Orion Group Holdings stock: $250 million October awards announced
Published on 10/30/2026 at 00:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNew awards strengthen Orion's order outlook
- Orion announced new October awards and change orders across its Concrete and Marine segments.
- The largest concrete project in the company's history covers foundations, slabs and site paving for multiple buildings.
- The company expects the projects to be added to backlog during the fourth quarter of 2026.
Orion Group Holdings announced on October 29, 2026, that new contract awards and change orders reached USD 250 million during October. The company said the awards cover both its Concrete and Marine segments and are expected to be booked into backlog in the fourth quarter of 2026. The announcement was published by GlobeNewswire.
Concrete project leads October awards
The Concrete segment accounted for most of the announced value. Orion said a USD 115 million mission-critical project signed on October 29 is the largest concrete award in its history. The work includes foundations, slabs and site paving for multiple buildings.
Other October Concrete projects span four regions and include two further mission-critical projects, site-civil work for a technology company, a cold-storage facility, a hospital and several commercial buildings. Marine awards include a project for the U.S. Army Corps of Engineers and a shore-power project for a major port client in the Pacific Northwest.
Backlog timing matters for investors
The awards are not the same as recognized revenue. Orion expects to add the projects to backlog in the fourth quarter, while the timing of execution and revenue recognition will depend on project progress. The announcement also contains forward-looking statements and highlights risks including fixed-price contract execution, labor availability, equipment availability and possible customer delays.
Orion previously reported third-quarter 2026 revenue of USD 256,2 million and GAAP net income of USD 5,5 million for the period ended September 30. It reiterated full-year guidance of USD 900 million to USD 950 million in revenue and USD 50 million to USD 54 million in adjusted EBITDA in its October 27 results release. Adjusted figures are non-GAAP measures and should be considered alongside GAAP results.
At 22:59 Berliner Zeit on October 29, the Lang & Schwarz quote for the Orion Group Holdings stock was EUR 8,15. No Xetra closing comparison is included because a dated Xetra basis was not verified. See the real-time quote of Orion Group Holdings stock for the current quote.
Orion Group Holdings company data
- Company: Orion Group Holdings, Inc.
- ISIN: US68628V3087
- Ticker: ORN
- Latest quote: EUR 8,15 at Lang & Schwarz, October 29, 2026, 22:59 Berlin time
- October awards: USD 250 million in awards and change orders
For broader market context, see Current market reports.
