secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001402829-25-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Group Q4 net income $6.8M, revenue up 7.6%; FY24 Adjusted EBITDA +76%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282925000002/0001402829-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282925000002/orn-20250304x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-25-000002

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