The strong guidance and acquisition suggest significant growth potential. Traders should monitor the company's ability to convert its $23B pipeline into revenue and the integration of J.E. McAmis. The stock may react positively to future contract wins, especially in the Marine segment.
Price Chart
Executive Summary
Orion Group Holdings (ORN) disclosed its fiscal 2026 guidance and full-year 2025 results via an investor presentation, highlighting strong expected growth with revenue of $900M-$950M (9% increase) and adjusted EBITDA of $54M-$58M (24% increase). The company also announced the acquisition of J.E. McAmis, which strengthens its marine capabilities and is expected to be accretive.
Key Facts
- Fiscal 2026 revenue guidance: $900M to $950M (9% increase at midpoint)
- Fiscal 2026 adjusted EBITDA guidance: $54M to $58M (24% increase at midpoint)
- Fiscal 2025 revenue: $852M, adjusted EBITDA: $45M
- Acquisition of J.E. McAmis for $60M plus contingent consideration, expected to be accretive
- Record $23B opportunity pipeline, with 90% in the Marine segment
- Backlog as of 12/31/25: $640M
Financial Impact
Revenue guidance midpoint of $925M represents a 54% growth since 2021, with adjusted EBITDA guidance more than tripling from 2021. The acquisition of J.E. McAmis is expected to be accretive to adjusted EBITDA and margin.
Risk Factors
- Failure to execute on the large opportunity pipeline
- Integration risks associated with the J.E. McAmis acquisition
- Potential margin pressure if project costs increase
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001402829-26-000010 |
| Document: orn-20260304x8k.htm | 0001402829-26-000010 |
| Document: 0001402829-26-000010-index-headers.html | 0001402829-26-000010 |
| Document: 0001402829-26-000010-index.html | 0001402829-26-000010 |
| Document: 0001402829-26-000010.txt | 0001402829-26-000010 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 10d ago | 8-K | $8.52 | awaiting T+60 | — | $8.83 (+3.64%) |
Oct 9, 2026 16d ago | SC 13G | $9.12 | awaiting T+60 | — | $8.83 (−3.18%) |
Aug 4, 2026 11w ago | Insider Cluster | $10.33 | awaiting T+60 | — | $8.83 (−14.52%) |
Jul 29, 2026 12w ago | 8-K | $9.08 $8.41 | ▲ +7.38% | ▲ +12.11% | $8.83 (+2.75%) |
Apr 29, 2026 25w ago | 8-K | $12.01 $12.69 | ▲ +5.66% | ▲ +1.55% | $8.83 (−26.48%) |
Apr 8, 2026 28w ago | Press Release | $11.82 $14.89 | ▲ +25.97% | ▲ +15.19% | $8.83 (−25.30%) |
Apr 1, 2026 29w ago | DEFA14A | $11.24 $17.14 | ▲ +52.49% | ▲ +39.11% | $8.83 (−21.44%) |
Mar 19, 2026 31w ago | Press Release | $10.39 $14.51 | ▲ +39.65% | ▲ +25.23% | $8.83 (−15.01%) |
Mar 6, 2026 33w ago | Insider Cluster | $11.66 $13.83 | ▲ +18.61% | ▲ +5.83% | $8.83 (−24.27%) |
Mar 4, 2026 33w ago | 8-K | $11.82 $13.83 | ▲ +17.01% | ▲ +5.71% | $8.83 (−25.30%) |
US Market Status
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