Orion Group Holdings' Concrete segment posted record revenues and adjusted EBITDA in the first quarter of 2026, driven by data center construction that accounted for around 40% of the segment's $106 million in revenues. Adjusted EBITDA rose to $8.6 million from $2.8 million a year ago, with margins reaching 8%, and the segment achieved a 1.1X book-to-bill ratio. The company also secured a $24 million data center project after the quarter ended, adding to a pipeline that includes more than 50 completed data centers and a strong position in Texas. Expansion into site civil, earthwork and underground utilities is expected to further strengthen its competitive position alongside peers like Sterling Infrastructure and Tutor Perini.
Orion Group Holdings IncRecord revenues and EBITDA driven by data center construction demand, with 40% of segment revenue from data centers and a new $24M project.
Tutor Perini Corporation
Sterling Infrastructure, Inc.
AT&T Inc.