Business
Orion Reiterates Expectations for Increased Growth and Profitability in FY 2026 and FY 2027; Strong Profitable Growth Drive Highlights Sally Washlow’s First Year as CEO
MANITOWOC, Wis., April 15, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting,
About this update from Orion Energy Systems, Inc.
[{"type":"text","content":"MANITOWOC, Wis., April 15, 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 reiterated its preliminary expectations for increased revenue growth and profitability for its Fiscal Year 2026, which ended March 31, as well as its Fiscal 2027. Orion noted today’s one-year anniversary of the arrival of Sally Washlow as Chief Executive Officer in the reiteration of its publicly released expectations of January 20, when the Company announced an increase in its FY 2026 revenue outlook to a range of between $84 million and $86 million — up from its previous outlook of approximately $84 million. The Company said that it also expected to achieve positive adjusted EBITDA for the full FY 2026. Orion also reiterated that the Company currently expects to record positive adjusted EBITDA on revenue of between $95 million and $97 million in FY 2027, which began April 1, 2026. Orion intends to discuss results and expectations in detail on June 4 in its report of financial performance for the Fourth Quarter and Full Fiscal Year of FY 2026. The Company expects to provide information in a forthcoming public announcement regarding scheduling of and access to the earnings results and related investor call. Orion attributes its higher expectations of growth and profitability to increasing orders by enterprise customers, the success of recent cost-structure improvements and Orion’s heightened prominence in its competitive marketplace. “On the occasion of my first anniversary as Chief Executive Officer, I am pleased to report that a re-energized Orion is on a pronounced trajectory of profitable growth,” Ms. Washlow said. “This continuing growth, combined with the success of our disciplined cost containment and our built-from-the-ground-up proprietary supply chain, has generated six straight quarters of positive adjusted EBITDA.” Ms. Washlow noted that, In the past year, Orion has achieved a substantial improvement in the size and quality of its sales funnel, including: — Acquisition of new large enterprise customers; — Expansion of incumbencies with existing large customers, particularly global leaders in the automotive and retail industries, as well as public-sector enterprises increasing their ...