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ORN — Orion group News Story

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Brief: Orion Group Holdings Q2 Adjusted EPS USD 0.07 Vs. IBES Estimate USD 0

Overview

Orion Q2 revenue grows 7% yr/yr to $205 mln

Adjusted EBITDA doubles to $11 mln, beating analyst expectations

Co reaffirms 2025 guidance, highlights new contract wins and management changes

Outlook

Orion reaffirms full-year 2025 revenue guidance of $800 mln to $850 mln

Company expects adjusted EBITDA for 2025 between $42 mln and $46 mln

Orion sees adjusted EPS for 2025 in range of $0.11 to $0.17

Company optimistic about second-half 2025 outlook due to strong demand

Result Drivers

NEW CONTRACT AWARDS - Revenue increased 7% to $205 mln, driven by new contract awards in Marine and Concrete segments, per CEO Travis Boone

STRONG DEMAND - Co reports robust opportunities in Marine segment due to U.S. Navy's deterrence strategy, port expansions, and energy infrastructure

BACKLOG GROWTH - Backlog increased to $750 mln with over $100 mln in new awards, including projects in Marine and Concrete segments

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Contract Revenues$205.29 mln
Q2 Adjusted EPS$0.07
Q2 EPS$0.02
Q2 Net Income$841,000
Q2 Adjusted EBITDABeat$11 mln$8.96 mln (4 Analysts)
Q2 Gross Profit$25.80 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the construction & engineering peer group is "buy" Wall Street's median 12-month price target for Orion Group Holdings Inc is $11.25, about 15.3% above its July 28 closing price of $9.53 The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 18 three months ago Press Release: ID:nGNX6zvstj (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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