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Dec 31, 2020
Limbach Q4 2020 Earnings Report
Limbach reported a decrease in revenue but an increase in gross margin. Net income decreased slightly compared to the prior year period.
Key Takeaways
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%.
Revenue decreased by 6.1% compared to the prior year period.
Service segment revenue grew by 24.8%.
Construction segment revenue decreased by 14.0%.
Gross margin increased to 14.3% from 11.7% in the prior year period.
Limbach
Limbach
Limbach Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income