ORION Group Holdings has rang the opening bell on the New York Stock Exchange.
Takeaway Points
- ORION Group Holdings Rings the Opening Bell on the New York Stock Exchange.
- It rang the bell to mark its 15th anniversary as a listed company, and the company is also celebrating its 30th anniversary.
- One of the most familiar images of the NYSE on the evening news is the loud ringing of a bell, signaling the opening or closing of the day’s trading.
Orion Group Holdings Rings the Opening Bell on the NYSE
ORION Group Holdings, Inc., a leading specialty construction company, announced on Wednesday that its executive leadership team rang The Opening Bell on the New York Stock Exchange (“NYSE”) to mark its 15th anniversary as a listed company. In addition, the Company is also celebrating its 30th anniversary.
Travis Boone, Chief Executive Officer of Orion Group Holdings, said, “Today was a special day for the entire Orion team, and it was an honor to ring the opening bell to mark our 15th anniversary as a listed stock on the NYSE and to celebrate our 30th anniversary as a company. Our Company has a long legacy that dates back over 100 years and it was 30 years ago that our operations were consolidated to emerge as Orion Group Holdings. Since that time, Orion has established a reputation as a leading provider for mission-critical services to the marine, industrial and infrastructure concrete sectors. Above all, I want to recognize the outstanding contributions of our people who take pride in their work and are aligned on one critical mission: delivering predictable excellence through outstanding execution.”
The Opening Bell ceremony can be watched at NYSE.com and the New York Stock Exchange – YouTube. A replay will also be available at the company’s website, ORION said.
The NYSE Bell and its History
One of the most familiar images of the NYSE on the evening news is the loud ringing of a bell, signaling the opening or closing of the day’s trading. Trading floor bells are more than just a colorful tradition. They are critical to the orderly functioning of the marketplace, assuring that no trades take place before the opening or after the close.
Bells were first used at the Exchange in the 1870s with the advent of continuous trading. A Chinese gong was the original bell of choice. But in 1903, when the Exchange moved to its current building, the gong was replaced by a brass bell — electrically operated and large enough in size to resonate throughout the voluminous main trading floor. Today, each of the four trading areas of the NYSE has its own bell, operated synchronously from a single control panel.
The brass bells functioned without incident until the late 1980s, when the NYSE decided the time had come to refurbish them and purchase a new one for backup. With that decision, the Exchange learned just how unusual its bells really are.
About ORION Group Holdings
ORION Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial, and building sectors, provides 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. The Company’s 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. Its concrete segment provides turnkey concrete construction services including place and finish, site prep, layout, forming, and rebar placement for large commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.
About NYSE
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