secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001402829-24-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Group Q2 2024 net loss $0.20/sh, cuts FY guidance on project delays
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- Q2 contract revenues $192.2M +5.3% YoY; GAAP net loss $6.6M ($0.20 diluted loss).
- Adjusted net loss $5.2M ($0.16/sh); Adjusted EBITDA $5.5M vs $3.7M prior year.
- Backlog $758.4M at June 30; $118M awarded in July, total backlog and awards $876.3M.
- Guidance lowered: FY 2024 revenue $850-900M, Adjusted EBITDA $40-45M.
- Delays on Grand Bahama dry dock and Pearl Harbor projects shift revenue recognition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282924000054/0001402829-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282924000054/orn-20240724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-24-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer