Orion Group Holdings Q3 results beat estimates on concrete segment growth, acquisition of J.E. McAmis
ORN•Orion Group Holdings reported Q3 contract revenue of $256.2 million, up 14% year over year, and adjusted EPS of $0.12, beating the $0.09 estimate. The company reiterated its 2026 guidance, including revenue of $900 million to $950 million.
1. Q3 results
Orion Group Holdings said Q3 contract revenue rose 14% year over year to $256.2 million, driven by double-digit growth across segments, active projects, favorable conditions and the acquisition of J.E. McAmis. Adjusted EPS was $0.12, versus the $0.09 analyst estimate, and adjusted EBITDA was $17.9 million, above the $17.08 million estimate. Net income was $5.5 million.
2. 2026 outlook
The company reiterated its full-year 2026 guidance: revenue of $900 million to $950 million, adjusted EBITDA of $50 million to $54 million and adjusted EPS of $0.23 to $0.30. Orion said strong execution and activity in infrastructure markets drove Concrete segment growth and margin expansion, and highlighted new U.S. Navy contract awards that expanded access to federal infrastructure projects.
