---
schema_version: "secwatch.filing_event.v1"
accession: "0001402829-24-000023"
form_type: "8-K"
ticker: "ORN"
cik: "0001402829"
company_name: "Orion Group Holdings Inc"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:42:50.245390+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orion Q1 net loss $0.19/sh; reaffirms FY2024 guidance; amends debt terms

## Summary
- Revenue $160.7M (+0.9% YoY); gross margin improved to 9.7% from 3.7%.
- GAAP net loss $6.1M ($0.19/sh); adjusted net loss $4.0M ($0.12/sh).
- Adjusted EBITDA $4.1M, within guided range; reaffirms FY rev $860-950M, adj. EBITDA $45-50M.
- Total backlog $756.6M; awarded $101M additional after quarter end.
- Debt amendment: FY24 covenant threshold lowered; maturity extended to May 2027; required June prepayment reduced to $10M.

## SEC filing metadata
- accession: 0001402829-24-000023
- form_type: 8-K
- ticker: ORN
- cik: 0001402829
- company_name: Orion Group Holdings Inc
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000023/0001402829-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000023/orn-20240424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402829-24-000023
- JSON: https://secwatch.observer/filing/0001402829-24-000023.json
- Plain text: https://secwatch.observer/filing/0001402829-24-000023.txt

## Key facts
- Earnings Releases
  Orion Group Holdings Inc reported full year 2024 results: revenue revenue in the range of $860 million to $950 million. Guidance reaffirmed.
  - Period: full year 2024
  - Revenue: revenue in the range of $860 million to $950 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: we are reconfirming our full year 2024 guidance for revenue in the range of $860 million to $950 million and anticipated Adjusted EBITDA in the range of $45 million to $50 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000023/0001402829-24-000023-index.htm
- Earnings Releases
  Orion Group Holdings Inc reported first quarter ended March 31, 2024 results: revenue Contract revenues of $160.7 million, net income Net loss for the first quarter was $6.1 million, EPS $0.19 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: Contract revenues of $160.7 million
  - Net income: Net loss for the first quarter was $6.1 million
  - EPS: $0.19 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: construction company, today reported its financial results for the first quarter ended March 31, 2024. ​ Highlights for the quarter ended March 31, 2024: ● Contract revenues of $160.7 million ● GAAP net loss was $6.1 million or $0.19 per diluted share ● Adjusted net loss was $4.0 million or $0.12 per diluted share ● Adjusted EBITDA was $4.1 million ● Backlog and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402829/000140282924000023/0001402829-24-000023-index.htm

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