---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-23-000040"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:11:20.824304+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Orion Group Q2 net loss narrows to $0.3M; backlog soars to $818.7M

## Summary
- Revenue of $182.5M, up 14.7% sequentially but down 6.2% YoY; net loss $0.3M vs $3.1M loss a year ago.
- Concrete segment returned to monthly profitability in March; Marine won two Army Corps dredging contracts totaling $45M.
- Backlog surged to $818.7M from $467.4M at March 31, mainly due to Pearl Harbor drydock award.
- Adjusted EBITDA was $3.7M (2.0% margin), versus $5.7M (2.9% margin) in Q2 2022.
- Total debt $36.9M, no revolver draws; new $103M ABL facility and $25M sale-leaseback liquidity executed.

## SEC filing metadata
- accession: 0001402829-23-000040
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000040/0001402829-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000040/orn-20230726x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-23-000040
- JSON: https://secwatch.observer/filing/0001402829-23-000040.json
- Plain text: https://secwatch.observer/filing/0001402829-23-000040.txt

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