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Orion Group Holdings (ORN)
NYSE:ORN
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.01Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational and financial progress—revenue and adjusted EBITDA growth, positive cash flow, margin improvement in Marine, a strengthened balance sheet with a lower-cost $120M credit facility, strategic acquisitions (J.E. McAmus) and asset investment (derrick barge), and a large $23B pipeline. Key challenges were timing-related delays that produced a 0.9x book-to-bill and a reported $11M adjusted EBITDA loss in Concrete (affected by corporate allocations and non-repeat 2024 closeouts). Management framed many issues as timing rather than demand loss, provided constructive 2026 guidance (midpoint growth of ~9% revenue and ~24% adjusted EBITDA), and highlighted integration and execution progress. Overall, the positives (growth, margin recovery in Marine, liquidity improvement, sizable pipeline, and accretive M&A) materially outweigh the timing and segment-specific headwinds.Company Guidance
Full-Year Financial Improvements
Revenue increased to $852,000,000 in FY2025; operating income of $15,000,000; adjusted EBITDA of $45,000,000; adjusted EPS of $0.25; full-year operating cash flow of $28,000,000 and free cash flow of $14,000,000 — all described as notable improvements versus the prior year.
Marine Segment Outperformance
Marine revenue of $545,000,000, up 4.5% year-over-year; adjusted EBITDA more than doubled to $56,000,000 (over a 100%+ increase); adjusted EBITDA margin improved to ~10% from ~5% in 2024 (Marine contribution margin cited at 15%).
Concrete Revenue Growth and Data Center Momentum
Concrete revenue grew 12% to $307,000,000. Data center work is a fast-growing part of Concrete: 46 data center projects completed or in progress and data centers currently represent about 40% of Concrete business, with expectation of rising contribution in 2026.
Large and Growing Opportunity Pipeline
Total pipeline of $23,000,000,000 (inclusive of J.E. McAmus $1,400,000,000). Marine opportunity pipeline increased by $3,000,000,000, or 21% sequentially, to over $19,400,000,000 as of Dec 31; Concrete pipeline grew to over $2,400,000,000. Management cites line-of-sight into $8,500,000,000 of opportunities expected to be awarded in 2026 and ~$1,000,000,000 where all information has been provided and awards are awaited.
Balance Sheet & Liquidity Strengthening
Closed a five-year $120,000,000 senior credit facility in December, improving liquidity and lowering borrowing costs by ~40% versus the prior agreement; facility includes $60,000,000 revolver, $20,000,000 equipment loan, $40,000,000 M&A loan and $25,000,000 accordion. Ended year with net debt of roughly $6,000,000 after paying off a $23,000,000 term loan.
Strategic M&A and Asset Investments
Completed acquisition of J.E. McAmus (enhances marine capability and Pacific footprint; pipeline $1.4B) and purchased a large Jones Act derrick barge to expand capacity; integration and refurbishments underway to be deployed later in the year.
2026 Financial Guidance Indicates Growth
Provided 2026 guidance: revenue $900M–$950M (midpoint ≈ +9% vs 2025), adjusted EBITDA $54M–$58M (midpoint ≈ +24% vs 2025), adjusted EPS $0.36–$0.42 (midpoint ≈ +56% vs 2025), and CapEx $25M–$35M (consistent with prior year).
ORN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ORN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Oct 29, 2025 | $10.21 | $11.31 | +10.77% |
Jul 29, 2025 | $9.40 | $8.01 | -14.79% |
Apr 29, 2025 | $6.33 | $6.39 | +0.95% |
Mar 04, 2025 | $6.45 | $5.78 | -10.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Orion Group Holdings (ORN) report earnings?
Orion Group Holdings (ORN) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Orion Group Holdings (ORN) earnings time?
Orion Group Holdings (ORN) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ORN EPS forecast?
ORN EPS forecast for the fiscal quarter 2026 (Q1) is 0.01.