Quarterly ResultJul 29, 2026, 02:48 PM
Orion Group Holdings Acquires JEM for $68.4M; Q2 Net Loss $(4.1)M
AI Summary
Orion Group Holdings reported mixed financial results for Q2 2026, with contract revenues increasing to $221.9 million, but a net loss of $(4.1) million for the quarter. Year-to-date net income improved to $0.5 million. The company completed the acquisition of J.E. McAmis, Inc. for $68.4 million, expanding its marine platform and capabilities. Total assets grew significantly, and remaining performance obligations stood at $722 million.
Key Highlights
- Acquired J.E. McAmis, Inc. for $68.4 million total consideration, including $44.9 million cash.
- Q2 2026 contract revenues increased 8.1% to $221.9 million from $205.3 million YoY.
- Reported a Q2 2026 net loss of $(4.1) million, compared to $0.8 million net income in Q2 2025.
- Six months ended June 30, 2026, net income was $0.5 million, up from $(0.6) million net loss YoY.
- Total assets increased to $496.2 million at June 30, 2026, from $414.7 million at Dec 31, 2025.
- Remaining performance obligations totaled $722 million as of June 30, 2026.
- Entered into a $120 million UMB Credit Agreement in December 2025.
Price Impact
More from ORN