Orion Group Holdings Inc — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Orion reported Q2 2026 revenue of $221.9M (+8% YoY) with GAAP net loss of $4.1M ($0.10 per share) and Adjusted EBITDA of $7.9M. Concrete segment grew 30%+ in revenue and 45%+ in Adjusted EBITDA; Marine declined due to project timing delays. Company reset full-year 2026 guidance: revenue $900M–$950M (9% growth, unchanged), but cut Adjusted EBITDA to $50M–$54M (from prior $54M–$58M, down 7–13%) and Adjusted EPS to $0.23–$0.30 (from prior $0.36–$0.42, down 17–36%). Backlog $722M (+$82M since December 2025, including $277M in new Q2 awards). Total debt $99M; working capital $92M.
Why this rating
Guidance cuts on EBITDA (down ~11% at midpoint) and EPS (down ~27%) are material for a $360M company, though offset by solid backlog growth ($27B pipeline) and Concrete strength. Marine headwinds temporary; restatement driven by timing, not fundamental issues.
See more from July 29, 2026.
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