Orion Group Holdings reports rise in Q2 revenue
Overview
Orion Q2 revenue grows 7% yr/yr to $205 mln
Adjusted EBITDA doubles to $11 mln, beating analyst expectations
Co reaffirms 2025 guidance, highlights new contract wins and management changes
Outlook
Orion reaffirms full-year 2025 revenue guidance of $800 mln to $850 mln
Company expects adjusted EBITDA for 2025 between $42 mln and $46 mln
Orion sees adjusted EPS for 2025 in range of $0.11 to $0.17
Company optimistic about second-half 2025 outlook due to strong demand
Result Drivers
NEW CONTRACT AWARDS - Revenue increased 7% to $205 mln, driven by new contract awards in Marine and Concrete segments, per CEO Travis Boone
STRONG DEMAND - Co reports robust opportunities in Marine segment due to U.S. Navy's deterrence strategy, port expansions, and energy infrastructure
BACKLOG GROWTH - Backlog increased to $750 mln with over $100 mln in new awards, including projects in Marine and Concrete segments
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Contract Revenues | $205.29 mln | ||
Q2 Adjusted EPS | $0.07 | ||
Q2 EPS | $0.02 | ||
Q2 Net Income | $841,000 | ||
Q2 Adjusted EBITDA | Beat | $11 mln | $8.96 mln (4 Analysts) |
Q2 Gross Profit | $25.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Orion Group Holdings Inc is $11.25, about 15.3% above its July 28 closing price of $9.53
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release:
