Limbach Q2 2020 Earnings Report
Key Takeaways
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.
Revenue increased 1.9% year-over-year to $135.2 million.
Gross margin improved to 15.0%, up from 13.3% in the prior year.
Diluted EPS increased to $0.37, compared to ($0.17) in the prior year.
Net cash provided by operating activities was $18.9 million, compared to net cash used in operating activities of $11.5 million in the prior year.
Limbach
Limbach
Limbach Revenue by Segment
Forward Guidance
The company provided revenue guidance of $560 to $600 million and adjusted EBITDA guidance of $22 to $24 million for 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income