Orion Group Q2 adjusted EPS and EBITDA miss estimates; lowers FY outlook

Orion group

28/07/2026 21:26

Overview
US specialty construction firm's Q2 revenue rose 8% yr/yr, driven by Concrete segment growth
Q2 adjusted EPS and adjusted EBITDA both missed analyst expectations
Marine segment revenue and EBITDA declined due to project timing and lower equipment utilization

Outlook
Orion sees 2026 revenue between $900 mln and $950 mln, unchanged from prior guidance
Company lowers 2026 adjusted EBITDA forecast to $50 mln-$54 mln from $54 mln-$58 mln
Orion cuts 2026 adjusted EPS outlook to $0.23-$0.30 from $0.36-$0.42

Result Drivers
CONCRETE SEGMENT GROWTH - Co said Concrete segment posted over 30% revenue growth and over 45% adjusted EBITDA growth, driven by expansion of site civil services, favorable utilization and solid execution
MARINE SEGMENT DECLINE - Marine contract revenue and adjusted EBITDA were down due to timing of project start-ups and lower equipment utilization, with delays attributed to client-related issues such as site readiness and material delivery
HIGHER SG&A COSTS - Selling, general and administrative expenses increased due to costs to support business growth

Company press release: ID:nGNX70QWWw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Contract Revenues
 
$221.90 mln
 
Q2 Adjusted EPS
Miss
$0.02
$0.06 (6 Analysts)
Q2 Loss Per Share
 
$0.10
 
Q2 Net Loss
 
$4.14 mln
 
Q2 Adjusted EBITDA
Miss
$7.90 mln
$11.23 mln (6 Analysts)
Q2 Gross Profit
 
$22.93 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $17.00, about 36.9% above its July 27 closing price of $12.42
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 26 three months ago

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(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.)