Highest-materiality recent filing
Orion Group Q1 revenue $216M, net income $4.7M; reaffirms 2026 guidance
Revenue $216.3M, +15% YoY; GAAP net income $4.7M vs loss of $1.4M in Q1 2025.
FY2025 revenue $852.3M (+7% YoY); GAAP net income $2.5M ($0.06 diluted EPS) vs year-ago loss of $1.6M.
Orion completes $60M acquisition of J.E. McAmis, strengthens heavy marine construction
Acquired J.E. McAmis for approx. $60M: $46M net cash (from credit facility), $12M 5-yr 6% note, $2M stock, plus contingent payments up to $10M and 40% profit share.
Orion closes $120M refinancing with UMB; replaces $88M prior facility at lower cost
New $120M credit facility: $60M revolver, $20M equipment term, $40M acquisition term; matures Dec 2030.
Orion Group Q3 revenue $225.1M, net income $3.3M; raises FY2025 guidance across all metrics
Revenue $225.1M in Q3 2025 vs $226.7M YoY; up 10% sequentially from $205.3M in Q2 2025.
Orion Group Q2 revenue up 7% to $205M, Adjusted EBITDA doubles to $11M; reaffirms FY2025 guidance
Revenue $205.3M (+7% YoY); GAAP net income $0.8M vs $6.6M loss in Q2 2024.
Orion Group CFO Scott Thanisch departs; successor Alison Vasquez appointed
CFO Scott Thanisch ceased as EVP, CFO and Treasurer on June 23, 2025; services through July 1, 2025.
Orion Group Q1 revenue up 17.4% to $188.7M; net loss narrows to $1.4M
GAAP net loss of $1.4M ($0.04 per share) vs. loss of $6.1M ($0.19) in Q1 2024.
Orion Group Q4 net income $6.8M, revenue up 7.6%; FY24 Adjusted EBITDA +76%
Q4 2024 revenue $216.9M (+7.6% YoY); GAAP net income $6.8M ($0.17 diluted EPS) vs. loss of $4.4M.
Orion Group Q3 revenue up 35% to $226.7M, net income $4.3M; guidance reaffirmed
Contract revenues $226.7M, +34.5% YoY; net income $4.3M ($0.12 diluted) vs loss $0.7M prior year.
Orion Group Holdings' $30.5M land purchase agreement terminated by seller
Capital Development Partners Acquisitions, LLC terminated Purchase and Sale Agreement for ~341 acres in Harris County, TX.
Orion Group prices $25M public offering of 5.589M shares at $5.15; net proceeds ~$26.5M
Offering of 4.86M shares at $5.15; underwriters exercised option for 729k additional shares.
Orion Group Q2 2024 net loss $0.20/sh, cuts FY guidance on project delays
Q2 contract revenues $192.2M +5.3% YoY; GAAP net loss $6.6M ($0.20 diluted loss).
Orion Group amends credit agreement; revises liquidity covenants and prepayment schedule
Minimum liquidity threshold set at $8M through July 26, 2024; $10M through Sep 30, 2024; $15M thereafter.
Orion Group terminates $34M land sale with Brixx; new term sheet for Q3 2024 close
Brixx Technologies terminated the Land Sale Contract on June 14, 2024, for 341.3 acres in Harris County, TX, at a $34M purchase price.
Orion Group shareholders approve ESPP & LTIP amendment; director Richard Daerr retires
ESPP authorized: up to 1M shares at 15% discount; first offering period starts Sept 16, 2024.
Orion Q1 net loss $0.19/sh; reaffirms FY2024 guidance; amends debt terms
Revenue $160.7M (+0.9% YoY); gross margin improved to 9.7% from 3.7%.
Orion Group Q4 2023: revenues $201.6M, adjusted EBITDA $14.8M, backlog $762M
Q4 contract revenues $201.6M (+2.8% YoY); gross profit margin improved to 11.4% from 5.2%.
Orion Group subsidiary agrees to sell ~341 acres in Texas for $34M
Subsidiary entered Land Sale Contract with Brixx Technologies LLC for 341.3 acres in Harris County, TX.
