Orion Group Holdings, Inc. (ORN, Financial) is set to participate in a virtual meeting organized by Craig-Hallum on June 24. This event provides an opportunity for investors and stakeholders to gain insights into the company's performance and strategic initiatives. Attendees can expect to learn about key performance indicators that drive ORN's market standing and potential future growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Orion Group Holdings Inc (ORN, Financial) is $11.13 with a high estimate of $12.00 and a low estimate of $10.00. The average target implies an upside of 31.42% from the current price of $8.47. More detailed estimate data can be found on the Orion Group Holdings Inc (ORN) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Orion Group Holdings Inc's (ORN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Orion Group Holdings Inc (ORN, Financial) in one year is $4.92, suggesting a downside of 41.88% from the current price of $8.465. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Orion Group Holdings Inc (ORN) Summary page.
ORN Key Business Developments
Release Date: April 30, 2025
- Revenue: $189 million, a 17% increase year-over-year.
- Adjusted EBITDA: $8.2 million, doubled from the previous year.
- Marine Revenue: Increased over 19%.
- Concrete Revenue: Increased 13%.
- Gross Profit Margin: $23 million or 12.2% of revenue, up from 9.7% last year.
- SG&A Expenses: $22.5 million, up from $19 million, representing 12% of total contract revenues.
- Adjusted Net Income: $300,000 or $0.01 per diluted share.
- GAAP Net Loss: $1.4 million or $0.04 per diluted share.
- Adjusted EBITDA Margin: Improved to 4.3%, up from 2.5% last year.
- Backlog: $840 million as of March 31, 2025.
- Cash Flow from Operations: Negative $3.4 million.
- Total Debt Outstanding: $23.3 million.
- Full Year 2025 Revenue Guidance: $800 million to $850 million.
- Full Year 2025 Adjusted EBITDA Guidance: $42 million to $46 million.
- Full Year 2025 CapEx Guidance: $25 million to $35 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Orion Group Holdings Inc (ORN, Financial) reported a strong start to 2025 with first-quarter revenue of $189 million and Adjusted EBITDA of $8 million, reflecting the strength of their operating model.
- The company secured almost $350 million in new wins, including $161 million in marine and $188 million in concrete projects, contributing to a backlog plus awarded work totaling $890 million.
- Orion Group Holdings Inc (ORN) experienced a 17% increase in consolidated revenue and a doubling of adjusted EBITDA compared to the previous year.
- The marine segment showed significant improvement with a 19% increase in revenue and an 8.6% adjusted EBITDA margin, up from 0.9% last year.
- The company has strong supplier relationships, particularly in the steel industry, which provides a competitive advantage in managing tariff risks and input costs.
Negative Points
- SG&A expenses increased to $22.5 million, up from $19 million in the comparable period, due to higher incentive compensation, legal, IT, and operating lease expenses.
- The concrete segment experienced a negative 4.4% adjusted EBITDA margin, compared to a positive 5.7% in the prior year period, due to seasonally lower productivity.
- Despite the strong start, the company reported a GAAP net loss of $1.4 million or $0.04 per diluted share for the first quarter of 2025.
- Cash flow from operations was negative $3.4 million, although this was an improvement from negative $22.8 million in the prior year quarter.
- The company anticipates potential pressure on input costs, particularly steel, as prices are expected to increase, which could impact future project bids.
