Orion Group Q1 revenue rises 15% on Concrete segment growth

Orion group

28/04/2026 21:18

Overview

U.S. specialty construction firm's Q1 revenue rose 15% yr/yr, driven by Concrete segment growth

Adjusted EPS for Q1 beat analyst expectations; adjusted EBITDA missed consensus

Company reaffirmed full-year 2026 guidance amid healthy backlog and strong demand

Outlook

Orion Group Holdings sees 2026 revenue between $900 mln and $950 mln

Company expects 2026 adjusted EBITDA of $54 mln to $58 mln

Orion Group Holdings projects 2026 adjusted EPS of $0.36 to $0.42

Result Drivers

CONCRETE SEGMENT GROWTH - Revenue increase was primarily due to strong demand and expansion of services in the Concrete segment

MARINE SEGMENT DEMAND - Marine segment saw continued demand for waterfront infrastructure, supported by federal investment and new project awards

ACQUISITION IMPACT - Integration of J.E. McAmis expanded technical capabilities and enhanced project execution

Company press release: ID:nGNX6BlcqS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Contract Revenues
$216.30 mln
Q1 Adjusted EPS
Beat
$0.05
$0 (5 Analysts)
Q1 EPS
$0.12
Q1 Net Income
$4.69 mln
Q1 Adjusted EBITDA
Miss
$8.70 mln
$8.80 mln (5 Analysts)
Q1 Gross Profit
$25.88 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 39.5% above its April 27 closing price of $12.19

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)