Orion Group Holdings Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $256.2 million, up 14% year over year
- ➤Q3 GAAP EPS $0.14, versus $0.08 year over year
- ➤Q3 Adjusted EBITDA $17.9 million, up 37% year over year
- ➤Backlog $645 million, including approximately $179 million in new awards
- ➤Reiterated 2026 guidance: revenue $900-$950 million, Adjusted EBITDA $50-$54 million
Expert Statements
Travis Boone, President and Chief Executive Officer of Orion Group Holdings
“We delivered a strong third quarter, marked by double-digit revenue growth, expanding profitability and margins, and solid bookings and awards. These results reflect the health of our end markets and our commitment to delivering with predictable excellence,”
Travis Boone, President and Chief Executive Officer of Orion Group Holdings
“We expect this momentum to continue into the fourth quarter, and we are pleased to reiterate our 2026 annual guidance.”
Travis Boone, President and Chief Executive Officer of Orion Group Holdings
“The Concrete segment delivered an outstanding quarter, highlighted by top- and bottom-line growth with excellent margin expansion benefitted by strong execution. Activity remains robust across mission-critical and large-scale infrastructure markets, supported by our geographic growth, broader site civil services, and a diverse mix of project awards.”
Travis Boone, President and Chief Executive Officer of Orion Group Holdings
“In Marine, end markets remain strong, and we are actively engaging early on large, complex projects, sharpening our competitive positioning. Our recent selection on two additional U.S. Navy MACC contract vehicles broadens our access to significant federal opportunities. Continued investment in defense, port, and maritime infrastructure reinforces our confidence in Orion’s outlook and our ability to create long-term shareholder value,”
HOUSTON, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN; NYSE TX: ORN) (the “Company” or “Orion”), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2026.
Highlights for the quarter ended September 30, 2026 * Revenue of $256.2 million, GAAP net income of $5.5 million, or $0.14 per diluted share, Adjusted EBITDA of $17.9 million, and Adjusted EPS of $0.12 per diluted share * Booked awards and change orders of $179 million; won positions on two additional U.S. Navy Multiple Award Construction Contracts (“MACC”) * Reiterated full year 2026 financial guidance “We delivered a strong third quarter, marked by double-digit revenue growth, expanding profitability and margins, and solid bookings and awards. These results reflect the health of our end markets and our commitment to delivering with predictable excellence,” said Travis Boone, President and Chief Executive Officer of Orion. “We expect this momentum to continue into the fourth quarter, and we are pleased to reiterate our 2026 annual guidance.”
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