Overview

* Orion fiscal Q1'26 rev dips 2%, missing analyst expectations, per LSEG data

* Co achieves positive adjusted EBITDA, beating estimates, per LSEG data

* Gross profit margin rises to 30.1%, driven by pricing and cost improvements

Outlook

* Orion anticipates FY'26 revenue growth of 5% to approximately $84M

* Company expects flat to slightly lower EV charging revenue in FY'26

* Orion projects $7M in automotive LED lighting projects for FY'26

* Company sees $12M-$18M revenue from multi-year LED retrofit contract

Result Drivers

* LED LIGHTING - Revenue increased 1% due to large project activity, offset by lower sales in electrical distribution

* MAINTENANCE SERVICES - Revenue grew 21% from new customer contracts and expanded existing relationships

* EV CHARGING - Revenue fell 30% due to variability in timing of larger projects

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss $12.90 $19.80

Revenue mln mln (3

Analysts

)

Q1 EPS -$0.04

Q1 Net -$1.20

Income mln

Q1 Beat $200,000 -$100,00

Adjusted 0 (1

EBITDA Analyst)

Q1 Gross $5.90

Profit 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 supplies & fixtures peer group is "buy"

* Wall Street's median 12-month price target for Orion Energy Systems Inc ( OESX ) is $2.00, about 71.5% above its August 5 closing price of $0.57

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)