Revenue and EBITDA Growth
Revenue increased by 7% to $205 million, and adjusted EBITDA doubled to $11 million compared to the second quarter of last year.
Strong Backlog and Pipeline
The backlog grew to almost $750 million, and the opportunity pipeline expanded from $16 billion to $18 billion, supported by diverse growth drivers.
Marine Segment Performance
Marine revenues increased 3% over the previous year, and adjusted EBITDA grew to $12.7 million with a 9.4% margin.
Concrete Business Expansion
The Concrete segment showed strong opportunities, especially in data centers, with an expanding client base and new projects spanning energy, consumer goods, and transportation.
New Contract Awards
Contracts awarded include an export dock replacement project in the Pacific Northwest and two projects with the Port of Tampa Bay.
Favorable Political and Economic Climate
Benefits from the One Big Beautiful Bill Act, which appropriates $4.4 billion for infrastructure and includes provisions to lower operating costs and expedite permitting.