ORION TRADING COMPANY

h participant may contribute between 1 % and 80 % of eligible compensation on a pre-tax basis, Roth after-tax or a combination of pre-tax and Roth, up to the annual IRS limit. The Company matches 100 % on the first 3 % of eligible compensation contributed to the Plan and 50 % on the next 2 % of eligible compensation contributed to the Plan. Participants’ contributions are fully vested at all times. Because the Plan is a safe harbor plan, the money Orion contributes to employees’ accounts in the form of a match, and any related earnings become theirs immediately upon receipt. At its discretion, the Company may make additional matching and profit-sharing contributions. During the years ended December 31, 2025, 2024 and 2023 the Company contributed $ 2.7 million, $ 2.9 million and $ 2.7 milli

100 % on the first 3 % of eligible compensation contributed to the Plan and 50 % on the next 2 % of eligible compensation contributed to the Plan. Participants’ contributions are fully vested at all times. Because the Plan is a safe harbor plan, the money Orion contributes to employees’ accounts in the form of a match, and any related earnings become theirs immediately upon receipt. At its discretion, the Company may make additional matching and profit-sharing contributions. During the years ended December 31, 2025, 2024 and 2023 the Company contributed $ 2.7 million, $ 2.9 million and $ 2.7 million, respectively, in matching contributions. The Company contributes to several multi-employer defined pension plans under the terms of collective-bargaining agreements that cover its union-repre

in thousands) Contract revenues ​ $ 852,260 $ 796,394 ​ $ 711,778 Cost of contract revenues ​ 746,646 705,234 ​ 650,115 Gross profit ​ 105,614 91,160 ​ 61,663 Selling, general and administrative expenses ​ 93,471 82,537 ​ 69,431 Amortization of intangible assets ​ ​ — ​ ​ — ​ ​ 427 Gain on disposal of assets, net ​ ​ (2,468) ​ ​ (2,898) ​ ​ (8,455) Intangible asset impairment loss ​ — — ​ 6,890 Operating income from operations ​ 14,611 11,521 ​ (6,630) Other (expense) income: ​ ​ ​ ​ ​ Interest expense ​ (8,863) (13,381) ​ (11,659) Loss on extinguishment of debt ​ ​ (3,777) ​ ​ ​ ​ ​ ​ Other income ​ 936 564 ​ 744 Other expense, net ​ (11,704) (12,817) ​ (10,915) Income (loss) before income taxes ​ 2,907 (1,296) ​ (17,545) Income tax expense ​ 419 348 ​ 330 Net income (loss) ​ $ 2,488 $ (1