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Sep 30, 2021
Limbach Q3 2021 Earnings Report
Reported consolidated revenue of $129.2 million with ODR segment revenue up 17.6% year-over-year, gross margins improved to 18.9%, and diluted EPS of $0.38.
Key Takeaways
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.
Consolidated revenue was $129.2 million, a decrease of 21.2% from $163.9 million.
ODR segment revenue increased by 17.6% year-over-year.
Gross margin increased to 18.9%, up from 14.8%.
Net income for the third quarter of 2021 was $4.0 million as compared to $2.5 million.
Forward Guidance
The company affirms its guidance for 2021 with revenue between $480 million and $510 million and Adjusted EBITDA between $23 million and $25 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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