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/Mis Actual Consensu

s s

Estimate

Q2 $205.29

Contract mln

Revenues

Q2 $0.07

Adjusted

EPS

Q2 EPS $0.02

Q2 Net $841,000

Income

Q2 Beat $11 mln $8.96

Adjusted mln (4

EBITDA Analysts

)

Q2 Gross $25.80

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 & engineering peer group is "buy"

* Wall Street's median 12-month price target for Orion Group Holdings Inc ( ORN ) 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:

(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.)