Orion Group Holdings ( (ORN) ) has released its Q1 earnings. Here is a breakdown of the information Orion Group Holdings presented to its investors.
Orion Group Holdings, Inc. is a specialty construction company operating in the infrastructure, industrial, and building sectors, providing services through its marine and concrete segments across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin.
In its first-quarter 2025 earnings report, Orion Group Holdings reported a significant increase in contract revenues, which rose by 17.4% to $188.7 million compared to the previous year. The company also achieved a notable improvement in its adjusted net income, turning a profit of $0.3 million, up from a loss of $3.6 million in the same period last year.
Key financial highlights include a 100.4% increase in adjusted EBITDA to $8.2 million, reflecting the company’s robust operational performance and strategic execution. The company secured $349 million in new contracts year-to-date, with a contracted backlog totaling $890.9 million. Despite a GAAP net loss of $1.4 million, this was a marked improvement from the $6.1 million loss recorded in the first quarter of 2024.
Looking ahead, Orion Group Holdings remains optimistic about its growth prospects, driven by strong demand in its markets and new federal policy initiatives supporting long-term growth. The company maintains its full-year 2025 revenue guidance of $800 million to $850 million and adjusted EBITDA guidance of $42 million to $46 million, while preparing for transformational growth in 2026 and beyond.