Orion | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 205.29 M

Revenue: As of FY2025 Q2, the actual value is USD 205.29 M, beating the estimate of USD 198.3 M.

EPS: As of FY2025 Q2, the actual value is USD 0.02, beating the estimate of USD -0.03.

Marine Segment

• Contract Revenues: $135.3 million for the three months ended June 30, 2025, compared to $130.9 million for the same period in 2024, an increase of 3.3%.
• Operating Income: $6.2 million for the three months ended June 30, 2025, compared to an operating loss of $5.5 million for the same period in 2024.
• Total Assets: $345.8 million as of June 30, 2025.
• Property and Equipment, Net: $93.7 million as of June 30, 2025.
• Depreciation and Amortization: $4.4 million for the three months ended June 30, 2025.

Concrete Segment

• Contract Revenues: $70.0 million for the three months ended June 30, 2025, compared to $61.2 million for the same period in 2024, an increase of 14.3%.
• Operating Loss: $2.8 million for the three months ended June 30, 2025, compared to operating income of $2.7 million for the same period in 2024.
• Total Assets: $86.9 million as of June 30, 2025.
• Property and Equipment, Net: $4.0 million as of June 30, 2025.
• Depreciation and Amortization: $0.9 million for the three months ended June 30, 2025.

Cash Flow

• Net Cash Used in Operating Activities: - $9.0 million for the six months ended June 30, 2025.
• Net Cash Used in Investing Activities: - $15.0 million for the six months ended June 30, 2025.
• Net Cash Used in Financing Activities: - $2.6 million for the six months ended June 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The company plans to focus on increasing revenue through new awards and higher volume in both marine and concrete segments. The backlog as of June 30, 2025, was $745.7 million, with expectations to recognize $618.3 million in the next 12 months.
• Non-Core Business: No specific plans related to divestitures or emerging segments were mentioned in the report.