Limbach Sees FY24 Revenue $510M-$530M Vs $541.1M Est.

3/13/24 4:28:34 PM ET

$LMB

Engineering & Construction

Consumer Discretionary

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2024 Guidance

The Company is providing initial 2024 full year guidance, as summarized in the table below.

Revenue		$510 million - $530 million
Adjusted EBITDA		$49 million - $53 million

We do not provide a reconciliation of forward-looking Adjusted EBITDA or the most directly comparable forward-looking GAAP measure of net income attributable to the Company because we cannot predict with a reasonable degree of certainty and without unreasonable efforts certain components or excluded items that are inherently uncertain and depend on various factors. For these reasons, we are unable to assess the potential significance of the unavailable information.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
11/15/2024	$108.00	Buy	Stifel
11/22/2021	$15.00	Buy	EF Hutton

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Limbach Holdings Acquires Consolidated Mechanical
Leading provider of industrial facility systems solutions serving Kentucky, Michigan, and Illinois expands Limbach's owner direct relationships Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company"), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced that it has acquired Consolidated Mechanical, Inc. ("CMI"). Founded in 1984 in Owensboro, Kentucky, CMI serves the heavy industrial, power, and commercial markets. CMI is a premier provider of mechanical, millwright, steel fabrication, plumbing construction, maintenance, and outage services to ow
12/2/24 9:15:00 AM ET
$LMB
Engineering & Construction
Consumer Discretionary
Limbach Holdings to Participate in UBS Global Industrials and Transportation Conference
Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company"), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced that President and Chief Executive Officer Michael McCann and Executive Vice President and Chief Financial Officer Jayme Brooks will host one-on-one meetings with investors at the UBS Global Industrials and Transportation Conference on December 3 and 4, 2024 in Manalapan, Florida. About Limbach Limbach is a building systems solution firm that partners with building owners and facilities managers with mission-critical mechanical (heating,
11/21/24 4:52:00 PM ET
$LMB
Engineering & Construction
Consumer Discretionary
Limbach Holdings, Inc. Announces Third Quarter 2024 Results
Raising 2024 Adjusted EBITDA Guidance after Delivering Q3 Net Income of $7.5 million and Record Quarterly Adjusted EBITDA of $17.3 million Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company") today announced its financial results for the quarter ended September 30, 2024. 2024 Third Quarter Financial Overview Compared to 2023 Third Quarter Owner Direct Relationships ("ODR") revenue increased 41.3%, or $27.2 million, to $93.0 million accounting for 69.4% of total revenue. Total revenue was $133.9 million, an increase of 4.8% from $127.8 million. Total gross profit was $36.1 million, an increase of 15.6% from $31.2 million. ODR gross profit accounted for $29.6 million, or
11/5/24 4:05:00 PM ET
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Engineering & Construction
Consumer Discretionary

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Limbach Holdings Acquires Consolidated Mechanical
Leading provider of industrial facility systems solutions serving Kentucky, Michigan, and Illinois expands Limbach's owner direct relationships Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company"), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced that it has acquired Consolidated Mechanical, Inc. ("CMI"). Founded in 1984 in Owensboro, Kentucky, CMI serves the heavy industrial, power, and commercial markets. CMI is a premier provider of mechanical, millwright, steel fabrication, plumbing construction, maintenance, and outage services to ow
12/2/24 9:15:00 AM ET
$LMB
Engineering & Construction
Consumer Discretionary
Limbach Holdings, Inc. Announces Third Quarter 2024 Results
Raising 2024 Adjusted EBITDA Guidance after Delivering Q3 Net Income of $7.5 million and Record Quarterly Adjusted EBITDA of $17.3 million Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company") today announced its financial results for the quarter ended September 30, 2024. 2024 Third Quarter Financial Overview Compared to 2023 Third Quarter Owner Direct Relationships ("ODR") revenue increased 41.3%, or $27.2 million, to $93.0 million accounting for 69.4% of total revenue. Total revenue was $133.9 million, an increase of 4.8% from $127.8 million. Total gross profit was $36.1 million, an increase of 15.6% from $31.2 million. ODR gross profit accounted for $29.6 million, or
11/5/24 4:05:00 PM ET
$LMB
Engineering & Construction
Consumer Discretionary
Limbach Holdings to Announce Third Quarter 2024 Results
Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company"), a building systems solutions firm, today announced that the Company will release its third quarter 2024 financial results after the stock market closes on Tuesday, November 5, 2024. The Company will also host a conference call for analysts the following morning at 9:00 a.m. ET. Conference Call Details Date: Wednesday, November 6, 2024 Time: 9:00 a.m. ET Participant Dial-In Numbers: Domestic Callers: (877) 407-6176 International Callers: +1 (201) 689-8451 Access By Webcast The call will be simultaneously webcast over the Internet via the "Investor Relations" section of Limbach's website at IR Events - Limbach or by usi
10/22/24 4:05:00 PM ET
$LMB
Engineering & Construction
Consumer Discretionary

