Orion Group Holdings Reports Q2 Revenue Ahead of Estimates, Stock Surges

Orion (NYSE:ORN) reported Q2 CY2025 revenue of $205.3 million, up 6.8% YoY, and non-GAAP profit of $0.07 per share, significantly above analyst estimates. The company reconfirmed its revenue guidance for the full year of $825 million at the midpoint and adjusted EPS guidance of $0.14 at the midpoint, beating analyst estimates by 19.1%. However, EBITDA guidance for the full year is $44 million at the midpoint, below analyst estimates.

Orion Group Holdings, Inc. (NYSE:ORN) has reported its second-quarter 2025 (Q2 2025) earnings, showing significant growth and beating analyst estimates. The company reported revenue of $205.3 million, up 6.8% year-over-year (YoY), and non-GAAP profit of $0.07 per share, which was significantly above the consensus estimates.

The company also reaffirmed its full-year 2025 financial guidance. The midpoint of the revenue guidance is $825 million, adjusted EPS guidance is $0.14, and EBITDA guidance is $44 million. These figures represent a 19.1% beat in adjusted EPS and a 13% beat in revenue compared to analyst estimates. However, the EBITDA guidance for the full year is below analyst estimates.

Orion's Marine segment won several key projects, including an export dock replacement project and two projects with the Port of Tampa Bay. The Concrete segment also secured multiple new projects, spanning data centers, energy, consumer goods, and transportation. These new contracts contributed to the company's strong backlog, which stood at $750 million at the end of Q2 2025.

The company's financial performance was driven by new contract awards and higher volumes across the Marine and Concrete segments. Gross profit increased by 41% YoY and 12% sequentially, primarily due to increased revenue and improved operational performance. Selling, general, and administrative expenses also increased, reflecting the company's efforts to support business growth.

Orion's strong performance in Q2 2025 is a positive indicator for the company's growth prospects. The reaffirmation of its full-year guidance suggests that the company remains confident in its ability to execute on its growth strategy. However, the company's EBITDA guidance falling below analyst estimates may warrant further scrutiny.

References:
[1] https://finance.yahoo.com/news/orion-orn-reports-q2-everything-031133001.html
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX9F0D35:0-werner-enterprises-beats-q2-revenue-adjusted-eps-estimates/
[3] https://www.theglobeandmail.com/investing/markets/markets-news/GlobeNewswire/33722324/orion-group-holdings-reports-second-quarter-2025-results-and-reaffirms-fiscal-year-2025-guidance/