ORN
Orion Group Holdings, Inc.10.70
-0.21-1.92%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Margin details, pipeline visibility
Q&A drilled into 2026 margins, expecting McAmis to lift Marine via higher blends while Concrete nudges to mid-single digits from 4.5%. Pipeline grew robustly with $8.5B eyed for 2026 awards and $1B pending decisions, chalking backlog dips to timing shifts now resolving. Data centers claim 40% of Concrete revenue, set to rise with site civil push into larger campuses. Derrick barge readies in 6-8 months for quick payback. Win rates steady at 15-20%. Backlog builds soon. Bulls eye conversions.
Key Stats
Market Cap
426.94MP/E (TTM)
39.63Basic EPS (TTM)
0.27Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Orion posted Q3 revenues of $225.1M, off 0.7% y/y yet lifting gross profit 10% to $29.8M on sharper marine execution, while concrete stumbled into a $5.7M operating loss from weather delays. Operating income slipped to $5.3M from $7.8M y/y, but YTD swung to $9.6M profit versus last year's $1.9M; diluted EPS held at $0.08 on 39.8M shares, matching disclosure. Marine (64% of revenue) drove gains with $11.0M operating income, up from $5.5M. Cash dipped to $4.9M with $41.2M revolver availability and $23M term loan at 10.5% average rate; OCF hit $14.3M YTD but FCF trailed at negative $11.3M (derived) after $25.5M capex. Sold Jones property October 24 for $23.5M to cut debt. Concrete losses expose weather risks.
8-K
Orion raises 2025 guidance
Orion Group Holdings posted Q3 revenue of $225.1 million and Adjusted EBITDA of $13.1 million, steady versus last year but up sequentially on Marine strength and $160 million in bookings; backlog holds at $679 million. Cash from operations hit $23 million. Management raised 2025 guidance to $825-860 million revenue, $44-46 million Adjusted EBITDA. Bonding capacity expanded $400 million; Jones property sold for $23.5 million.
8-K
Q3 beat, guidance raised
Orion Group Holdings reported Q3 revenue of $225 million and adjusted EBITDA of $13 million, with Marine segment margins surging over 50% to 12% on strong execution, while Concrete posted a $4 million adjusted EBITDA loss from non-recurring prior-year benefits. Booked $160 million in new awards, lifting backlog to $679 million; closed East and West Jones sale for $23.5 million to cut debt. Raised FY2025 guidance: revenue $825-860 million, adjusted EBITDA $44-46 million. Momentum builds.
8-K
Board appoints construction veteran
Orion Group Holdings expanded its board from seven to eight directors, appointing Robert Ledford effective November 19, 2025. Ledford, 61, brings over 35 years in construction leadership, including CEO of Prime Electric since 2019 and senior roles at AECOM and Parsons. His M&A and financial expertise will guide Orion's growth strategy. He receives pro-rated equity like other independent directors.
10-Q
Q2 FY2025 results
Orion Group Holdings swung to profitability in Q2 FY2025, posting $205.3M in contract revenues, up 6.8% y/y, fueled by new awards in marine construction and concrete segments. Gross profit climbed 41.1% y/y to $25.8M, lifting operating income to $3.4M from a $2.8M loss, while diluted EPS hit $0.02 versus a $0.20 loss; YTD, revenues rose 11.6% y/y to $393.9M but netted a slim $0.01 loss per share on a $6.7M concrete operating loss. Marine drove the momentum with $135.3M revenues and $6.2M operating income, up sharply y/y, while concrete slipped to a $2.8M loss from prior close-outs. Cash dipped to $1.7M amid $9.0M operating outflows and $16.2M capex, offset by $21.9M revolver availability under the $103M credit facility maturing 2028; free cash flow not disclosed in the 10-Q. Backlog holds steady at $745.7M. Yet government funding delays remain a persistent drag.
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