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Orion Group Holdings Q3 results beat estimates on concrete segment growth, acquisition of J.E. McAmis

By Reuters News


Overview

  • US specialty construction firm's Q3 revenue rose 14% yr/yr on double-digit segment growth

  • Q3 adjusted EPS and adjusted EBITDA both beat analyst expectations

  • Company reiterated full-year 2026 guidance and highlighted strong new contract awards


Outlook

  • Orion sees 2026 revenue between $900 mln and $950 mln

  • Company expects 2026 adjusted EBITDA of $50 mln to $54 mln

  • Orion forecasts 2026 adjusted EPS of $0.23 to $0.30


Result Drivers

  • CONCRETE SEGMENT EXECUTION - Co said strong execution and robust activity in infrastructure markets drove margin expansion and growth in its Concrete segment

  • SEGMENT GROWTH & ACQUISITION - Co attributed revenue growth to double-digit segment growth, active projects, favorable conditions, and acquisition of J.E. McAmis

  • FEDERAL CONTRACT AWARDS - Co said new U.S. Navy contract awards expanded access to federal infrastructure projects


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Contract Revenues

$256.20 mln

Q3 Adjusted EPS

Beat

$0.12

$0.09 (7 Analysts)

Q3 EPS

$0.14

Q3 Net Income

$5.50 mln

Q3 Adjusted EBITDA

Beat

$17.90 mln

$17.08 mln (7 Analysts)

Q3 Gross Profit

$33.14 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy"

  • Wall Street's median 12-month price target for Orion Group Holdings Inc is $15.00, about 70.8% above its October 26 closing price of $8.78

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 32 three months ago


Reuters Recommended Reads

  • Oct 27 - Poland's Budimex posts 7% rise in third-quarter profit on high contract throughput

  • Oct 27 - India's L&T posts 33% quarterly profit rise on healthy order inflow


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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