Strong Start to 2025
Orion Group Holdings reported revenue of $189 million and adjusted EBITDA of $8 million, reflecting a strong operating model and successful execution of strategic priorities.
Impressive New Wins and Backlog
Secured almost $350 million in new wins, with $161 million in marine and $188 million in concrete. Backlog plus awarded work reached $890 million.
Record Concrete and Data Center Achievements
Won five data center projects totaling $47 million, bringing the total to 35 data centers and more than $235 million delivered.
Revenue and EBITDA Growth
Consolidated revenue increased over 17% to $189 million, and adjusted EBITDA doubled to $8.2 million. Marine revenue was up over 19% and concrete revenue increased 13%.
High Marine Segment Performance
Adjusted EBITDA margin in the Marine segment was 8.6%, compared to 0.9% last year.