Orion Energy Systems Inc
NASDAQ:OESX
Orion Energy Systems Inc
Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. The company is headquartered in Manitowoc, Wisconsin and currently employs 213 full-time employees. The company went IPO on 2007-12-19. The firm operates through three segments, Orion Engineered Systems Division (OES), Orion Distribution Services Division (ODS), and Orion U.S. Markets Division (USM). The company provides light emitting diode (LED) lighting systems, wireless Internet of things (IoT) enabled control solutions, project engineering, design energy project management and maintenance services. The OES segment develops and sells lighting products and provides construction and engineering services for its commercial lighting and energy management systems. The ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of North American broadline, and electrical distributors and contractors. The USM segment sells commercial lighting systems and energy management systems to the wholesale contractor markets.
Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. The company is headquartered in Manitowoc, Wisconsin and currently employs 213 full-time employees. The company went IPO on 2007-12-19. The firm operates through three segments, Orion Engineered Systems Division (OES), Orion Distribution Services Division (ODS), and Orion U.S. Markets Division (USM). The company provides light emitting diode (LED) lighting systems, wireless Internet of things (IoT) enabled control solutions, project engineering, design energy project management and maintenance services. The OES segment develops and sells lighting products and provides construction and engineering services for its commercial lighting and energy management systems. The ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of North American broadline, and electrical distributors and contractors. The USM segment sells commercial lighting systems and energy management systems to the wholesale contractor markets.
Guidance Raised: Orion increased its FY ‘26 revenue outlook to $84–86 million, up from prior guidance of $84 million, and now expects positive adjusted EBITDA for the full year.
Profitable Growth: The company reported its fifth consecutive quarter of positive adjusted EBITDA and expects this trend to continue into FY '27.
Q3 Financials: Q3 revenue was $21.1 million, up from $19.6 million the previous year, with overall gross margin improving to 30.9%.
Segment Performance: EV charging and maintenance segments showed strong growth, with EV revenue nearly doubling and maintenance up 13%.
Cost Discipline: Total operating expenses declined to $6.1 million from $7 million, supporting improved profitability.
Major Project Wins: A $14–15 million exterior lighting project and a $4 million EV charging installation support expanding backlog and growth into FY '27.
