Orion Group Misses Q2 Estimates, Slashes Full-Year Guidance
ORN sits 55% above its 52-week low of $6.44 on elevated volume (1.9× avg).
Summary
Orion Group Holdings missed Q2 2026 earnings estimates and lowered full-year guidance, driven by Marine segment project delays, despite strong Concrete performance and a record pipeline.
Key Events · Earnings and Guidance · ORN
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Q2 Earnings Miss
Adjusted EPS of $0.02 missed consensus of $0.06; GAAP net loss of $4.1M ($0.10/share) vs. net income of $0.8M a year ago.
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Full-Year Guidance Cut
Adjusted EBITDA guidance lowered to $50M-$54M from $54M-$58M; Adjusted EPS now $0.23-$0.30 vs. prior $0.36-$0.42.
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Marine Segment Weakness
Marine revenue and EBITDA declined due to project start-up delays and lower equipment utilization, offsetting 30%+ Concrete revenue growth.
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Strong Backlog and Pipeline
Backlog reached $722M (up from $640M at year-end 2025) with a record $27B opportunity pipeline, supporting long-term growth.
Analysis · ORN · Real Estate & Construction
Orion Group Holdings reported Q2 2026 results that missed consensus estimates, with Adjusted EPS of $0.02 versus the $0.06 expected. The company also cut its full-year Adjusted EBITDA guidance to $50M-$54M from $54M-$58M, citing Marine segment delays. While Concrete showed strong growth, the overall miss and guidance reduction signal near-term headwinds. The stock may face pressure as the market digests the lowered outlook, though the record $27B pipeline and $722M backlog provide some long-term support.
At the time of this filing, ORN was trading at $10.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $484.5M. The 52-week trading range was $6.44 to $17.40. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.