Orion Q3 revenue $168.5M, net loss $0.7M, backlog $877.5M up 60% YoY
Contract revenues of $168.5M, down 7.7% YoY; net loss $0.7M ($0.02/share) vs net income $0.2M in Q3 2022.
Orion Group secures ~$241M in new contracts; enters employment agreements with CEO, CFO
Entered $120M design-build contract in marine segment with undisclosed customer.
Orion Group Q2 net loss narrows to $0.3M; backlog soars to $818.7M
Revenue of $182.5M, up 14.7% sequentially but down 6.2% YoY; net loss $0.3M vs $3.1M loss a year ago.
Orion Group completes $20.3M sale-leasebacks; proceeds to reduce debt and fund growth
Closed sale-leaseback of Port Lavaca South Yard for $12.0M; Baytown Pipe Yard sale for $8.3M expected to close Q4 2023.
Orion Group closes $103M credit facility and $13M equipment sale-leaseback
New $103M senior secured facility includes $65M revolver (SOFR+5.5%) and $38M term loan (SOFR+8%, 4% floor).
Orion Q1 net loss widens to $12.6M; revenue down 9%; backlog $467M; secures $36M property sale
Q1 contract revenues $159.2M, down 9.0% YoY; net loss of $12.6M ($0.39 diluted loss) vs loss of $4.9M ($0.16) a year ago.
Orion Group enters $36M land sale for 341 acres in Harris County, Texas
Land Sale Contract for two parcels (approx. 341.3 acres) previously used as dredge placement areas.
Revenue $196.2M (+20.9% YoY); net loss $4.9M ($0.15/share) vs $8.8M loss in Q4 2021; adjusted EBITDA $3.2M.
The Company has appointed Ms. Vasquez, age 50, to succeed Mr. Thanisch as the Company’s Executive Vice President, Chief Financial Officer and Treasurer, effective June 23, 2025.
Scott Thanisch will no longer serve as the Executive Vice President, Chief Financial Officer and Treasurer of Orion Group Holdings, Inc. (the “Company”) effective June 23, 2025.
As previously announced on March 25, 2024, after almost 17 years of service on the Board of Directors (the “Board”) of the Company, including 13 years of service as Non-Executive Chairman of the Board and one year as Lead Independent Director, Mr. Richard Daerr, Jr. retired from the Board effective at the conclusion of the Annual Meeting.
Mr. Richard Daerr, Jr. informed the Chairman of the Board of Orion on March 21, 2024 pursuant to Orion’s Amended and Restated Bylaws that Mr. Daerr does not intend to stand for re-election at the Company's next Annual General Meeting of Stockholders on May 16, 2024 (the “Annual Meeting”), but instead intends to retire from the Board effective at the conclusion of the Annual Meeting.
in connection with the appointment of Edward Chipman Earle as his successor.
Mr. Buchler has resigned from the positions of General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary of the Company effective November 27, 2023, in connection with the appointment of Edward Chipman Earle as his successor.
Mr. Buchler will retire from the Company effective upon the later of January 1, 2024, or thirty days after the first day of employment of a new General Counsel
Effective March 1, 2023, Austin J. Shanfelter, resigned his role as Executive Chair of Orion Group Holdings, Inc. (the “Company”).
Effective March 1, 2023, Richard L. Daerr, Jr., resigned his role as Lead Independent Director of the Board.
On November 17, 2022, the Board of Directors (the “Board”) of Orion Group Holdings, Inc. (the “Company”) appointed Travis J. Boone, President and Chief Executive Officer of the Company, to serve as a Class I Director effective November 17, 2022.
Orion Group Holdings, Inc. (the “Company”) is pleased to announce that Mr. Gordon Scott Thanisch has accepted the Company’s offer of employment as Executive Vice President, Chief Financial Officer and Treasurer.
The Company is pleased to announce that Mr. Travis J. Boone has accepted the Company’s offer of employment as President and Chief Executive Officer.
Max materiality 0.85 · Median 0.60 · Most common event other_material