Orion Group Holdings reported a GAAP net loss of $4.1 million ($0.10 per diluted share) for the second quarter ended June 30, 2026, compared to net income of $0.8 million in the prior year period. Revenue increased 8% to $221.9 million, driven by strong performance in the Concrete segment which posted over 30% revenue growth. Adjusted EBITDA declined to $7.9 million from $11.0 million due to lower Marine contract revenue and equipment utilization caused by client-related delays. The company booked $277 million in new awards, resulting in a book-to-bill ratio of 1.25x. Orion reset its full-year 2026 guidance, lowering the Adjusted EBITDA estimate range to $50–$54 million and Adjusted EPS to $0.23–$0.30 from previous estimates. The firm operates in the specialty construction industry, providing marine and concrete services for infrastructure projects.