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