Orion Marine Group Updates Investors

Orion Marine Group Updates Investors

HOUSTON, Jan. 17, 2013 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (NYSE:ORN)
(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.

Market Outlook

The Company's overall outlook remains unchanged as 2013 gets underway. Private
sector bid opportunities continue to be robust with local and DOT bid
opportunities continuing at reasonable levels. Bid opportunities from the Army
Corps of Engineers continue to be choppy and uncertain under the current
funding levels and budgetary environment. As a result, the Company remains
pleased with the robust utilization of construction equipment in the second
half of 2012 and into 2013.The Company experienced a temporary increase in
dredge utilization in the back half of 2012 as a result of several smaller
private jobs in the Gulf Coast and Atlantic regions. However, it is uncertain
if this level of utilization will continue as a result of choppy bid letting
from the Army Corps of Engineers.

The Company continues to maintain a solid win rate as it executes on its
strategy to drive a larger volume of work to offset lower job margins.During
the fourth quarter, the Company bid on approximately $253 million worth of
opportunities and was successful on approximately $54 million, representing a
win rate of approximately 21%.Currently the Company has over $238 million
worth of bids outstanding, of which it is the apparent low bidder on
approximately $22 million. While the overall amount of work bid is slightly
lower than in recent quarters due to normal seasonality, the Company remains
comfortable with its future outlook and level of bid opportunities as
indicated by its tracking database that currently has over $6.5 billion worth
of opportunities over the next few years.

Overall, the Company continues to expect to see solid levels of projects
involving construction services in 2013 with uncertain levels of projects
involving dredging services.Additionally, the integration of West
Construction continues as expected and the Company remains excited regarding
the opportunities it sees in the Alaska region as it establishes a major
presence there.

Federal Update

Despite the uncertainty surrounding the federal budget, the Company was
pleased with its recent award of a seed project by the Army Corps of Engineers
under a MATOC contract.The Company will also be eligible to bid on additional
projects bid under the MATOC.Up to $500 million of work may be bid under this
MATOC. Additionally, the Company was recently awarded two contracts by the
Corps in the Gulf Coast. These recent awards by the Corps total approximately
$18 million.While these awards will somewhat help dredge utilization in the
second quarter of 2013, a steadier, more predictable pace of lettings by the
Corps of Engineers is needed to achieve higher dredge utilization levels.With
less than 3 months left before expiration of the 6-month stop-gap spending
bill passed by Congress at the end of FY2012, another supplemental bill will
have to be passed before the end of March in order for the Corps to continue
to execute on its mandate to maintain the navigability of the nation's
waterways.

The House of Representatives has also recently passed a bill containing $50
billion in funding for the recovery from Hurricane Sandy.Included in the bill
is $742 million for Operations & Maintenance budget of the Army Corps of
Engineers along with $582 million for Flood Control & Coastal Emergencies.The
bill is expected to be taken up for a vote by the Senate next week.This
legislation is welcome news to areas in the Northeast devastated by Hurricane
Sandy and will tremendously help the region begin the long road to
recovery.The Company will be closely monitoring how and where these funds are
spent, and any potential opportunities created as a result.

The Federal Government has also moved a step closer to funding the RESTORE Act
after the settlement with Transocean for $1.4 billion related to the Deepwater
Horizon disaster.The RESTORE Act will send approximately $1.1 billion of
these fines towards the restoration of the Gulf Coast ecosystems and economy
that were damaged by the 2010 spill.Fines have not been finalized against BP
but are expected to be $5 - $20 billion.

State Update

The Company continues to execute on and see a steady stream of bridge
opportunities funded primarily through states' Departments of
Transportation.While the Company has not yet seen a material improvement in
margins as a result of the two-year, $105 billion highway bill that was signed
by the President this past June, the irrational bidding seen in 2011 has
abated. 

Local & Private Update

The Company continues to see a high level of bid opportunities from local port
authorities and private customers, primarily along the Gulf Coast.Private
dredging work in the fourth quarter was helpful in increasing dredging asset
utilization; however, utilization may dip down again as these relatively short
term jobs wrap up in the beginning of 2013.Construction opportunities in both
these end markets remain strong in all of our operating regions. The Company
continues to be optimistic about the direction of these sectors.

About Orion Marine Group

Orion Marine Group, Inc. provides a broad range of marine construction and
specialty services on, over and under the water along the Gulf Coast, the
Atlantic Seaboard, the West Coast, Canada, and the Caribbean Basin and acts as
a single source turn-key solution for its customers' marine contracting needs.
Its heavy civil marine construction services include marine transportation
facility construction, marine pipeline construction, marine environmental
structures, dredging, and specialty services. Its specialty services include
salvage, demolition, diving, surveying, towing and underwater inspection,
excavation and repair. The Company is headquartered in Houston, Texas and has
a near 100-year legacy of successful operations.

The Orion Marine Group, Inc. logo is available
athttp://www.globenewswire.com/newsroom/prs/?pkgid=4539

Forward-Looking Statements

The matters discussed in this press release may constitute or include
projections or other forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, the provisions of which the
Company is availing itself. Certain forward-looking statements can be
identified by the use of forward-looking terminology, such as 'believes',
'expects', 'may', 'will', 'could', 'should', 'seeks', 'approximately',
'intends', 'plans', 'estimates', or 'anticipates', or the negative thereof or
other comparable terminology, or by discussions of strategy, plans,
objectives, intentions, estimates, forecasts, assumptions, or goals. In
particular, statements regarding future operations or results, including those
set forth in this press release, and any other statement, express or implied,
concerning future operating results or the future generation of or ability to
generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash
flow, including to service debt, and including any estimates, forecasts or
assumptions regarding future revenues or revenue growth, are forward-looking
statements. Forward-looking statements also include estimated project start
dates, expected project duration, estimated project completion dates,
anticipated revenues, and contract options which may or may not be awarded in
the future, including the statements set forth above in this press
release.Forward-looking statements involve risks, including those associated
with the Company's fixed price contracts, unforeseen productivity delays that
may alter the final profitability of the contract, cancellation of the
contract by the customer for unforeseen reasons, delays or decreases in
funding by the customer, and any potential contract options which may or may
not be awarded in the future, which awards are in the sole discretion of the
customer. Past performance is not necessarily an indicator of future results.
In light of these and other uncertainties, the inclusion of forward-looking
statements in this press release should not be regarded as a representation by
the Company that the Company's plans, estimates, forecasts, goals, intentions,
or objectives will be achieved or realized. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date hereof. The Company assumes no obligation to update information contained
in this press release whether as a result of new developments or otherwise.

Please refer to the Company's Annual Report on Form 10-K, filed on March 6,
2012, which is available on its website at www.orionmarinegroup.com or at the
SEC's website at www.sec.gov, for additional and more detailed discussion of
risk factors that could cause actual results to differ materially from our
current expectations, estimates or forecasts.

CONTACT: Orion Marine Group, Inc.
         Chris DeAlmeida, Vice President Finance & Accounting,
         713-852-6506
         Drew Swerdlow, Sr. Analyst, Finance & Investor Relations,
         713-852-6582

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