies across the metropolitan areas of Texas.
Most projects are competitively bid, with the award typically going to the lowest qualified bidder.
−Removed: Our customer base shifts from time to time depending on the types of projects we bid, and ultimately are successful on obtaining.
−Removed: The following table represents contract revenue and concentrations of contract revenue by type of customer for the years ended December 31, 2022, 2021 and 2020.
+Added: Our customer base shifts from time to time depending on the types of projects we bid, and are ultimately successful on obtaining.
+Added: The following table represents contract revenue (in thousands) and concentrations of contract revenue by type of customer for the years ended December 31, 2023, 2022 and 2021.
Federal Government
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In our marine segment, we compete with several regional marine construction services companies and a few national marine construction services companies.
−Removed: In the past, interest groups have unsuccessfully lobbied Congress to modify or
−Removed: repeal the Jones Act to facilitate foreign flag competition for trades and cargos currently reserved for U.S.
−Removed: flag vessels under the Jones Act.
−Removed: If these efforts are ever successful, it could result in significantly increased competition and have a material adverse effect on our marine segment business, results of operations, cash flows or financial condition.
+Added: In the past, interest groups have unsuccessfully lobbied Congress to modify or repeal the Merchant Marine Act of 1920 (the “Jones Act”) to facilitate foreign flag competition for trades and cargos currently reserved for U.S.
+Added: flagged vessels under the Jones Act.
+Added: If these efforts were to be successful, it could result in significantly increased competition and have a material adverse effect on our marine segment business, results of operations, cash flows or financial condition.
From time to time, we compete with certain national land-based heavy civil contractors.
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Both of our segments are highly fragmented with competitors generally varying within the markets we serve and with few competitors competing in all of the markets we serve or for all of the services that we provide.
−Removed: We believe that our turnkey capability, expertise, experience and reputation for providing safe and timely quality services, safety record and programs, versatile equipment fleet, financial strength, surety bonding capacity, knowledge of local markets and conditions, and project management and estimating abilities allow us to compete effectively.
+Added: We believe that our turnkey capability, expertise, experience and reputation for providing safe and timely quality services, safety record and programs, versatile equipment fleet, financial strength, surety bonding capacity, knowledge of local markets and conditions, and project management and estimating abilities are competitive strengths that allow us to compete effectively.
We believe significant barriers to entry exist in the markets in which we operate, including the ability to bond large projects, maritime law constraints, specialized marine equipment and technical experience;
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We operate under a number of trade names.
−Removed: We consolidate our operations under the brand name “Orion Group Holdings, Inc.” We may be known as Orion Marine Group, Orion Marine Construction, Orion Marine Contractors, Orion Construction, East and West Jones Placement Area, Schneider E&C, Orion Industrial Construction, Orion Concrete Construction, T.A.S.
−Removed: Commercial Concrete Construction, T.A.S.
−Removed: Commercial Concrete Solutions, T.A.S.
−Removed: Proco, or Houston Industrial Tool Services.
+Added: We consolidate our operations under the brand name “Orion Group Holdings, Inc.” We may be known as Orion Marine Group, Orion Marine Construction, Orion Marine Contractors, Orion Construction, East and West Jones Placement Area, Schneider E&C, Orion Industrial Construction, Orion Concrete Construction, Proco, or Houston Industrial Tool Services.
We do not generally register our trademarks with the U.S.
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While we consider our trade names to be valuable assets, we do not consider any single trademark or trade name to be of such material importance that its absence would cause a material disruption of our business.
−Removed: We operate and maintain a large and diverse equipment fleet in our marine and concrete segments, substantially all of which we own, that includes the following:
−Removed: ● Barges - spud barges, material barges, deck barges, anchor barges, hopper barges, and fuel barges.
−Removed: These vessels are used to provide work platforms for cranes and other equipment, to transport materials to the project site and to provide support for the project at the project site.
−Removed: ● Dayboats - small pushboats, dredge tenders and skiffs are used to shift barges at the project site, to move personnel and to provide general support to the project site.
−Removed: ● Tugs - larger pushboats and tug boats are used to transport barges and other support equipment to and from the project site.
−Removed: ● Dredges - 24” cutter head suction dredges (diesel), 20” cutter head suction dredge (diesel/electric), 20” cutter head suction dredges (diesel), 16” cutter head suction dredges, and 12” portable cutter head suction dredges are used to provide dredging services at project sites.
