Limbach Hldgs Inc Stock Price, News & Analysis

Limbach Holdings, Inc. (NASDAQ: LMB) has announced a growing demand for its HVAC services in the cannabis and indoor farming sectors, securing various contracts across multiple states. The company plans to showcase its capabilities at MJBizCon in October 20-21 in Las Vegas, NV. CEO Charlie Bacon highlighted Limbach's increasing market presence and emphasis on expanding its owner direct revenues, particularly in the rapidly evolving indoor agriculture market.

Limbach Holdings, Inc. (NASDAQ: LMB) announced its participation at Lake Street Capital Markets' 5th Annual Best Ideas Growth (BIG5) Conference on September 15, 2021. Key executives, including President Charlie Bacon, CFO Jayme Brooks, and Executive VP Matt Katz, will engage in virtual one-on-one meetings throughout the day.

Limbach specializes in integrated building systems solutions, focusing on HVAC, mechanical, electrical, plumbing, and controls systems across various sectors, including healthcare, education, and data centers.

Limbach Holdings, Inc. (NASDAQ: LMB) announced the appointment of Linda G. Alvarado to its Board of Directors effective August 26, 2021, following the retirement of Larry G. Swets. Alvarado, a seasoned professional in the construction industry, is the founder and CEO of Alvarado Construction, Inc. and brings extensive management experience from various public company boards. Her background in finance and strategic growth planning is expected to contribute positively to Limbach’s future direction, helping to provide diverse perspectives for the company's growth.

Limbach Holdings, Inc. (Nasdaq: LMB) reported its financial results for Q2 2021, showing a revenue increase of 6.8% to $121.0 million compared to Q1 2021. The ODR segment grew to 27.7% of total revenue, reflecting a successful transition towards higher-margin work. However, total revenue decreased 10.5% year-over-year, driven by a 17.4% drop in GCR revenue. Gross margin improved to 15.4%, and net income fell to $0.7 million. The company has revised its 2021 revenue guidance to $480-$510 million and adjusted EBITDA to $23-$25 million, now projecting ODR segment growth exceeding 25% for the year.

Limbach Holdings, Inc. (NASDAQ: LMB) will release its second quarter 2021 financial results on August 12, 2021, after market close. A conference call for investors and analysts is set for August 13, 2021, at 9:00 a.m. EDT, featuring key executives including Charlie Bacon, President and CEO, and Jayme Brooks, CFO. Domestic callers can reach the call at 866-604-1698 while international callers can dial 201-389-0844. The call will be webcast live through Limbach’s investor relations website.

Limbach Holdings (NASDAQ: LMB) will participate in the LD Micro Invitational XI Conference on June 9th at 10:00 am ET. Executive Vice President, Matt Katz, will present and engage in virtual one-on-one meetings throughout the day. The conference occurs from June 8th to 10th, featuring approximately 180 companies and keynotes. Limbach specializes in integrated building systems, including HVAC and plumbing solutions, serving various sectors such as healthcare and education. For more details, the presentation can be accessed through their investor relations website.

Limbach Holdings (NASDAQ: LMB) will participate in the virtual Stifel Cross Sector Insights Conference from June 8-10. CEO Charlie Bacon is set to present on June 10 at 3:20 PM ET, with both Bacon and EVP Matt Katz available for virtual one-on-one meetings. The presentation will be accessible via the investor relations section of Limbach's website or directly at this link.

Limbach specializes in integrated building systems solutions, focusing on HVAC, mechanical, electrical, plumbing, and controls systems across various sectors.

Limbach Holdings (NASDAQ: LMB) announced participation in Sidoti & Company's Virtual Microcap Conference on May 19th at 10:00 am EDT. Executive VP Matt Katz will present and hold virtual one-on-one meetings. A webcast of the presentation is accessible via the investor relations section of Limbach's website or directly through the provided link. Limbach specializes in integrated building systems, including HVAC and plumbing, serving sectors such as healthcare and education, with 22 offices across the U.S.

Limbach Holdings (Nasdaq: LMB) reported Q1 2021 revenues of $113.3 million, an 18.3% decline from $138.8 million in Q1 2020, driven by a strategic shift towards higher-margin projects. Gross margin improved to 15.2%, up from 13.1% year-over-year, thanks to a focus on higher-margin Owner Direct Relationships (ODR). Although GCR segment revenue fell by 22.5%, ODR segment revenue remained stable. The company projects full-year revenue guidance of $480 million to $520 million and Adjusted EBITDA between $23 million to $27 million.