Orion Group Holdings (NYSE: ORN) is a specialty construction company that provides marine and inland construction services across the United States. Revenue comes primarily from fixed-price construction contracts awarded through competitive bidding with federal, state, and local government agencies, as well as private parties and general contractors. The company operates across two broad service areas: marine construction and specialty services. Marine construction includes building and repairing overwater bridges, causeways, and fendering systems, installing concrete and pipe piles up to 170 feet in length, and performing maintenance and capital dredging for ports, waterways, and channels. Specialty services cover commercial diving, underwater inspection, salvage, demolition, surveying, and towing. Environmental and coastal restoration work includes levee construction, wetlands restoration, erosion control, and beach nourishment. In February 2026, Orion acquired J.E. McAmis, Inc. and JEM Marine Leasing, LLC for $50.0 million in cash, a $12.0 million subordinated note, and 182,392 shares of common stock, adding dredging, jetty and breakwater construction, and dam and spillway services. Travis J. Boone has served as President and CEO since 2022.

Revenue model

Fixed-price construction contracts, with revenue recognized over time using the percentage-of-completion method based on actual costs incurred relative to total estimated contract costs. Contracts are obtained primarily through competitive bidding in response to government and private-sector requests for proposals.

Products and services

Marine construction (overwater bridges, causeways, fendering systems, deep pile installation); maintenance and capital dredging for ports, waterways, and channels; environmental and coastal restoration (levees, wetlands restoration, erosion control, geotube installations, beach nourishment); specialty services (commercial diving, underwater inspection, salvage, demolition, surveying, towing); dredging, jetty and breakwater construction, and dam and spillway construction (added via JEM acquisition, February 2026).

Customers and end markets

Federal, state, and local government agencies; private parties and general contractors. End markets include ports and waterways, coastal and environmental restoration, marine transportation infrastructure, and water resources.

Value-chain role

Specialty contractor and project executor. Operates its own fleet of specialty dredges of various sizes. Relies on subcontractors and suppliers for certain materials and labor. Uses surety bonds for government and private-sector contract performance.

Geographic exposure

United States. Specific geographic mix by revenue not disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-03-04

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