Orion Group Holdings (ORN)
NYSE:ORN
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted substantial positive momentum driven by a breakout quarter in the Concrete segment (large YoY revenue and adjusted EBITDA gains), a deep $24 billion pursuit pipeline, strong post-quarter award momentum and healthy cash flow and balance sheet flexibility. Offsetting items include a softer Marine quarter with lower revenue and EBITDA versus prior year, conservative guidance (no upward revision despite momentum), modest acquisition-related debt and operational risks from fuel, tariffs and local resource constraints. Taken together, the material positives (notably the outsized Concrete performance and large pipeline/backlog growth) outweigh the near-term Marine softness and conservative posture.Company Guidance
Overall Revenue and Profit Growth
First quarter revenue of $216.0 million, representing +15% year-over-year growth; GAAP net income of $4.7 million; adjusted EBITDA of $8.7 million, up +7% year-over-year; adjusted EPS of $0.05.
Outstanding Concrete Segment Performance
Concrete revenue of $106.0 million (vs. $61.5 million prior-year), up approximately +72%; adjusted EBITDA of $8.6 million (vs. $2.8 million prior-year), up approximately +207%; margin expanded to 8% from ~4.6% a year ago; 1.1x book-to-bill for the quarter and data centers accounted for ~40% of Concrete revenue.
Large Pursuit Pipeline and Backlog
Pursuit pipeline of $24 billion (evenly distributed: ~$8B for 2026, ~$8B for 2027, ~$8B for 2028+); backlog of $668 million at quarter-end, including ~ $220 million in new awards and change orders booked in the quarter.
Strong New Awards Momentum into April
Booked over $200 million of new awards after quarter close (not yet under contract), highlighted by a $100 million port renovation, $40 million dredging project and $24 million data center project — positioning the company for a stronger Q2.
Strategic Acquisition and Operational Expansion
J.E. McAmis acquisition (closed in February) contributing to opportunity pursuits, backlog growth and capability expansion in maritime/port work; expansion into site civil, earthwork and underground utilities to increase project size/scale and execution control.
Healthy Cash Flow and Balance Sheet Flexibility
Strong operating cash flow in the quarter; total debt just over $70 million including $53 million borrowings under UMB credit facility (used for McAmis acquisition); net leverage reported at ~1.5x providing balance sheet flexibility.
Reaffirmation of Full Year 2026 Guidance
Management reaffirmed full year 2026 guidance, signaling confidence in the pipeline, backlog and expected execution for the remainder of the 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 |
|---|---|---|---|
Apr 28, 2026 | $11.56 | $12.01 | +3.89% |
Mar 04, 2026 | $13.40 | $11.82 | -11.79% |
Oct 29, 2025 | $10.21 | $11.31 | +10.77% |
Jul 29, 2025 | $9.40 | $8.01 | -14.79% |
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 Jul 29, 2026, Before Open (Confirmed).
What is Orion Group Holdings (ORN) earnings time?
Orion Group Holdings (ORN) earnings time is at Jul 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 (Q2) is 0.06.