Business
Orion Announces Preliminary FY26 Revenue of $86M and Approximately $2M Adjusted EBITDA; Reiterates Expectations for Increased Growth and Profitability in FY 2027
Company to Host Q4 and Full Fiscal Year 2026 Investor Call Thursday, June 4, at 10 a.m. ET MANITOWOC, Wisc., May 19, 2026 (GLOBE NEWSWIRE) -- Orion Energy
About this update from Orion Energy Systems, Inc.
[{"type":"text","content":"Company to Host Q4 and Full Fiscal Year 2026 Investor Call Thursday, June 4, at 10 a.m. ET MANITOWOC, Wisc., May 19, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced preliminary unaudited expectations for Fiscal Year 2026 of $86 million in revenue and adjusted EBITDA of at least $2 million. The Company also reiterated expectations for Fiscal Year 2027, which began April 1, of between $95 million and $97 million in revenue and positive adjusted EBITDA. Orion said that its performance expectations continue to improve because of continuing growth in its backlog, which totaled $30 million on March 31, 2026; and ongoing increases in orders by enterprise customers; successful cost-structure improvements; and Orion’s gains in its marketplace. “We are demonstrably on a profitable growth path,” said CEO Sally Washlow, who arrived at Orion about 13 months ago. “Our six consecutive quarters of positive adjusted EBITDA are testimony to disciplined cost containment, our robust proprietary supply chain and organic growth from existing and new enterprise customers.” Ms. Washlow particularly cited expansion of deployments within existing large customers in the automotive, retail and public sectors, whether in deployments of LED lighting, maintenance, electrical Infrastructure or EV charging infrastructure. Orion’s recently awarded project in Battery Energy Storage Systems and Electrical Contracting are also contributing to the Company’s growth, Ms. Washlow said. Orion is providing adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking adjusted EBITDA non-GAAP guidance to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, the amounts of which, based on historical experience, could be significant. For additional information regarding Orion’s non-GAAP measure, see the related explanation presented under “Non-GAAP Measures.” ***** Orion also announced that it will host a conference call and webcast to review its fiscal 2026 full fiscal year and fourth quarter results on Thursday, June 4, 2026, at 10:00 a.m. ET. O...