Orion Group reports Q2 adjusted EPS 7c, consensus (1c)

Reports Q2 revenue $205M, consensus $198.3M. “We delivered another strong performance in the second quarter with revenue increasing 7% to $205M and adjusted EBITDA doubling to $11M from the second quarter last year. Sequentially, results were also strong with revenue up 9% over the first quarter and adjusted EBITDA up 34%. Our results were primarily driven by new contract awards in both segments and reflect our commitment to disciplined, profitable growth,” said Travis Boone, CEO of Orion Group (ORN) Holdings.