Quarterly ResultApr 29, 2026, 02:46 PM
ORN Q1 Net Income $4.7M; Completes J.E. McAmis Acquisition
AI Summary
Orion Group Holdings Inc. reported a net income of $4.7 million for Q1 2026, a significant improvement from a $1.4 million net loss in Q1 2025, with contract revenues increasing by 14.7% to $216.3 million. The company completed the acquisition of J.E. McAmis, Inc. and JEM Marine Leasing, LLC on February 3, 2026, expanding its marine platform and West Coast presence. Operating activities generated $4.9 million in cash, reversing a prior-year outflow.
Key Highlights
- Completed acquisition of J.E. McAmis and JEM Marine Leasing on Feb 3, 2026.
- Q1 2026 net income was $4.7M, a turnaround from $(1.4)M net loss in Q1 2025.
- Contract revenues increased 14.7% to $216.3M in Q1 2026 from $188.7M in Q1 2025.
- Basic EPS improved to $0.12 in Q1 2026 from $(0.04) in Q1 2025.
- Operating activities generated $4.9M cash in Q1 2026, compared to $(3.4)M used in Q1 2025.
- Concrete segment revenues surged to $106.2M from $61.5M, a 72.5% increase.
- Marine segment revenues decreased to $110.1M from $127.2M, a 13.4% decrease.
- Entered into a $120M UMB Credit Agreement in Dec 2025, including a $40M acquisition term loan.