Orion Group Holdings Reiterates FY 2026 Guidance Amid Rising Bid Backlog
Orion Group Holdings (ORN) reported a strong third quarter for fiscal year 2026, highlighted by a 14% increase in consolidated revenues. The company also saw significant profitability improvements, with adjusted EBITDA increasing by 37% compared to the same period in 2025 and an expansion of its adjusted EBITDA margin by 120 basis points. Looking ahead, management has reiterated its full-year 2026 guidance, projecting revenues between $900 million and $950 million with an adjusted EBITDA between $50 million and $54 million. The company's growth outlook is supported by a robust pipeline, with submitted bids currently totaling approximately $2 billion.