Limbach Holdings, Inc. Acquires Greensboro, NC – Based Specialty Mechanical Contractor Industrial Air, LLC
Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company") today announced the closing of the acquisition of Industrial Air, LLC ("IA"), a specialty mechanical contractor based in Greensboro, North Carolina, for an initial enterprise value of $13.5 million in an all-cash transaction. Transaction Highlights IA provides environmental mechanical and air filtration solutions and custom air handling equipment to industrial customers, with a particular expertise in serving the mission critical needs of leading businesses in the textile industry. Headquartered in Greensboro, North Carolina, IA establishes Limbach's presence in a diversified and fast-growing geographic market from whi
11/2/23 8:30:00 AM ET
$LMB
Engineering & Construction
Consumer Discretionary
Limbach Announces Leadership Transition
Michael M. McCann, COO since 2019, to become CEO effective March 29, 2023 Current CEO Charlie Bacon to remain on Limbach's Board of Directors Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company") announced today the appointment of Michael M. McCann as Chief Executive Officer ("CEO"), effective March 29, 2023. Mr. McCann currently serves as Executive Vice President and Chief Operating Officer ("COO") of Limbach, a role he has held since 2019. Mr. McCann will take over as CEO from Charlie Bacon, who has served as the Company's CEO since 2004. Mr. Bacon will continue to serve as a member of Limbach's Board of Directors until the Company's 2023 annual meeting of stockholders, at wh
1/17/23 7:30:00 AM ET
$LMB
Engineering & Construction
Consumer Discretionary
Limbach Holdings Inc. Expands Technology Focus and Appoints Christos Ruci to Chief Information Officer
Limbach Holdings, Inc. (NASDAQ:LMB) ("Limbach" or the "Company") announced today the appointment of Mr. Christos Ruci as Chief Information Officer. As a Company, our focus has been to increase value for our customers as part of our Owner-Direct business model. This strategic direction has required us to expand our partnerships and make decisions that invest in solutions designed to increase the effectiveness and efficiency of the business. Our technology, digital, and analytics solutions play a critical role in this effort. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220627005133/en/Christos Ruci (Photo: Business Wire) To this
6/27/22 9:00:00 AM ET
$LMB
Engineering & Construction
Consumer Discretionary

Limbach Sees FY24 Revenue $510M-$530M Vs $541.1M Est.

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$LMB Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Limbach Holdings Inc.

Amendment: SEC Form SC 13G/A filed by Limbach Holdings Inc.

Amendment: SEC Form SC 13G/A filed by Limbach Holdings Inc.

$LMB Analyst Ratings

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Stifel initiated coverage on Limbach with a new price target

EF Hutton initiated coverage on Limbach Holdings with a new price target

Lake Street Capital initiated coverage on Limbach

$LMB Press Releases

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Limbach Holdings Acquires Consolidated Mechanical

Limbach Holdings to Participate in UBS Global Industrials and Transportation Conference

Limbach Holdings, Inc. Announces Third Quarter 2024 Results

$LMB Financials

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Limbach Holdings Acquires Consolidated Mechanical

Limbach Holdings, Inc. Announces Third Quarter 2024 Results

Limbach Holdings to Announce Third Quarter 2024 Results

$LMB Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Gaboury David Richard bought $50,185 worth of shares (531 units at $94.51), increasing direct ownership by 34% to 2,071 units (SEC Form 4)

Director Gaboury David Richard bought $24,718 worth of shares (340 units at $72.70), increasing direct ownership by 28% to 1,540 units (SEC Form 4)

Director Alvarado Linda G bought $57,937 worth of shares (901 units at $64.30), increasing direct ownership by 3% to 27,290 units (SEC Form 4)

$LMB Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Gaboury David Richard converted options into 826 shares, increasing direct ownership by 40% to 2,897 units (SEC Form 4)

Regional President Angerosa Nicholas converted options into 770 shares and covered exercise/tax liability with 2,199 shares, decreasing direct ownership by 3% to 42,622 units (SEC Form 4)

Regional President Sharp Jay converted options into 928 shares and covered exercise/tax liability with 2,058 shares, decreasing direct ownership by 2% to 60,419 units (SEC Form 4)

$LMB Leadership Updates

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$LMB SEC Filings

Limbach Holdings, Inc. Acquires Greensboro, NC – Based Specialty Mechanical Contractor Industrial Air, LLC

Limbach Announces Leadership Transition

Limbach Holdings Inc. Expands Technology Focus and Appoints Christos Ruci to Chief Information Officer

Limbach Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

Limbach Holdings Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form S-3ASR filed by Limbach Holdings Inc.

Recent Analyst Ratings for
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Analyst Ratings

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