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Dec 31, 2022
Limbach Q4 2022 Earnings Report
Reported a revenue increase driven by Owner Direct Relationships (ODR) segment growth and improved profitability.
Key Takeaways
Limbach Holdings reported a strong fourth quarter and fiscal year 2022, with revenue increasing by 13.1% compared to the previous year. The Owner Direct Relationships (ODR) segment revenue grew significantly, contributing to the company's overall performance. The company's strategic focus on expanding ODR and improving GCR project execution has led to improved profitability and cash flow.
Consolidated revenue increased by 13.1% to $143.5 million.
ODR segment revenue increased by 63.7% to $64.0 million.
Gross margin slightly increased to 20.4% from 20.1%.
Net income was $3.8 million as compared to $4.3 million.
Forward Guidance
The Company has provided initial 2023 full year guidance.
Positive Outlook
- Revenue between $490 million - $520 million
- Adjusted EBITDA between $33 million - $37 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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