---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-22-000052"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:54:10.988045+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orion Q3 net income $0.2M (EPS $0.01) vs loss last year; revenue up 30.5% to $182.6M

## Summary
- Net income of $0.2M ($0.01 diluted EPS) vs net loss of $10.2M ($0.33 loss) in Q3 2021.
- Revenue rose 30.5% to $182.6M; gross profit margin improved to 7.4% from 4.7%.
- Signed $10.5M sale-leaseback of Port Lavaca property expected to close Dec 2022.
- Backlog $548.6M; new contract awards of $128M in quarter.
- Adjusted net income $0.8M ($0.02 diluted EPS) and adjusted EBITDA $8.8M.

## SEC filing metadata
- accession: 0001402829-22-000052
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000052/0001402829-22-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000052/orn-20221026x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-22-000052
- JSON: https://secwatch.observer/filing/0001402829-22-000052.json
- Plain text: https://secwatch.observer/filing/0001402829-22-000052.txt

## Key facts
- Earnings Releases
  Orion Group Holdings Inc reported the fiscal quarter ended September 30, 2022 results: revenue $182.6 million, net income $0.2 million, EPS $0.01 diluted earnings per share.
  - Period: the fiscal quarter ended September 30, 2022
  - Revenue: $182.6 million
  - Net income: $0.2 million
  - EPS: $0.01 diluted earnings per share
  - Result: reported results
  source text: along with strong project delivery, as we pursue profitable growth.” 1 Consolidated Results for Third Quarter 2022 Compared to Third Quarter 2021 ● Contract revenues were $182.6 million, an increase of $42.7 million or 30.5% as compared to $139.9 million. The increase was primarily driven by the start of large jobs awarded in the fourth quarter of 2021 in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282922000052/0001402829-22-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.