---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-23-000054"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:13:02.051064+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Q3 revenue $168.5M, net loss $0.7M, backlog $877.5M up 60% YoY

## Summary
- Contract revenues of $168.5M, down 7.7% YoY; net loss $0.7M ($0.02/share) vs net income $0.2M in Q3 2022.
- Adjusted net income $0.8M ($0.02/share); Adjusted EBITDA $9.4M (5.6% margin), up from $8.8M (4.8%) in Q3 2022.
- Backlog $877.5M at Sep 30, 2023, up 60% from $548.6M a year ago, driven by Marine segment ($699.9M).
- Signed contract >$100M with Grand Bahama Shipyard for dry dock replacement; other awards totaling ~$121M.
- Concrete business profitable on unconsolidated operating income basis; CEO sees continued margin improvement.

## SEC filing metadata
- accession: 0001402829-23-000054
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000054/0001402829-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000054/orn-20231025x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-23-000054
- JSON: https://secwatch.observer/filing/0001402829-23-000054.json
- Plain text: https://secwatch.observer/filing/0001402829-23-000054.txt

## Key facts
- Earnings Releases
  Orion Group Holdings Inc reported the third quarter ended September 30, 2023 results: revenue $168.5 million, net income $0.7 million or $0.02 per diluted share, EPS $0.02 per diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $168.5 million
  - Net income: $0.7 million or $0.02 per diluted share
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: company, today reported its financial results for the third quarter ended September 30, 2023. ​ Highlights for the quarter ended September 30, 2023: ​ ● Contract revenues of $168.5 million ● GAAP net loss was $0.7 million or $0.02 per diluted share ● Adjusted net income was $0.8 million or $0.02 per diluted share ● Adjusted EBITDA was $9.4 million ● Signed contract
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282923000054/0001402829-23-000054-index.htm

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