Orion Group Holdings, Inc. today reported strong financial results for the second quarter ended June 30, 2025, with contract revenues increasing 7% year-over-year to $205 million. GAAP Net Income grew to $0.8 million, a significant improvement from the prior year.
Adjusted EBITDA for the quarter doubled to $11 million, with Adjusted EBITDA margins improving by 240 basis points to 5.3%. The company's non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.
Management reaffirmed its full-year 2025 guidance, projecting revenue in the range of $800 million to $850 million and Adjusted EBITDA between $42 million and $46 million. This outlook is supported by a robust project pipeline and expanded operations in key markets.
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