Orion Group Holdings (ORN) achieved significant financial improvements for the full year ended December 31, 2024, building on its strategic transformation. The company reported contract revenues of $796.4 million, marking an 11.9% increase compared to the previous year.
Gross profit for the year improved by 48% to $91.2 million, reflecting enhanced project profitability and operational efficiency. Adjusted EBITDA saw substantial growth, increasing by 75.9% to $41.9 million.
The Adjusted EBITDA margin expanded by 200 basis points to 5.3%, indicating improved profitability across the business segments. These results demonstrate the positive impact of the company's multi-year strategic plan.
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