Strong Financial Performance in Q3 2025
Orion Group Holdings reported revenue of $225 million, operating income of $5 million, adjusted EBITDA of $13 million, and adjusted EPS of $0.09 per share. This represents sequential growth of 10% in revenue, 20% in adjusted EBITDA, and 27% in adjusted EPS.
Significant Contract Wins and Pipeline
Orion booked over $160 million in new contracts and change orders during the third quarter, balanced across Marine and Concrete segments. The company's opportunity pipeline is a healthy $18 billion with over $1 billion in opportunities awaiting award.
Recognition and Strategic Initiatives
Orion was recognized by E&R Magazine as #2 in the top contractors in transportation in the marine and port facilities category and #15 in the top 20 concrete contractors in the U.S. The company also expanded its bonding capacity by $400 million.
Successful Sale of East West Jones Property
The company closed on the sale of its East West Jones property for $23.5 million, intending to use the proceeds to reduce debt and for general corporate purposes.