−Removed: ● Cranes - crawler lattice boom cranes with lift capability from 50 tons to 400 tons and hydraulic rough terrain cranes with lift capability from 15 tons to 60 tons are used to provide lifting and pile driving capabilities on project sites, and to provide bucket work, including mechanical dredging and dragline work, to project sites.
−Removed: ● Tower Cranes - Capable of being assembled to reach heights of 600 feet and have a capacity of 44,000 pounds with a maximum of 242 foot working radius.
−Removed: ● Pump Trucks - concrete pump trucks are large, diesel-powered trucks mounted with a powerful pump, and an extendable, sectioned hose or cylinder to help facilitate the placement of concrete for construction projects.
−Removed: ● Laser Screeds - laser screeds are self-propelled four wheel drive, four wheel steer units that encompass a 20’ telescoping boom with a 12’ wide placement head.
−Removed: The screed head itself consists of 3 parts:
−Removed: the plow, the auger, and the vibrator.
−Removed: The plow disperses the concrete evenly, the auger removes the excess material to finished grade, and the vibrator smooths the surface.
−Removed: The screed has an on board computer system able to determine the correct elevation height and provide commands for elevation control.
−Removed: We believe that ownership of certain equipment is generally preferable to leased or rented equipment in some cases because it ensures the equipment is available as needed and normally results in lower costs.
+Added: We operate and maintain a large and diverse equipment fleet in our marine and concrete segments, substantially all of which we own, that includes barges, dayboats, tugs, dredges, cranes, pump trucks and laser screeds.
+Added: We believe that ownership of certain equipment is generally preferable to spot leasing or rental of equipment in some cases because it ensures the equipment is available as needed and normally results in lower costs.
We continually monitor and adjust our fleet size so that it is consistent with the size of the business, considering both existing backlog and expected future work.
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In our marine segment, some of our equipment requires certification by the U.S.
−Removed: All equipment which requires certification has obtained such certification and is maintained in good standing thereunder.
+Added: All equipment that requires certification has obtained such certification and is maintained in good standing thereunder.
In addition, where required, our vessels’ permissible loading capacities require certification by the American Bureau of Shipping (“ABS”).
−Removed: The ABS is an independent classification society which certifies that certain of our larger, seagoing vessels are “in-class,” signifying that the vessels have been built and maintained in accordance with ABS standards and applicable U.S.
+Added: The ABS is an independent classification society that certifies that certain of our larger, seagoing vessels are “in-class,” signifying that the vessels have been built and maintained in accordance with ABS standards and applicable U.S.
Coast Guard rules and regulations.
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● permitting and inspection requirements applicable to marine construction projects.
−Removed: In our marine segment, we are also subject to government regulations pursuant to the Foreign Dredge Act, the Merchant Marine Act of 1920, commonly referred to as the "Jones Act", the Shipping Act and the Vessel Documentation Act.
+Added: In our marine segment, we are also subject to government regulations pursuant to the Foreign Dredge Act, the Jones Act, the Shipping Act and the Vessel Documentation Act.
These statutes require vessels engaged in the transport of merchandise or passengers between two points in the United States or dredging in the navigable waters of the U.S.
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citizenship ownership and control standards require the vessel-owning entity to be at least 75% U.S.
−Removed: citizen owned and prohibit the demise or bareboat
−Removed: chartering of the vessel to any entity that does not meet the 75% U.S.
+Added: citizen owned and prohibit the demise or bareboat chartering of the vessel to any entity that does not meet the 75% U.S.
citizen ownership test.
These statutes, together with similar requirements for other sectors of the maritime industry, are collectively referred to as “cabotage” laws.
−Removed: In both our marine and concrete segments, we are subject to the requirements of OSHA and certain regulations for the EPA.
+Added: In both our marine and concrete segments, we are subject to the requirements of the U.S.
+Added: Occupational Safety and Health Administration (“OSHA”) and certain regulations for the Environmental Protection Agency (“EPA”).
We believe that we are in material compliance with applicable regulatory requirements and have all material licenses required to conduct our operations.
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We believe that compliance with existing federal, state and local environmental laws and regulations will not have a material adverse effect on our business, results of operations, or financial condition.
−Removed: In addition, we could be affected by future laws or regulations.
+Added: We could be affected by future laws or regulations.
As a result, there can be no assurance as to the amount or timing of future expenditures for environmental compliance or remediation, and actual future expenditures may be different from the amounts we currently anticipate.
