secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001402829-24-000074
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Group Q3 revenue up 35% to $226.7M, net income $4.3M; guidance reaffirmed
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- Contract revenues $226.7M, +34.5% YoY; net income $4.3M ($0.12 diluted) vs loss $0.7M prior year.
- Adjusted net income $5.6M ($0.16 diluted); Adjusted EBITDA $15.2M (6.7% margin), +62% YoY.
- Backlog at $690.5M; post-quarter awarded $116M in new contracts, including $30.6M marine and $18.2M concrete.
- Raised $26.5M net proceeds from 5.6M share offering at $5.15/share; debt $28.0M, revolver undrawn.
- FY2024 Adjusted EBITDA reaffirmed $40-$45M range, exceeding prior years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282924000074/0001402829-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282924000074/orn-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-24-000074

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