{"schema_version":"secwatch.filing_event.v1","accession":"0001402829-26-000006","form_type":"8-K","ticker":"ORN","cik":"0001402829","company_name":"Orion Group Holdings Inc","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.995665+00:00","generated_at":"2026-05-15T21:35:56.150256+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Orion Group reports FY2025 revenue $852M (+7% YoY), net income $2.5M; acquires J.E. McAmis, initiates 2026 guidance","bullets":["FY2025 revenue $852.3M (+7% YoY); GAAP net income $2.5M ($0.06 diluted EPS) vs year-ago loss of $1.6M.","Adjusted EBITDA $45.2M (up from $41.9M); Adjusted EPS $0.25; operating cash flow $28M, free cash flow $14M.","Backlog $640M at Dec 2025; new awards in 2025 totaled $763M; pipeline $23B inclusive of McAmis.","Completed acquisition of J.E. McAmis on Feb 4, 2026 for ~$60M net cash, adding jetty/breakwater marine capabilities.","Dec 2025 refinancing: $120M UMB Credit Facility (SOFR+2.5-3.0%) replaced $88M prior facility, lowering borrowing costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001402829-26-000006","json":"https://secwatch.observer/filing/0001402829-26-000006.json","markdown":"https://secwatch.observer/filing/0001402829-26-000006.md","text":"https://secwatch.observer/filing/0001402829-26-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/0001402829-26-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/orn-20260303x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:35:56.150256+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1b24b75cac6b31f242089afc9f83ad935fbfa137","claim":"Orion Group Holdings Inc updated its the fourth quarter and full year ended December 31, 2025 guidance (initiated).","evidence_excerpt":"On March 3, 2026, Orion Group Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/0001402829-26-000006-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year ended December 31, 2025"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}