the Company: Orion Marine Group, Inc. /quotes/zigman/495418/delayed /quotes/nls/orn ORN -2.12% the "Company" , a leading heavy civil marine contractor serving the infrastructure sector, today is providing its investors an update on the Company's outlook and end markets. , according to Market Watch. As expected, 2014 began with a slight pull back as a result of projects experiencing accelerated production in the fourth quarter of last year. In the first quarter, the Company bid on approximately $273 million worth of opportunities and was successful on approximately $89 million, representing a win rate of approximately 33%. Additionally, the Company currently has approximately $230 million worth of bids outstanding, of which it is the apparent low bidder on approximately $77 million. The Company reminds investors that the timing and size of awards can and does affect the win rate in any particular quarter. As the larger projects announced by the Company last year commence in the second quarter, utilization of equipment is expected to improve in the back half of the year. Apr 11, 2014 via - Market Outlook
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