secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001402829-25-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Group Q1 revenue up 17.4% to $188.7M; net loss narrows to $1.4M
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- GAAP net loss of $1.4M ($0.04 per share) vs. loss of $6.1M ($0.19) in Q1 2024.
- Adjusted net income of $0.3M ($0.01 per share); Adjusted EBITDA rose 100.4% to $8.2M.
- Contract backlog of $839.7M at March 31, plus $51.2M in wins after quarter end, total $890.9M.
- Year-to-date new contract awards of $349M; FY2025 guidance reaffirmed: revenue $800-850M, Adj. EBITDA $42-46M.
- CEO cites no material impact from tariffs or federal downsizing; defense and infrastructure demand strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282925000023/0001402829-25-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282925000023/orn-20250429x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-25-000023

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