Orbital Energy Group Inc

NASDAQ:OEG   11:07:31 AM EDT
+0.07 (+4.67%)
Debt Financing / Related, Divestitures / Spin-offs, Earnings Announcements

Orbital Energy's Board Approved Management’s Recommendation For Certain Restructuring And Costs Reduction Actions

Published: 01/03/2022 21:29 GMT
Orbital Energy Group Inc (OEG) - Orbital Energy - on Dec 28, Board Approved Management’s Recommendation for Certain Restructuring and Costs Reduction Actions.
Orbital Energy - Restructuring and Costs Reduction Actions Include Disposing of 2 Units, Orbital Gas Systems, North America & Orbital Gas Systems.
Orbital Energy - at This Time Does Not Expect to Terminate Employees Under a Plan of Termination for the Orbital Gas Subsidiaries.
Orbital Energy Group Inc - Expect to Sell Orbital Uk in Q1 of 2022.
Orbital Energy Group - Will Begin Actively Soliciting Interests for Acquisition of Ogsna, Which We Anticipate Selling During 2022.
Orbital Energy - Does Not Believe Disposal Costs, Impairment Charges Related to Disposal of Orbital Gas Units Will Have Adverse Effect on Financial Performance.
Revenue is expected to be $45.02 Million
Adjusted EPS is expected to be -$0.11

Next Quarter Revenue Guidance is expected to be $70.49 Million
Next Quarter EPS Guidance is expected to be -$0.06

More details on our Analysts Page.