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Limbach Holdings, Inc - LMB STOCK NEWS

Welcome to our dedicated page for Limbach Holdings news (Ticker: LMB), a resource for investors and traders seeking the latest updates and insights on Limbach Holdings stock.

Limbach Holdings, Inc. (symbol: LMB) is a prominent integrated building systems provider headquartered in Pittsburgh, PA. Established with an estimated revenue of approximately $400 million in 2016, the company specializes in managing all components of mechanical, electrical, plumbing, and control systems. Limbach's core services encompass system design, construction, performance, and maintenance for both new and existing buildings.

Operating through 10 strategically located business units across the United States, Limbach serves a diverse customer base, including private building owners, not-for-profit organizations, and public/government sectors. Their locations span from Western and Eastern Pennsylvania, New Jersey, New England, Ohio, Michigan, Southern California, to the Mid-Atlantic region.

Limbach's expertise includes engineering, constructing, and servicing critical building systems such as mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. The company operates in two primary segments: General Contractor Relationships (GCR) and Owner Direct Relationships (ODR), with the latter generating the maximum revenue for the company.

Noteworthy recent achievements include various successful projects, partnerships, and advancements in energy retrofit solutions and equipment upgrades. This positions Limbach as a leader in the commercial specialty contracting field, ensuring sustainable and efficient building system solutions for their clients.

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Limbach Holdings, Inc. (Nasdaq: LMB) will announce its first quarter 2024 financial results on May 8, 2024, followed by a conference call on May 9, 2024, at 9:00 a.m. ET. Investors and analysts can access the call via dial-in numbers or webcast.
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Limbach Holdings, Inc. (Nasdaq: LMB) reported a strong financial performance for the year 2023, with a 3.9% increase in consolidated revenue, a 27.3% increase in gross profit, and a significant growth in net income and adjusted EBITDA. The Owner Direct Relationships (ODR) segment saw a revenue increase of 22.8% year-over-year for Q4 and 21.1% for the year, accounting for over half of the company's revenue and gross profit. The company's strategic shift towards the ODR business is driving higher margins and stronger performance.
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Limbach Holdings, Inc. (LMB) announces participation in the 36th Annual Roth Conference by President & CEO Michael McCann and EVP & CFO Jayme Brooks. The event will take place on March 18-19, 2024, in Dana Point, Calif.
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Limbach Holdings, Inc. (LMB) will release its Q4 and full year 2023 financial results on March 13, 2024, followed by a conference call on March 14, 2024. Investors can dial in for details.
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Limbach Holdings, Inc. (Nasdaq: LMB) has engaged Financial Profiles, Inc. for integrated communications, including investor relations, public relations, and sustainability communications. The strategic relationship aims to enhance Limbach’s communication and outreach efforts to raise visibility among various stakeholders. The company's President and CEO, Michael McCann, expressed excitement about the collaboration, emphasizing Financial Profiles' track record of success and substantial knowledge of the engineering and business services sectors. Moira Conlon, Founder and CEO of Financial Profiles, highlighted Limbach's potential for sustained profitable growth and returns, positioning the company for continued success.
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Limbach Holdings, Inc. (Nasdaq: LMB) announced a 10.3% year-over-year increase in revenue from their Owner Direct Relationships (ODR) segment for Q3. ODR accounted for approximately 51.5% of revenue and 61.7% of consolidated gross profit for the quarter. The consolidated gross margin also increased to 24.5%. The company also raised their FY 2023 Adjusted EBITDA guidance.
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Limbach Holdings has completed the acquisition of Industrial Air for $13.5 million in an all-cash transaction. Industrial Air provides environmental mechanical and air filtration solutions to industrial customers, with an expertise in serving the textile industry. The acquisition allows Limbach to expand in the industrial and institutional sectors. Industrial Air is expected to contribute $30.0 million in revenue and $4.0 million in EBITDA annually. The total consideration paid at closing was $13.5 million, with potential earn-outs of $6.5 million over the next two years.
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Limbach Holdings, Inc. (NASDAQ: LMB) will release its Q3 2023 financial results on November 8, 2023, after the market closes. The company will host an earnings conference call on November 9, 2023, at 9:00 a.m. ET.
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Limbach Holdings, Inc. reports Q2 2023 financial results. Revenue from ODR segment up 18.1% YoY. Consolidated gross margin increased to 22.8%. Adjusted EBITDA increased 81.1% YoY. FY 2023 Adjusted EBITDA guidance increased. Net income of $5.3 million compared to $0.9 million.
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FAQ

What is the current stock price of Limbach Holdings (LMB)?

The current stock price of Limbach Holdings (LMB) is $89.76 as of December 20, 2024.

What is the market cap of Limbach Holdings (LMB)?

The market cap of Limbach Holdings (LMB) is approximately 995.0M.

What services does Limbach Holdings, Inc. provide?

Limbach offers services in HVAC, plumbing, electrical, building automation, and control systems, including design, construction, performance, and maintenance.

Where is Limbach Holdings, Inc. headquartered?

Limbach Holdings, Inc. is headquartered in Pittsburgh, PA.

What are the primary segments Limbach operates in?

Limbach operates in two primary segments: General Contractor Relationships (GCR) and Owner Direct Relationships (ODR).

Which segment generates the most revenue for Limbach?

The Owner Direct Relationships (ODR) segment generates the most revenue for Limbach.

In which regions does Limbach operate its business units?

Limbach operates business units in Western and Eastern Pennsylvania, New Jersey, New England, Ohio, Michigan, Southern California, and the Mid-Atlantic region.

Who are the typical customers of Limbach?

Limbach's typical customers include private building owners, not-for-profit organizations, and public/government sectors.

What recent achievements has Limbach Holdings, Inc. accomplished?

Recent achievements include successful projects, partnerships, and advancements in energy retrofit solutions and equipment upgrades.

What is Limbach's approach to building system solutions?

Limbach emphasizes sustainable and efficient building system solutions through their integrated approach to design, construction, performance, and maintenance.

How does Limbach ensure the efficiency of their services?

Limbach ensures efficiency through strategic locations, comprehensive services, and a focus on sustainability and performance in building systems.

What is the significance of Limbach in the market?

Limbach is a leader in the commercial specialty contracting field, known for its integrated building system solutions and significant market presence.

Limbach Holdings, Inc

Nasdaq:LMB

LMB Rankings

LMB Stock Data

994.96M
9.82M
12.92%
76.04%
4.67%
Building Products & Equipment
Construction - Special Trade Contractors
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United States of America
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