Welcome to our dedicated page for Limbach Holdings news (Ticker: LMB), a resource for investors and traders seeking the latest updates and insights on Limbach Holdings stock.
Limbach Holdings, Inc. provides building systems solutions for mission-critical mechanical, electrical, plumbing and controls systems. The company designs, delivers and maintains MEPC infrastructure for building owners and operators in healthcare, industrial and manufacturing, data centers, life sciences, higher education, and cultural and entertainment markets.
Limbach news commonly centers on quarterly results, revenue mix between Owner Direct Relationships and General Contractor Relationships, acquisition contributions such as Pioneer Power, major project activity, capital allocation, executive leadership roles and investor conference participation. Updates also track the company’s emphasis on owner-direct customer relationships and recurring service needs for complex facilities.
Limbach Holdings (Nasdaq: LMB) has scheduled the release of its fourth quarter and full year 2024 financial results after market close on Monday, March 10, 2025. The company will host a conference call for analysts the following morning at 9:00 a.m. ET on Tuesday, March 11, 2025.
The conference call will be accessible to domestic callers at (877) 407-6176 and international callers at +1 (201) 689-8451. A simultaneous webcast will be available through the Investor Relations section of Limbach's website, with an audio replay to be archived on the company's website.
Limbach Holdings (Nasdaq: LMB) has acquired Consolidated Mechanical (CMI) for an initial purchase price of $23 million, with potential earn-outs of up to $2 million over two years. CMI, founded in 1984 in Owensboro, Kentucky, is expected to contribute annual revenue of approximately $23 million and EBITDA of $4 million beginning in 2025.
The acquisition expands Limbach's industrial sector presence in Kentucky, Illinois, and Michigan, particularly in power generation, food processing, manufacturing, and metals markets. CMI primarily generates revenue through Owner Direct Relationships, focusing on repair, maintenance, and retrofit activities.
Limbach Holdings (Nasdaq: LMB) has announced its participation in the UBS Global Industrials and Transportation Conference in Manalapan, Florida. The event will take place on December 3 and 4, 2024, where President and CEO Michael McCann and EVP/CFO Jayme Brooks will conduct one-on-one meetings with investors. Limbach, a building systems solutions firm, specializes in providing mechanical, electrical, and plumbing infrastructure services to building owners and facilities managers with mission-critical needs.
Limbach Holdings (LMB) reported strong Q3 2024 financial results with net income of $7.5 million, or $0.62 per diluted share. Total revenue increased 4.8% to $133.9 million, driven by a 41.3% growth in Owner Direct Relationships (ODR) revenue to $93.0 million. The company achieved record quarterly Adjusted EBITDA of $17.3 million, up 27.2% year-over-year. Gross profit rose 15.6% to $36.1 million, with ODR accounting for 82.1% of total gross profit. Based on strong performance, Limbach raised its 2024 Adjusted EBITDA guidance to $60-63 million and updated revenue guidance to $520-540 million.
Limbach Holdings, Inc. (Nasdaq: LMB), a building systems solutions firm, has announced the upcoming release of its third quarter 2024 financial results. The company will disclose these results after the stock market closes on Tuesday, November 5, 2024.
Following the release, Limbach will host a conference call for analysts on Wednesday, November 6, 2024, at 9:00 a.m. ET. Interested parties can participate in the call via phone or webcast. The webcast will be accessible through the 'Investor Relations' section of Limbach's website or via a direct link provided. An audio replay of the call will be made available on the company's website for those unable to attend the live event.
Limbach Holdings (Nasdaq: LMB) has acquired Kent Island Mechanical (KIM) for an initial purchase price of $15 million. KIM, based in Laurel, Maryland, serves the Greater Washington, D.C. metro region as a leading service provider for complex building systems. The acquisition expands Limbach's capabilities in key end-markets including data centers, healthcare, life sciences, and higher education.
KIM is expected to contribute approximately $30 million in revenue and over $4 million in EBITDA annually beginning in 2025. The deal includes performance-based, contingent earn-outs totaling $5 million, potentially payable over the next two years. This acquisition aligns with Limbach's strategy to expand Owner Direct Relationships (ODR) with owners of mission-critical facilities in core end-markets.
Limbach Holdings, Inc. (Nasdaq: LMB) announced strong Q2 2024 results, raising its 2024 revenue and Adjusted EBITDA guidance. Key highlights include:
- Net income of $6.0 million ($0.50 per diluted share), up from $5.3 million in Q2 2023
- Record quarterly Adjusted EBITDA of $13.8 million, a 16.0% increase
- Owner Direct Relationships (ODR) revenue grew 40.8% to $82.8 million, accounting for 67.7% of total revenue
- Total revenue slightly decreased by 2.1% to $122.2 million
- Gross profit increased 17.5% to $33.5 million with a record 27.4% gross margin
The company is successfully executing its strategy to grow higher-margin ODR business, now projecting 2024 revenue of $515-$535 million and Adjusted EBITDA of $55-$58 million.
Limbach Holdings (Nasdaq: LMB), a building systems solutions firm, has announced the release of its second quarter 2024 financial results. The company will disclose the results after the stock market closes on Tuesday, August 6, 2024. Following this, Limbach will host a conference call for investors and analysts on Wednesday, August 7, 2024, at 9:00 a.m. ET.
Interested parties can participate in the conference call through domestic (866-682-6100) or international (862-298-0702) dial-in numbers. Additionally, the call will be webcast live on the 'Investor Relations' section of Limbach's website. An audio replay of the call will be made available on the company's website for those unable to attend the live event.
Limbach Holdings has elected David Gaboury to its Board of Directors, expanding the board to seven members, six of whom are independent. Gaboury brings over 40 years of engineering experience, notably as the former CEO of Terracon, where he significantly boosted revenues. He replaces Norbert W. Young, who retired after nearly eight years. Joshua S. Horowitz will become Chairman of the Board in June 2024, succeeding Gordon G. Pratt, who will remain as Chairman Emeritus. New leadership roles include Linda G. Alvarado heading the Nominating & Governance Committee and Michael F. McNally leading the Compensation Committee. These shifts aim to leverage the extensive expertise of the board members to support Limbach's strategic growth.
Limbach Holdings announced that its President and CEO, Michael McCann, will participate in the Stifel Cross Sector Insight Conference in Boston. The event is scheduled for June 4-5, where McCann will host one-on-one meetings with investors. Investors interested in meeting him should contact the conference organizers at stifelcorporateevents@stifel.com.