Limbach Earnings Reports

Limbach's Q4 FY24 revenue reached $143.7 million, reflecting a 0.7% increase year-over-year. Net income surged to $9.8 million, with an EPS of $0.82. The company achieved a gross profit of $43.6 million, driven by a higher-margin contract mix. Selling, general, and administrative expenses increased due to higher payroll and incentive-related costs.

Limbach Holdings, Inc. reported a 4.8% increase in total revenue to $133.9 million and a 27.2% increase in adjusted EBITDA to $17.3 million compared to the third quarter of 2023. The company also raised its 2024 adjusted EBITDA guidance.

Limbach Holdings reported a decrease in total revenue but an increase in net income and adjusted EBITDA. The company's ODR business grew significantly, contributing a larger portion of total revenue and gross profit. As a result, Limbach is raising its 2024 adjusted EBITDA guidance.

Limbach Holdings reported a decrease in consolidated revenue by 1.7% to $119.0 million, but net income increased by 153.5% to $7.6 million. The ODR segment revenue increased by 26.5%, accounting for 62.4% of consolidated revenue. Adjusted EBITDA increased by 35.4% to $11.8 million, and the company increased its Adjusted EBITDA guidance for the year.

Limbach Holdings, Inc. reported a slight decrease in consolidated revenue but an increase in gross profit and net income for the fourth quarter of 2023. The ODR segment showed significant growth in revenue and gross profit, while the GCR segment experienced a decrease in revenue.

Limbach Holdings reported a 4.4% increase in consolidated revenue, reaching $127.8 million, and a 25.7% increase in gross profit to $31.2 million. Net income rose to $7.2 million, or $0.61 per diluted share, compared to $3.6 million, or $0.34 per diluted share in the same quarter of the previous year. Adjusted EBITDA increased by 33.6% to $13.6 million.

Limbach Holdings, Inc. reported a 7.5% increase in consolidated revenue, reaching $124.9 million in Q2 2023. Net income rose to $5.3 million, or $0.46 per diluted share, and Adjusted EBITDA increased by 81.1% to $11.9 million.

Limbach Holdings, Inc. reported a 5.4% increase in consolidated revenue, reaching $121.0 million, and a significant rise in gross profit by 43.0% to $26.2 million. Net income was $3.0 million, or $0.27 per diluted share, a substantial improvement from the previous year's net loss. Adjusted EBITDA increased by 154.0% to $8.7 million, and net cash provided by operating activities was $9.4 million, marking a strong start to the year.

Limbach Holdings reported a strong fourth quarter and fiscal year 2022, with revenue increasing by 13.1% compared to the previous year. The Owner Direct Relationships (ODR) segment revenue grew significantly, contributing to the company's overall performance. The company's strategic focus on expanding ODR and improving GCR project execution has led to improved profitability and cash flow.

Limbach Holdings, Inc. reported consolidated revenue of $122.4 million for Q3 2022, a decrease of 5.3% compared to Q3 2021. The ODR segment revenue increased by 52.2% year-over-year and accounted for 48.8% of consolidated revenue. Consolidated gross margin improved to 20.3%. Net income was $3.6 million, and Adjusted EBITDA was $10.2 million, up 25.7% from the prior year.

Limbach Holdings, Inc. reported a decrease in consolidated revenue by 4.0% but experienced a 48.7% increase in revenue from its Owner Direct Relationships (ODR) segment. The company's gross margin improved to 18.4%, leading to an increase in gross profit. Net income also saw an increase of 18.3% year-over-year.

Limbach Holdings, Inc. reported a slight increase in consolidated revenue, driven by strong growth in the ODR segment, and improved gross margins. The company is focusing on serving facility owners and expects business activity to be back half-loaded, similar to 2021.

Limbach Holdings reported a decrease in revenue for Q4 2021, but net income increased due to improved gross profit and reduced interest expense. The ODR segment saw revenue growth, while the GCR segment experienced a decline. The company is focused on higher margin projects and risk management.

Limbach Holdings, Inc. reported a decrease in consolidated revenue to $129.2 million, but an increase in gross margin to 18.9%. The ODR segment saw revenue increase by 17.6%. Diluted earnings per share increased to $0.38. The company is affirming its Adjusted EBITDA guidance for the year to be in a range from $23 million to $25 million.

Limbach Holdings, Inc. reported consolidated revenue of $121.0 million for Q2 2021, a 10.5% decrease compared to Q2 2020. Gross margin increased to 15.4%, up from 15.0% in the same period last year, driven by a shift towards higher-margin Owner Direct Relationships (ODR) segment work. Net income was $0.7 million, compared to $2.9 million for the second quarter of 2020.

Limbach Holdings reported a decrease in consolidated revenues by 18.3% to $113.3 million, but an increase in gross margin to 15.2%. The company is focusing on higher margin opportunities for strategic customers and shifting towards an owner-driven business model.

Limbach Holdings reported a decrease in fourth-quarter revenue by 6.1% year-over-year, but an increase in gross margin from 11.7% to 14.3%. Net income was $0.4 million, slightly down from $0.7 million in the prior year period. The service segment revenue grew by 24.8%, while the construction segment revenue decreased by 14.0%.

Limbach Holdings reported a 10.6% increase in revenue for the third quarter of 2020, reaching $163.9 million. The company's net income was $2.5 million, with diluted EPS of $0.31. Net cash provided by operating activities was $12.8 million. Adjusted EBITDA guidance for fiscal year 2020 was increased.

Limbach Holdings reported a 1.9% increase in revenue and a diluted EPS of $0.37 for the second quarter of 2020. The company's gross margin improved to 15.0%, and net income was $2.9 million compared to a net loss in the prior year.

Limbach Holdings reported a 3.8% increase in revenue to $138.8 million for the first quarter of 2020. Gross margin increased slightly to 13.1%, and the company experienced a net loss of $52 thousand. Adjusted EBITDA was reported at $3.7 million.

Limbach Holdings reported a 1.2% increase in revenue for fiscal year 2019, with improved gross margins and an 86% improvement in Adjusted EBITDA. However, continuing challenges in the Southern California market weighed on the overall performance.