Orion Group Holdings Soars 11.37% on Earnings Surprise

Orion Group Holdings' stock price surged by 11.37% in pre-market trading on May 2, 2025, marking a significant rise and attracting considerable attention from investors.

Orion Group Holdings reported a substantial backlog of $839.7 million as of March 31, 2025, reflecting a notable increase from $729.1 million at the end of 2024. This surge in backlog, coupled with $51.2 million in new contracts, underscores the company's robust project pipeline and strong market demand.

The company's quarterly earnings of $0.01 per share exceeded market expectations, which had anticipated a loss of $0.11 per share. This positive earnings surprise has bolstered investor confidence in Orion Group Holdings' financial performance and growth prospects.

Orion Group Holdings also reported a significant 17.4% increase in contract revenues, which reached $188.7 million compared to the same period last year. This growth in contract revenues highlights the company's successful execution of projects and its ability to secure new business opportunities.

In the first quarter of 2025, Orion Group Holdings' revenue increased by 17% to $189 million, and its adjusted EBITDA doubled. This strong financial performance indicates a promising start to the year and reflects the company's effective cost management and operational efficiency.