{"schema_version":"secwatch.filing_event.v1","accession":"0001402829-23-000023","form_type":"8-K","ticker":"ORN","cik":"0001402829","company_name":"Orion Group Holdings Inc","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.715747+00:00","generated_at":"2026-06-15T06:07:53.593157+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Orion Q1 net loss widens to $12.6M; revenue down 9%; backlog $467M; secures $36M property sale","bullets":["Q1 contract revenues $159.2M, down 9.0% YoY; net loss of $12.6M ($0.39 diluted loss) vs loss of $4.9M ($0.16) a year ago.","Adjusted EBITDA negative $4.1M (2.6% margin) vs positive $5.2M (3.0%) in Q1 2022.","Backlog at March 31 was $467.4M; new awards of $624M not yet reflected in backlog.","Entered contract to sell East West Jones properties for $36M; expected close Q3; proceeds to reduce debt.","New ABL credit facility of $38M term loan and $65M revolver to replace existing credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001402829-23-000023","json":"https://secwatch.observer/filing/0001402829-23-000023.json","markdown":"https://secwatch.observer/filing/0001402829-23-000023.md","text":"https://secwatch.observer/filing/0001402829-23-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402829/000140282923000023/0001402829-23-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402829/000140282923000023/orn-20230505x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:07:53.593157+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1f928b7202262f8a0480d56e46899079ec4675b9","claim":"Orion Group Holdings Inc reported the fiscal quarter ended March 31, 2023 results: revenue $159.2 million, net income $12.6 million, EPS $0.39 per diluted share.","evidence_excerpt":"totaled $ 1.1 billion ● Entered into a sales contract for the Company’s East West Jones properties for a purchase price of $36 million ● Contract revenues decreased 9.0% to $159.2 million ● Net loss was $12.6 million or $0.39 per diluted share ● Adjusted EBITDA was negative $4.1 million ​ See definitions and reconciliation of non-GAAP measures elsewhere in this","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402829/000140282923000023/0001402829-23-000023-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$159.2 million"},{"label":"Net income","value":"$12.6 million"},{"label":"EPS","value":"$0.39 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ea322944f307747673c14310773532501ebeb01d","claim":"Orion Group Holdings Inc entered into Consent Letter with Regions Bank, as Administrative Agent and Collateral Agent, and certain other lenders (effective 2023-05-05).","evidence_excerpt":"On May 5, 2023, Orion Group Holdings, Inc. (the “Company”) entered into a Consent Letter (the “Consent Letter”) by and between the Company, as borrower, certain subsidiaries of the Company (the “Guarantors”), Regions Bank, as Administrative Agent (in such capacity, the “Administrative Agent”) and Collateral Agent, and certain other banks and lenders party to the Consent Letter (the “Required Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402829/000140282923000023/0001402829-23-000023-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Regions Bank, as Administrative Agent and Collateral Agent, and certain other lenders"},{"label":"Effective","value":"2023-05-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}