Earnings Releases·Oct 28, 2026, 8:06 AM ET

Orion Group Holdings — Third Quarter 2026 Earnings Summary

Revenue grew 14% year-over-year to $256.2 million, while GAAP net income rose 67% to $5.5 million ($0.14 per share) and Adjusted EBITDA increased 37% to $17.9 million.
The company reiterated full-year 2026 guidance, projecting revenue of $900–$950 million, Adjusted EBITDA of $50–$54 million, and Adjusted EPS of $0.23–$0.30.
Strategic wins include securing positions on two new U.S. Navy Multiple Award Construction Contracts (VENTI and NAVFAC Northwest) and the acquisition of J.E. McAmis, contributing to double-digit segment growth.
Total backlog reached $645 million as of September 30, 2026, driven by a $506 million Marine backlog, with management expecting momentum to continue into the fourth quarter.