earnings
confidence high
sentiment positive
materiality 0.75
Orion Group Q4 net income $6.8M, revenue up 7.6%; FY24 Adjusted EBITDA +76%
Orion Group Holdings Inc
- Q4 2024 revenue $216.9M (+7.6% YoY); GAAP net income $6.8M ($0.17 diluted EPS) vs. loss of $4.4M.
- Q4 Adjusted EBITDA $17.1M (7.9% margin), up 15.3% YoY; Adjusted net income $6.4M ($0.16 diluted EPS).
- Full-year 2024 revenue $796.4M (+11.9% YoY); GAAP net loss $1.6M improved from $17.9M loss; Adjusted EBITDA $41.9M (+76%).
- Backlog including post-quarter awards: $977.3M; pipeline ~$16B; 2025 revenue guided slightly higher than 2024.
- Loan Amendment No.6 lowers pricing by 50 bps, extends maturity to May 2028, eases covenants.