Orion Group Holdings Inc (ORN) Form 8-K — Oct 28, 2026
Orion Group Holdings (NYSE: ORN) reported strong Q3 2026 results, with revenue of $256.2 million, up 14% year-over-year, and GAAP net income of $5.5 million, or $0.14 per diluted share, versus $3.3 million, or $0.08, a year ago. Adjusted EBITDA grew 37% to $17.9 million with margin expansion to 7.0%, and the company booked $179 million in new awards and change orders, lifting backlog to $645 million. Orion also won positions on two new U.S. Navy contract vehicles: the $9 billion VENTI MACC and the $700 million NAVFAC Northwest Waterfront MACC.
Key figures
- Eps
- 0.14
- Revenue
- 256200000
- Guidance
- FY2026: revenue $900M-$950M (9% growth at midpoint), Adjusted EBITDA $50M-$54M (15% growth at midpoint), Adjusted EPS $0.23-$0.30 (6% growth at midpoint), capex $25M-$35M; guidance reiterated.
- Net Income
- 5500000
- Total Debt
- 109000000
- Revenue Yoy
- 14%
- Total Assets
- 544625000
- Cash Position
- 5700000
- Adjusted eps
- $0.12 vs $0.09 prior year
- Backlog total
- $645M (vs $640M at Dec 31, 2025)
- New awards q3
- $179 million
- Backlog marine
- $506M
- Working capital
- $81 million
- Backlog concrete
- $139M
- Venti macc value
- $9 billion
- Adjusted ebitda growth
- 37%
- Adjusted ebitda q3 2025
- 13100000
- Adjusted ebitda q3 2026
- 17900000
- Navfac northwest waterfront macc value
- $700 million
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