Orion Group Holdings ( (ORN) ) has released its Q2 earnings. Here is a breakdown of the information Orion Group Holdings presented to its investors.
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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 second quarter of 2025, Orion Group Holdings reported a 7% increase in revenue, reaching $205 million, and a significant improvement in net income, which grew by $7.4 million to $0.8 million. The company also doubled its Adjusted EBITDA to $11 million, reflecting a strong operational performance.
Key highlights from the quarter include a contracted backlog of $750 million, with new contract wins exceeding $450 million in the first half of 2025. The company also strengthened its management team by appointing Alison Vasquez as the new CFO to drive the next phase of growth. Orion’s marine segment secured significant projects, including a dock replacement and maintenance dredging contracts, while the concrete segment saw robust demand from the data center sector.
Looking ahead, Orion Group Holdings remains optimistic about its growth prospects, reaffirming its full-year 2025 financial guidance with expected revenue between $800 million and $850 million and Adjusted EBITDA ranging from $42 million to $46 million. The company is well-positioned to capitalize on market opportunities with a strong team and strategic focus.