Limbach Q1 2020 Earnings Report
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
Limbach Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income