earnings
confidence high
sentiment negative
materiality 0.70
Orion Group Q2 2026 revenue up 8% to $221.9M but net loss of $4.1M; guidance reset
Orion Group Holdings Inc
- Revenue $221.9M (+8% YoY); GAAP net loss $4.1M ($0.10 loss per share) vs net income $0.8M ($0.02 EPS) in Q2 2025.
- Adjusted EBITDA $7.9M (down from $11.0M YoY); Adjusted EPS $0.02 (vs $0.07).
- Booked awards $277M; book-to-bill 1.25x; total backlog $722M ($554M Marine, $168M Concrete).
- Concrete segment revenue +30% YoY, adjusted EBITDA +45%; Marine revenue down on project timing.
- Full-year 2026 guidance reset; pipeline $27B; working capital $92M, total debt $99M.