Orion Group Holdings Reports Third Quarter 2026 Results

The Houston-based firm reports revenue of $256.2 million and new contract wins with the U.S. Navy.

Updated on Oct. 27, 2026 in Corporate Finance

Isometric editorial illustration of a lone shipping container on a concrete pier, representing maritime construction capacity. — Orion Group Holdings reported third-quarter 2026 revenue of $256.2 million, driven by new marine construction contracts with the U.S. Navy. AI Illustration. Upload story photo >

Live Poll

Do you trust a construction company's long-term outlook more after seeing strong quarterly profit growth?

Orion Group Holdings announced its third quarter 2026 financial results on October 27, 2026, reporting revenue of $256.2 million. The growth follows increased project activity and the recent acquisition of J.E. McAmis.

Why it matters

The company’s recent performance reflects broader growth in its marine and concrete construction segments. Management expects this operational momentum to continue through the end of the year.

The company reported GAAP net income of $5.5 million and Adjusted EBITDA of $17.9 million for the third quarter. Total debt remained at $109 million, while new booked awards reached $179 million for the period.

The players

Orion Group Holdings

This Houston-based firm specializes in marine and concrete construction services across the United States.

J.E. McAmis

This specialized construction firm was recently acquired by Orion Group Holdings to expand its operational capabilities.

U.S. Navy

This branch of the United States Armed Forces awarded Orion Group Holdings positions on two major construction contracts.

The details

Orion Group Holdings secured spots on two U.S. Navy contracts, specifically the VENTI MACC and the NAVFAC Northwest Waterfront MACC. These wins bolster the firm's construction and dredging services, which are central to its current portfolio.

September 30, 2026, marked the conclusion of the company's third fiscal quarter.
The financial results were officially reported on October 27, 2026.
A conference call for investors was held on October 28, 2026.
The company's fiscal year is scheduled to end on December 31, 2026.

Market Landscape

By securing positions on the U.S. Navy Multiple Award Construction Contracts, Orion Group Holdings strengthens its competitive standing within the federal infrastructure sector. This strategy allows the firm to capture reliable government-backed work against regional rivals.

For shareholders and clients, the firm's revenue growth suggests a stable outlook for project delivery and service availability. The company's focus on marine and concrete infrastructure remains a key factor for its ongoing operational capacity.

The takeaway

The company’s ability to secure significant naval contracts indicates a successful diversification of its government project portfolio. Investors should monitor how the company balances its $109 million debt load with its ambitious revenue projections for the end of the year.