Orion Group Holdings (ORN) Q2 FY26 earnings call

Orion Group Holdings reported Q2 FY26 results impacted by client-related project delays in its Marine segment, leading to a GAAP loss and reduced adjusted EBITDA. Despite these timing issues, the Concrete business delivered strong growth, and the company secured over $275 million in new bookings, maintaining a robust pipeline. Management expressed confidence in a strong second half of 2026 and 2027, driven by project ramp-ups and continued market momentum.