Orion Group Holdings Inc. (ORN) is a Houston, Texas-based company specialized in construction and infrastructure services, as well as heavy civil marine construction. The business serves a wide array of clients including federal, state and municipal government agencies, commercial industries and privately-owned companies within the continental United States, Alaska, Canada, and the Caribbean Basin.
Established in 1994, Orion Group Holdings operates through two main segments: marine and concrete. ORN provides a broad variety of specialty services which range from marine transportation facility construction, marine pipeline construction, marine environmental structures and specialty services, to turnkey concrete construction. The company also offers dredging of waterways, channels and ports, environmental dredging, design, and specialty services.
The marine segment of Orion Group Holdings Inc. provides construction and dredging services that allow navigation and commerce through channels and ports, environmental dredging for the restoration of aquatic habitats, geotube dewatering of dredged material, and coastal restoration services such as beach nourishment and shoreline protection.
The concrete segment of Orion, through its wholly-owned subsidiary, TAS Commercial Concrete, offers a difference in commercial concrete construction by focusing on outstanding client service, utilizing the latest technology, and promoting employee leadership and advancement. This segment provides turnkey concrete construction services in Texas and neighboring states, working on various types of commercial concrete construction projects, including light commercial, structural, industrial and tilt-wall buildings, and a variety of flat work.
This devotion to diversified and reliable services has led ORN to be a leading and preferred supplier in all the markets in which it serves. Despite operating in a competitive market, Orion Group Holdings Inc. has maintained its position thanks to its ability to deliver high-quality services while staying true to business principles of safety, quality and integrity.
Furthermore, ORN is committed to creating sustainable value by maintaining a strong balance sheet, delivering operational excellence, and focusing on attracting, developing and retaining talented professionals. To sum up, Orion Group Holdings Inc. stands as a significant force in its industry due to its continuous investment in its workforce, its commitment to the highest standards of service, and its ability to adapt and excel in various market conditions.
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Orion Group Holdings (ORN) reported strong Q3 2026 results, with adjusted EPS of $0.12 per share, beating analyst estimates by 33.3%, and revenue increasing 14% year-over-year to $256.2 million. The growth was primarily driven by its marine segment, and the company's backlog provides confidence for future performance. Wall Street maintains a bullish outlook, with a consensus of 8 buy ratings.
Orion Group Holdings (NYSE: ORN) reported strong Q3 2026 financial results, with consolidated revenues up 14% and adjusted EBITDA increasing by 37% year-over-year, driven by strong project execution and contributions from the Pacific Rock and Dredge acquisition. The company secured $179 million in new contracts and was awarded competitive positions on two major U.S. Navy Multiple Award Construction Contracts (MACs), reinforcing a robust pipeline of $2 billion in submitted bids. Management reiterated full-year 2026 guidance, expecting revenues between $900 million and $950 million, and highlighted strategic focuses on early project engagement and disciplined risk management.
Orion Group Holdings (NYSE: ORN) announced strong financial results for the third quarter of 2026, with revenue increasing by 14% to $256.2 million and GAAP net income reaching $5.5 million. The company reported double-digit growth in both its Concrete and Marine segments, alongside significant new contract awards, including positions on two U.S. Navy MACC contract vehicles. Orion reiterated its full-year 2026 financial guidance, anticipating continued momentum into the fourth quarter.