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Orion Energy Reaffirms FY25 Sales Outlook Of $99.639M-$104.168M Vs $101.56M Estimate

Author: Benzinga Newsdesk | August 07, 2024 07:11am

Business Outlook

Having achieved top-line growth of 13.0% in Q1’25, Orion is reiterating its FY 2025 consolidated revenue growth target of 10-15%. This outlook is based on expected revenue from large national LED lighting projects in the automotive, retail, technology, logistics/distribution, financial and public sectors, as well as continued strength from its ESCO and agent partners who are responding favorably to the quality, energy efficiency and value of Orion’s LED lighting products.

Orion expects robust growth in its Voltrek EV charging solutions business to continue, driven by existing project contracts, a growing pipeline of opportunities developed by its expanded team, and synergies with Orion’s other businesses. Voltrek is a leader in the EV charging solutions business, with over 12 years’ experience completing projects in 29 states and counting.

Posted In: OESX

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