Welcome to our dedicated page for Limbach Hldgs news (Ticker: LMB), a resource for investors and traders seeking the latest updates and insights on Limbach Hldgs stock.
Limbach Holdings, Inc. (NASDAQ: LMB) generates a steady flow of news as a building systems solutions firm focused on mission-critical mechanical, electrical, and plumbing infrastructure. News about LMB often centers on its progress in expanding Owner Direct Relationships, activity in key vertical markets such as healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment, and developments in its capital allocation strategy.
Investors following LMB news can expect regular earnings announcements that detail revenue by segment, gross profit, Adjusted EBITDA, and the contribution of acquisitions such as Pioneer Power, Consolidated Mechanical, and Kent Island Mechanical. These releases also discuss the company’s mix shift toward higher-margin ODR work, trends in gross margins, and updates to annual revenue and Adjusted EBITDA guidance.
Limbach’s news flow also includes transaction and financing updates, such as the acquisition of Pioneer Power, amendments to its revolving credit facility with Wintrust to increase borrowing capacity, and the authorization of a share repurchase program. These items provide insight into how the company funds growth, manages leverage, and approaches shareholder returns.
Additional LMB headlines cover leadership and governance changes, including executive appointments to roles overseeing national customer solutions and sales strategy, as well as additions to the Board of Directors with deep HVAC and building systems experience. The company also issues notices about participation in investor conferences and upcoming earnings calls.
This news page aggregates these updates in one place, allowing readers to review historical and recent press releases, monitor strategic moves, and track how Limbach communicates its performance and priorities over time.
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Limbach Holdings reported a strong performance for the year ended December 31, 2022, with consolidated revenue of $496.8 million, an increase of 1.3% from 2021. The Owner Direct Relationships (ODR) segment revenue surged by 63.7% to $216.4 million, contributing approximately 58.8% of consolidated gross profit. Net income for the year was $6.8 million with diluted EPS of $0.64. Adjusted EBITDA increased 36.5% to $31.8 million. Despite a decline in GCR segment revenue, Limbach plans to continue enhancing its customer-focused platform while maintaining a healthy balance sheet with $36.0 million in cash.
Limbach Holdings (NASDAQ: LMB) will announce its Q4 2022 financial results on
Limbach Holdings, Inc. (NASDAQ: LMB) has announced the promotion of three senior management professionals to enhance its Owner-Direct Business. Jay Sharp has been appointed President of Limbach Company LLC, Limbach Company LP, and Jake Marshall LLC, bringing over 32 years of experience. Nick Angerosa remains President of Harper Limbach LLC and will also join the Senior Management Team. Melissa DiMuro is the new Chief People, Culture, and Marketing Officer, overseeing human capital strategy and branding. CEO Charlie Bacon emphasized the importance of employee growth within the company. Limbach specializes in integrated building systems solutions across various markets.
Limbach Holdings, Inc. announced that
Limbach Holdings, Inc. (Nasdaq: LMB) reported Q3 2022 financial results showing consolidated revenue of $122.4 million, a 5.3% decrease from Q3 2021. The Owner Direct Relationships (ODR) segment revenue surged 52.2%, constituting 48.8% of total revenue. Gross margin improved to 20.3%, compared to 18.9% in the previous year, with adjusted EBITDA rising 25.7% to $10.2 million. Despite a decline in net income to $3.6 million, the company remains optimistic about meeting its tightened revenue and increased EBITDA guidance for 2022.
Limbach Holdings, Inc. (NASDAQ: LMB) will announce its third quarter 2022 financial results after the market closes on
Limbach Holdings, Inc. (NASDAQ: LMB) has announced a new share repurchase program allowing up to $2.0 million in Common Stock to be repurchased. This initiative, approved by the Board of Directors, aims to enhance shareholder value and capitalize on potential buying opportunities over its one-year term, set to expire on September 29, 2023. The repurchase may occur through various methods and will be funded from cash, cash flow, or borrowing, depending on market conditions. The exact number of shares is not guaranteed, and the program can be modified or halted at any time.
Limbach Holdings, Inc. (Nasdaq: LMB) will participate in The Windy City Roundup hosted by MicroCap Rodeo on October 13 at the Swissotel Chicago. CEO Charlie Bacon will present at 11:00 am CT and will be available for one-on-one meetings throughout the event. The MicroCap Rodeo aims to connect investors with over 50 microcap companies, providing insights into key value drivers and trends for 2023. Investors can check Limbach’s Investor Relations website for updates and webcast links.