---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-24-000011"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:31:22.431305+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Group Q4 2023: revenues $201.6M, adjusted EBITDA $14.8M, backlog $762M

## Summary
- Q4 contract revenues $201.6M (+2.8% YoY); gross profit margin improved to 11.4% from 5.2%.
- GAAP net loss $4.4M ($0.13/diluted share); adjusted net income $2.6M ($0.08/share).
- Full year 2023 revenues $711.8M; GAAP net loss $17.9M ($0.55/diluted share).
- Backlog $762.2M at Dec 31, 2023, plus $121M awarded post-quarter; Marine $602.5M, Concrete $159.7M.
- Entered contract to sell East West Jones properties for $34M, expected close Q2 2024; credit facility amended with lower rates.

## SEC filing metadata
- accession: 0001402829-24-000011
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2024-02-28T23:59:59+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/1402829/000140282924000011/0001402829-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000011/orn-20240228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-24-000011
- JSON: https://secwatch.observer/filing/0001402829-24-000011.json
- Plain text: https://secwatch.observer/filing/0001402829-24-000011.txt

## Key facts
- Earnings Releases
  Orion Group Holdings Inc reported the fourth quarter and full year ended December 31, 2023 results: revenue $201.6 million, net income ($4.4 million) or ($0.13) per diluted share, EPS ($0.13) per diluted share.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: $201.6 million
  - Net income: ($4.4 million) or ($0.13) per diluted share
  - EPS: ($0.13) per diluted share
  - Result: reported results
  source text: today reported its financial results for the fourth quarter and full year ended December 31, 2023. ​ Highlights for the quarter ended December 31, 2023: ● Contract revenues of $201.6 million ● GAAP net loss was $4.4 million or $0.13 per diluted share ● Adjusted net income was $2.6 million or $0.08 per diluted share ● Adjusted EBITDA was $14.8 million ● Backlog and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000011/0001402829-24-000011-index.htm

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