secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001402829-23-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282923000040/0001402829-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282923000040/orn-20230726x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-23-000040

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