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Introduction
Limbach Holdings Inc is an integrated building systems provider and commercial specialty contractor that expertly manages the design, construction, and maintenance of critical infrastructure systems. As a key player in the mechanical, electrical, plumbing, and control systems sectors, the company is renowned for its integrated approach in delivering solutions that include sophisticated HVAC design, comprehensive building automation, and advanced control system integration. Operating predominantly through its Owner Direct Relationships (ODR) segment alongside its General Contractor Relationships (GCR) division, Limbach stands apart by tailoring its services to diverse clientele spanning private, non-profit, and public sectors.
Core Business & Service Offerings
Limbach Holdings Inc offers a full spectrum of services that cover the lifecycle of building systems. The company designs and engineers state-of-the-art mechanical, plumbing, air conditioning, heating, electrical, and control systems. Its service portfolio includes:
- Design and Engineering: Crafting detailed blueprints and innovative system designs that encompass modern building automation and energy management.
- Construction & Installation: Overseeing the installation of integrated systems with precision, ensuring that mechanical and electrical infrastructures meet the highest industry standards.
- Maintenance & Performance: Providing ongoing maintenance and performance services aimed at optimizing system functionality and prolonging asset life.
- Energy Retrofits & Equipment Upgrades: Updating existing systems to improve energy efficiency and incorporate emerging technologies without compromising operational continuity.
Operating Segments & Market Position
The company strategically operates under two distinct segments: the General Contractor Relationships (GCR) and Owner Direct Relationships (ODR). Despite a diversified service model, the primary revenue driver is the ODR segment, where direct, long-term relationships with building owners enable tailored service contracts and comprehensive system management. By leveraging relationships with both public institutions and private enterprises, Limbach has secured a notable position within its market.
Geographic Footprint & Operational Excellence
With headquarters in Pittsburgh, PA, Limbach operates from multiple strategic business units across key US regions. The extensive geographic distribution enhances its ability to manage projects across varied climate zones and regulatory environments. This not only ensures logistical efficiency but also provides deeper local market insights that contribute to bespoke system designs and superior site-specific solutions.
Expertise in Integrated Building Systems
The company’s robust expertise is underpinned by its end-to-end service model, which integrates the construction and maintenance of building systems from conception to operation. This integrated approach enables efficient project management, minimizes downtime, and delivers long-term performance improvements in building infrastructure. By continuously adapting to technological advances and industry standards, Limbach remains capable of addressing complex challenges within building automation and energy management.
Value Proposition & Competitive Differentiation
Limbach Holdings Inc differentiates itself in the competitive construction and building systems markets through a commitment to technical excellence and operational integrity. The company’s unique modus operandi — managing every phase of a building system’s lifecycle — is designed to optimize performance and ensure the longevity of critical building infrastructures. This comprehensive service delivery model, coupled with robust expertise in mechanical, HVAC, plumbing, and electrical systems, enables Limbach to offer precise, reliable, and enduring solutions for diverse building applications.
Industry Relevance & Trustworthiness
In an industry where technological sophistication and operational reliability are paramount, Limbach’s integrated approach provides a trustworthy framework for enhancing building performance. The company’s attention to detail in every project phase, from system design and engineering to installation, maintenance, and performance monitoring, reflects a deep commitment to maintaining high industry standards. This long-standing expertise positions Limbach as a crucial contributor to the development and maintenance of modern building systems.
Limbach Holdings (NASDAQ: LMB) reported record financial results for FY2024, with net income reaching $30.9 million ($2.57 per diluted share), up from $20.8 million in 2023. The company achieved record adjusted EBITDA of $63.7 million, a 36.1% increase year-over-year.
Key highlights include:
- Record full-year gross profit of $144.3 million, up 20.9%
- Owner Direct Relationships revenue increased 31.9% to $345.5 million
- Adjusted net income of $43.2 million ($3.60 per adjusted diluted share)
For 2025, Limbach projects revenue of $610-630 million and adjusted EBITDA of $78-82 million. The company completed two strategic acquisitions in 2024 and maintains a focus on working with mission-critical building owners across six verticals: healthcare, industrial/manufacturing, data centers, life science, higher education, and cultural/entertainment.
Limbach Holdings (Nasdaq: LMB), a building systems solutions firm specializing in mission-critical mechanical, electrical, and plumbing infrastructure, has announced its participation in two major investor conferences.
The company's leadership will engage in the following events:
- UBS Services Conference - CEO Michael McCann will host one-on-one investor meetings on March 12th-13th in New York City
- Roth 37th Annual Conference for Growth Companies - CEO McCann and CFO Jayme Brooks will attend March 16th-18th in Dana Point, CA, featuring both investor meetings and a fireside chat on March 18th at 12:30 p.m. PT
The fireside chat will be accessible via webcast on Limbach's investor relations website.
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.
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