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Mar 31, 2020
Limbach Q1 2020 Earnings Report
Reported a revenue increase and managed growth in the Construction segment, along with continued gross margin expansion in the Service segment.
Key Takeaways
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.
Revenue increased by 3.8% year-over-year to $138.8 million.
Gross margin increased by 10 basis points to 13.1%.
Service segment gross margin increased 182 basis points year-over-year to 24.7%.
Net loss was $52 thousand, compared to net income of $1.8 million in the prior year.
Limbach
Limbach
Forward Guidance
The company remains committed to improving liquidity and profitability, focusing on risk management, better execution, and a greater focus on owner-direct and service opportunities.