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Such classes of persons include the current and past owners or operators of sites where a hazardous substance was released, and companies that disposed or arranged for the disposal of hazardous substances at offsite locations, such as landfills.
−Removed: CERCLA authorizes the EPA, and in some cases third parties, to take actions in response to threats to the public health or the environment and to seek to recover from the responsible classes of persons the costs they incur.
+Added: CERCLA authorizes the EPA, and in some cases third parties, to take actions in response to threats to the public health or the
+Added: environment and to seek to recover from the responsible classes of persons the costs they incur.
Under CERCLA, such persons may be subject to joint and several liability for the costs of cleaning up the hazardous substances that have been released into the environment, for damages to natural resources and for the costs of certain health studies.
In addition, neighboring landowners and other third parties often file claims for personal injury and property damage allegedly caused by the hazardous substances released into the environment.
−Removed: We currently own or lease properties that have been used by other industries for a number of years.
+Added: We currently own or lease properties that have been used by others prior to our ownership.
Although we typically have used operating and disposal practices that were standard in the industry at the time, wastes may have been disposed of or released on or under the properties owned or leased by us, on or under other locations where such substances have been taken for disposal, or on or under project sites where we perform work.
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Additionally, our dredging operations in Florida are impacted by limitations for placement of dredge spoil materials on designated spoil disposal islands, from April through August of each year, when the islands are inhabited by nesting colonies of protected bird species.
−Removed: Further, restrictions on work during the Whooping Crane nesting period in the Aransas Pass National Wildlife Refuge from October 1 through April 15 each year and during the non-dormant grass season for sea grass in the Laguna Madre from March 1 through November 30 each year impact our construction operations in the Texas Gulf Coast area.
+Added: Further, restrictions on work during the Whooping
+Added: Crane nesting period in the Aransas Pass National Wildlife Refuge from October 1 through April 15 each year and during the non-dormant grass season for sea grass in the Laguna Madre from March 1 through November 30 each year impact our construction operations in the Texas Gulf Coast area.
We plan our operations and bidding activity with these restrictions and limitations in mind, and they have not materially hindered our business in the past.
However, these and other restrictions may affect our ability to obtain work or to complete our projects on time in the future.
−Removed: In addition, while
−Removed: we believe that we are in material compliance with the ESA, the discovery of previously unidentified endangered species could cause us to incur additional costs or become subject to operating restrictions or bans in the affected area.
+Added: In addition, while we believe that we are in material compliance with the ESA, the discovery of previously unidentified endangered species could cause us to incur additional costs or become subject to operating restrictions or bans in the affected area.
Climate Change
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We believe our employees are our most valuable resource, and our workforce possesses a strong dedication to and pride in our company.
−Removed: Our employees are not currently represented by labor unions, except certain employees in our marine segment located in the Pacific Northwest and Alaska and certain employees operating specialized equipment for our concrete segment, in respect of which collective bargaining agreements are in place.
+Added: Our employees are not currently represented by labor unions, except certain employees in our marine segment located in the Pacific, including Washington, Alaska, and Hawaii, as well as certain employees operating specialized equipment for our concrete segment, in respect of which collective bargaining agreements are in place.
Employees represented by collective bargaining agreements represent approximately 4.8% of our total workforce.
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We are a project-driven marine and concrete contractor, and our operations represent two reportable segments for financial reporting.
−Removed: Our business is primarily conducted along the coastal regions of the United States for our marine segment and in the metropolitan areas of Texas for our concrete segment.
+Added: Our business is primarily conducted along the coastal regions of the United States, including Alaska and Hawaii, for our marine segment and in the metropolitan areas of Texas for our concrete segment.
Revenues generated from our marine segment outside the United States, primarily in the Caribbean Basin and Mexico, totaled 5.1%, 0.9% and 0.5% of total revenues for the years ended December 31, 2023, 2022 and 2021, respectively.
Our long-lived assets are substantially located in the United States.
+Added: Information about our Executive Officers
+Added: Certain information concerning our executive officers and directors as of March 1, 2024 is set forth below.
+Added: Position with the Company
+Added: Year Joined the Registrant
+Added: Chairman of the Board
+Added: President and Chief Executive Officer
+Added: Scott Thanisch
+Added: Executive Vice President and Chief Financial Officer
+Added: Chipman Earle
+Added: Executive Vice President, Chief Administrative Officer, Chief Compliance Officer, General Counsel and Secretary
Access to the Company’s Filings
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.