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Limbach Holdings Inc - LMB STOCK NEWS

Welcome to our dedicated news page for Limbach Holdings (Ticker: LMB), a resource for investors and traders seeking the latest updates and insights on Limbach Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Limbach Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Limbach Holdings, Inc. (Nasdaq: LMB) will announce its first quarter 2024 financial results on May 8, 2024, followed by a conference call on May 9, 2024, at 9:00 a.m. ET. Investors and analysts can access the call via dial-in numbers or webcast.
Rhea-AI Impact
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End-of-Day
0.85%
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Rhea-AI Summary
Limbach Holdings, Inc. (Nasdaq: LMB) reported a strong financial performance for the year 2023, with a 3.9% increase in consolidated revenue, a 27.3% increase in gross profit, and a significant growth in net income and adjusted EBITDA. The Owner Direct Relationships (ODR) segment saw a revenue increase of 22.8% year-over-year for Q4 and 21.1% for the year, accounting for over half of the company's revenue and gross profit. The company's strategic shift towards the ODR business is driving higher margins and stronger performance.
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End-of-Day
-16.26%
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Rhea-AI Summary
Limbach Holdings, Inc. (LMB) announces participation in the 36th Annual Roth Conference by President & CEO Michael McCann and EVP & CFO Jayme Brooks. The event will take place on March 18-19, 2024, in Dana Point, Calif.
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Rhea-AI Sentiment
End-of-Day
-5.91%
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conferences
Rhea-AI Summary
Limbach Holdings, Inc. (LMB) will release its Q4 and full year 2023 financial results on March 13, 2024, followed by a conference call on March 14, 2024. Investors can dial in for details.
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End-of-Day
3.53%
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Rhea-AI Summary
Limbach Holdings, Inc. (Nasdaq: LMB) has engaged Financial Profiles, Inc. for integrated communications, including investor relations, public relations, and sustainability communications. The strategic relationship aims to enhance Limbach’s communication and outreach efforts to raise visibility among various stakeholders. The company's President and CEO, Michael McCann, expressed excitement about the collaboration, emphasizing Financial Profiles' track record of success and substantial knowledge of the engineering and business services sectors. Moira Conlon, Founder and CEO of Financial Profiles, highlighted Limbach's potential for sustained profitable growth and returns, positioning the company for continued success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
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Rhea-AI Summary
Limbach Holdings, Inc. (Nasdaq: LMB) announced a 10.3% year-over-year increase in revenue from their Owner Direct Relationships (ODR) segment for Q3. ODR accounted for approximately 51.5% of revenue and 61.7% of consolidated gross profit for the quarter. The consolidated gross margin also increased to 24.5%. The company also raised their FY 2023 Adjusted EBITDA guidance.
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Rhea-AI Sentiment
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17.87%
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Rhea-AI Summary
Limbach Holdings has completed the acquisition of Industrial Air for $13.5 million in an all-cash transaction. Industrial Air provides environmental mechanical and air filtration solutions to industrial customers, with an expertise in serving the textile industry. The acquisition allows Limbach to expand in the industrial and institutional sectors. Industrial Air is expected to contribute $30.0 million in revenue and $4.0 million in EBITDA annually. The total consideration paid at closing was $13.5 million, with potential earn-outs of $6.5 million over the next two years.
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Rhea-AI Sentiment
End-of-Day
1.83%
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Rhea-AI Summary
Limbach Holdings, Inc. (NASDAQ: LMB) will release its Q3 2023 financial results on November 8, 2023, after the market closes. The company will host an earnings conference call on November 9, 2023, at 9:00 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
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Rhea-AI Summary
Limbach Holdings, Inc. reports Q2 2023 financial results. Revenue from ODR segment up 18.1% YoY. Consolidated gross margin increased to 22.8%. Adjusted EBITDA increased 81.1% YoY. FY 2023 Adjusted EBITDA guidance increased. Net income of $5.3 million compared to $0.9 million.
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Rhea-AI Sentiment
End-of-Day
21.85%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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1.46%
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Limbach Holdings Inc

Nasdaq:LMB

LMB Rankings

LMB Stock Data

432.93M
9.66M
14.42%
61.39%
4.1%
Plumbing, Heating, and Air-Conditioning Contractors
Construction
Link
United States
Warrendale

About LMB

limbach holdings, inc., with estimated revenues of approximately $400 million in 2016, is an integrated building systems provider – managing all components of mechanical, electrical, plumbing and control systems, from system design and construction through performance and maintenance. the company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems in both new and existing buildings. customers include building owners in the private, not-for-profit and public/government sectors. with headquarters in pittsburgh, pa., limbach operates from 10 strategically located business units throughout the united states including western pennsylvania (pittsburgh), eastern pennsylvania (warrington, pa), new jersey (south brunswick), new england (wilmington, ma), ohio (columbus and athens, oh), michigan (pontiac and ann arbor, mi), southern california (garden grove, ca), and mid-atlantic (laurel, md). our design engin