Orion Group Holdings posts worse-than-expected Q4 results, guidance; Shares down 3%

Published 04/03/2025, 22:24
Orion Group Holdings posts worse-than-expected Q4 results, guidance; Shares down 3%

HOUSTON - Orion Group Holdings, Inc. (NYSE:ORN) reported fourth quarter earnings that fell short of analyst expectations, sending shares down 3.8% in after-hours trading.

The specialty construction company posted adjusted earnings per share of $0.16, missing the consensus estimate of $0.18. Revenue came in at $216.9 million, well below analyst projections of $265.2 million, though up 7.6% YoY.

For the full year 2024, Orion reported revenue of $796.4 million, an 11.9% increase from 2023. Adjusted EBITDA rose 75.9% to $41.9 million.

"2024 ended on a high note with our team delivering improved performance through the disciplined execution of our strategic objectives," said CEO Travis Boone. "We remain focused on smart, profitable revenue growth and better earnings."

Looking ahead, Orion provided 2025 guidance that fell short of Wall Street forecasts. The company expects full year EPS of $0.11-$0.17, below the $0.32 consensus. Revenue is projected at $800-850 million, compared to analyst estimates of $850.5 million.

Orion cited longer lead times on large marine projects in its backlog as a factor in its 2025 outlook. The company said it expects 2025 revenue to be "slightly higher" than 2024, with a focus on expanding margins.

At quarter-end, Orion’s contracted backlog stood at $977.3 million, including awards subsequent to the quarter. The company said it has won nearly $250 million in new contract awards so far in Q1 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.