secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001402829-26-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Group reports FY2025 revenue $852M (+7% YoY), net income $2.5M; acquires J.E. McAmis, initiates 2026 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/0001402829-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282926000006/orn-20260303x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-26-000006

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