And year-end Margaret. you XXXX you, thank our and joining Thank conference all fourth quarter for call.
Here with me Financial today our Thanisch, is Scott Officer. Chief
ground today, let's so cover get of to a lot We have started.
the and and to our have on and energy be for I of our and the about dividing and six impressed enormous I'll performance are course partnership ahead we the since excited the to conquering great and then Orion team Orion, formed opportunity workload. right discuss months begin with joined operations of Scott In We financials. a strategic busy put our both plan and continue talent improved us. will by Scott been
in surface of recent deeper of and results barely our have company's believe the our our scratched business we and confident will we financial improvement. are for understanding to We a our strengths XXXX. Orion's improve much potential Today, opportunities continue
XXXX a is start. In off great fact, to
the part project. building $XXX of as We a secured Friday venture. United We've contract services our history, $XXX is are concrete Dallas the Harbor won contract billion. beginning we diving largest overall a to our States the awarded with million Pearl and and lands in joint announced contract of totaling Navy great the dry dock momentum. of market the for year, over including contract were on million Since afternoon The wins when Houston $XXX in we at $XX million $X.X million our a around JV build
Our of year-end work comprises combined in the wins few billion our $X with almost next years. complete recent to backlog
on largest in recall both projects. of were concrete with marine. may ever our win And the I that and November projects on those mentioned we earnings You our Friday, bidding call, on both we won
We past proud secure of are our months. the wins few margin teams very of higher focus over the to
services to potential Orion. first of areas. critical projects marine fastest nation's a Since able mission of the and CEO, growing building validate been assuming to vital some I've the stream of sectors to infrastructure within to We're in the our provider role
Dallas in U. Marine the blue private clients Corps government the largest both Caribbean, the across long in the general of the Navy sectors segments chip Army We with and owners our Houston S. have concrete Engineers, the ports and division our contractors Metro including of Petrochem and in relationships tenured and and markets. significant Concrete in U.S. and many
people and to to adapt to strategy. our professionally The And Orion is achieve talent of is for we pool me. growth both learn essential impressive greater especially the willingness to and have executing Scott success and and our
and backgrounds supported and engaged with diverse guide us. expertise complementary Lastly, we highly a have of to Board Directors Independent
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sustainable As release, of three yesterday's the Orion's press in a for strategic we plan, long benefit we unlock stakeholders. potential our believe of all announced have which point will to term growth
a to few break minutes Now, down I'll you. it for take
of is concrete to plan business. first step The improve profitability the of our the
appointed segment one delivering of of successfully have profitably years for business complex our many and projects. leadership new We chopping Concrete experience with leadership senior our marine
have on profitability. and a improve And efficiency experienced of our We records finally, additional track and are in core robust Dallas drive the of to and markets project investing improve managers are runway and we training teams our to we refocusing markets and Houston outcomes. and giving where project tools success business
The is to development second our business point of growth. to plan drive strengthen
efforts and expansion the trillion industry and on dynamics of sector the Navy $X.X the private expansions sales Texas such build, of U.S. successful the as our Pacific, the in investments Canal public construction and the strong maintenance both infrastructure on in build in resulting capitalize rapidly will Panama port growing market. We and demand
pursuing those continuing We our and us. where putting expertise our are efforts business sharpen opportunities development to differentiate our focus, capabilities into
margins. is aim quality projects win improved with to Our
and funded infrastructure in private has Concrete elsewhere more well. both segment predictably experience sector public working our leveraging we'll in as penetrate this business market, projects. to Our construction able marine the be our the By been business with on very successful public
investing business are our relationships pursuits resources. additional into building insight deepening actionable and We to client development by gain future their in
the third and resources fund growth. Orion's realize plans, the future strengthening to and balance step improving We're potential. sheet And to investment liquidity our strategic in
of our our facility working We're assets. provide capital optimizing our credit to and of to market our extend with the on advantage improve refinancing are maturities take complete to We debt to return the us opportunities.
year. non-core we equipment efforts continue With the monetize underutilized dispose concrete of in can this our we and completion will jobs to Texas our assets estate some Central XXXX, of real
to engines carbon lower to our our also investing service emissions. supporting commitment will fleet growth, our environment, achieve better in We're the fleet to Orion's dredging more upgrade investing include in efficient
concrete fostering and between We're our operations. collaboration marine
drive have opportunity We sell synergies, work. cross leverage best the and practices to
we target and to zero continue and practices our safety culture systems. Finally, will build enhance
While of it's Houston, we wins project a concrete clients measure progress, number wins ways believe to new and there's provide public including concrete guidance, sector annual business. Dallas our to premature in our additional project in with
is sized see improvement our deliver example. our see strategy we marine, begin projects. good business incremental recent in we a larger in In win both execute And Hawaii segments, to and to we'll very as This margin projects successfully. expect
seen due Capital environment. slowing expensive, is project where to the lead we've delays sector to working market, cancellations which the are bit for of to clients. macroeconomic private we more Turning can a and
the agencies rather securing have of passing than With term projects near pipeline. bill, been on the these development focusing advancing in infrastructure funds their
lower time in bill begin IIJA in projects flowing. the funds number finished year strong with backlog, take a expect infrastructure the wins projects with some related see XXXX. few expect as we and a volumes we see to performance We year have to and continues. funded of of XXXX improved to higher year may the XXXX to will The but see started While the from the
facilities, local In the coastal projects, to BD opportunities at our including and new reputation and navy environmental segment, resources leverage resiliency identify highly levels, state additional in port sector the Marine projects. Orion's expansion we and and public respected will federal,
JOBS infrastructure multiyear transportation provide infrastructure The public funding, bridges things. a in investment projects ports, sector water Act among such for will other catalyst waterways, as and
few start a we the in While projects of these expect half to it see to will take flowing, some XXXX. time for back
and and advantage. We our teams a fleet are steep expect in making the systems efficiencies, XXXX competitive volume a investments will us our we XXXX to see ramp to in give improve up and
and business, growing such of in bid are Projects one fastest market. to in the of volume continue increased seeing end In variety to trends project an tech, opportunities in will our our as come large Texas retail markets we Demographic our states. provide Houston distribution. market, of opportunities from a continue e-commerce Concrete
airports, a driving cannot in long tailwinds quota whose public outstanding bidding enter strong see the we're pace our on focus bid long-term our infrastructure XXXX as aviation backlog, outdated pipeline and and a markets. ahead demand. we'll keep We growing solid increased sector runway projects be with and and with We such work accelerating
financial I'll Now Scott discuss operational and to initiatives return our to I'll Then with call results. over this turn remarks. close some