Quarterly ResultApr 29, 2026, 08:41 AM
ORN Q1 Revenue +15% to $216.3M; GAAP Net Income $4.7M; Reaffirms FY26 Guidance
AI Summary
Orion Group Holdings Inc. reported a strong start to 2026, with Q1 revenue increasing 15% to $216.3 million and GAAP net income turning positive to $4.7 million, or $0.12 per diluted share, compared to a net loss in the prior year. Adjusted EBITDA also grew 7% to $8.7 million. The company reaffirmed its full-year 2026 guidance, citing a healthy $24 billion pipeline of opportunities and strong performance in both its Marine and Concrete segments, including the integration of J.E. McAmis.
Key Highlights
- Q1 2026 Revenue increased 15% to $216.3 million YoY.
- Q1 2026 GAAP Net Income was $4.7 million ($0.12 diluted EPS) vs. $1.4 million loss ($0.04 loss EPS) YoY.
- Q1 2026 Adjusted EBITDA increased 7% to $8.7 million; Adjusted EPS was $0.05.
- Cash flow from operations was $4.9 million in Q1 2026.
- Booked awards and change orders totaled $219 million in Q1 2026.
- Backlog grew to $668 million as of March 31, 2026, up from $640 million.
- Reaffirmed full-year 2026 guidance: Revenue $900M-$950M, Adjusted EBITDA $54M-$58M, Adjusted EPS $0.36-$0.42.
- Acquisition of J.E. McAmis contributed to increased SG&A and $47 million in borrowings.
Price Impact
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