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.
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.
Limbach Holdings, Inc. (NASDAQ: LMB) will announce its first quarter 2021 financial results before the stock market opens on May 14, 2021. A conference call for investors and analysts is scheduled for the same day at 10:00 a.m. EDT, hosted by key executives including CEO Charlie Bacon and CFO Jayme Brooks. The call can be accessed via phone or webcast on Limbach's website. Limbach specializes in integrated building systems solutions across various markets, providing services such as HVAC installation and maintenance, supported by 22 offices nationwide.
Limbach Holdings, Inc. (Nasdaq: LMB) has appointed Jody Reilly as Vice President of Healthcare, effective immediately. Reilly brings 17 years of experience in healthcare operations, most recently serving as Vice President of Facilities Management at Quorum Health. His expertise includes overseeing hospital systems, managing construction projects, and developing infrastructure budgets. Limbach aims to leverage Reilly's skills to enhance its Owner-Direct Services and technology platform for healthcare clients, addressing complex infrastructure issues to improve patient care.
Limbach Holdings, Inc. (LMB) reported robust financial results for the year ending December 31, 2020, showcasing a revenue increase of 2.7% to $568.2 million despite pandemic challenges. Notably, net income surged to $5.8 million from a loss of $1.8 million, with Adjusted EBITDA rising 49.9% to $25.1 million. Gross margin improved by 130 basis points to 14.3%, driven by better project execution. However, backlog decreased to $444.4 million, indicating potential future challenges. The company anticipates reducing cash interest expenses by $4.0 million in 2021 due to successful refinancing.
Limbach Holdings, Inc. (NASDAQ: LMB) announced it will release its fourth quarter and full year 2020 financial results on March 25, 2021, after the market closes. A conference call for investors and analysts is scheduled for March 26, 2021, at 9:00 a.m. EDT, featuring CEO Charlie Bacon and CFO Jayme Brooks. Participants can join via domestic dial-in at 866-604-1698 or international at 201-389-0844. The call will also be webcast live on Limbach's website, providing an opportunity for stakeholders to engage with the company's leadership.
Limbach Holdings, Inc. (Nasdaq: LMB) has entered into new credit agreements worth $55 million, including a $25 million revolving credit facility and a $30 million term loan, aimed at refinancing existing debt and reducing the cost of capital. The new terms will lower cash interest expenses by approximately $4 million in fiscal 2021. The revolving credit facility allows for up to $25 million to support working capital, with reduced interest rates dependent on achieving a senior leverage ratio below 1.00:1. Total funded indebtedness now stands at $30 million.
Limbach Holdings, Inc. (Nasdaq: LMB) has successfully closed its public offering of common stock on February 12, 2021, selling 1,783,500 shares and raising approximately $20 million in net proceeds. The funds are intended to support key initiatives in 2021, including investments in digital transformation and growth capital. Lake Street Capital Markets served as the sole book-runner, while additional financial advisors included Littlebanc Advisors, LLC and Roth Capital Partners. The offering was conducted under a shelf registration statement effective since August 6, 2019.
Limbach Holdings (Nasdaq: LMB) has priced its underwritten public offering of 1,783,500 shares at $12.00 each, aiming for gross proceeds of approximately $21.4 million. The offering includes a 30-day option for underwriters to purchase an additional 267,525 shares. The funds will support general corporate purposes, including working and growth capital. The offering is set to close on February 12, 2021, subject to standard conditions. Lake Street Capital Markets LLC is the sole book-runner.
Limbach Holdings plans to offer common stock in an underwritten public offering, with an option for underwriters to purchase an additional 15% of shares. The offering is subject to market conditions and aims to provide funds for general corporate purposes, including working and growth capital. The company employs over 1,700 individuals across 22 U.S. offices, focusing on HVAC and building infrastructure services. Lake Street Capital Markets is the sole book-runner for this offering.
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