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.
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, Inc. announced that
Limbach Holdings, Inc. (Nasdaq: LMB) reported Q3 2022 financial results showing consolidated revenue of $122.4 million, a 5.3% decrease from Q3 2021. The Owner Direct Relationships (ODR) segment revenue surged 52.2%, constituting 48.8% of total revenue. Gross margin improved to 20.3%, compared to 18.9% in the previous year, with adjusted EBITDA rising 25.7% to $10.2 million. Despite a decline in net income to $3.6 million, the company remains optimistic about meeting its tightened revenue and increased EBITDA guidance for 2022.
Limbach Holdings, Inc. (NASDAQ: LMB) will announce its third quarter 2022 financial results after the market closes on
Limbach Holdings, Inc. (NASDAQ: LMB) has announced a new share repurchase program allowing up to $2.0 million in Common Stock to be repurchased. This initiative, approved by the Board of Directors, aims to enhance shareholder value and capitalize on potential buying opportunities over its one-year term, set to expire on September 29, 2023. The repurchase may occur through various methods and will be funded from cash, cash flow, or borrowing, depending on market conditions. The exact number of shares is not guaranteed, and the program can be modified or halted at any time.
Limbach Holdings, Inc. (Nasdaq: LMB) will participate in The Windy City Roundup hosted by MicroCap Rodeo on October 13 at the Swissotel Chicago. CEO Charlie Bacon will present at 11:00 am CT and will be available for one-on-one meetings throughout the event. The MicroCap Rodeo aims to connect investors with over 50 microcap companies, providing insights into key value drivers and trends for 2023. Investors can check Limbach’s Investor Relations website for updates and webcast links.
Limbach Holdings, Inc. (Nasdaq: LMB) announced its participation in Lake Street’s 6th Annual Best Ideas Growth Conference on September 14 at the Yale Club in New York City. CEO Charlie Bacon and EVP Matt Katz will be available for one-on-one meetings throughout the event. This year’s event will feature leading public companies paired with institutional investors for in-depth discussions. Limbach is recognized for its expertise in integrated building systems, including HVAC, plumbing, and electrical services, with a focus on various sectors across the U.S.
Limbach Holdings, Inc. (Nasdaq: LMB) reported Q2 2022 results showing a consolidated revenue of $116.1 million, down 4.0% year-over-year. The Owner Direct Relationships (ODR) segment revenue surged 48.7%, contributing 42.9% of total revenue. Net income increased to $0.9 million, an 18.3% rise, and Adjusted EBITDA jumped 85.1% to $6.6 million. Despite a decrease in overall revenue, the gross margin improved to 18.4%. The company reaffirmed its FY 2022 guidance of $510-$540 million in revenue and $25-$29 million in Adjusted EBITDA.
Limbach Holdings, Inc. (NASDAQ: LMB) will release its Q2 2022 financial results on
Limbach Holdings, Inc. (NASDAQ: LMB) has appointed Christos Ruci as Chief Information Officer, emphasizing its commitment to enhancing efficiency through technology. Mr. Ruci, who previously served as VP of Technology, will report to CFO Jayme Brooks and focus on driving the company's digital solutions and analytics strategy. This strategic move aligns with Limbach's Owner-Direct business model aimed at delivering increased value to customers and streamlining operations. The initiative is expected to improve decision-making processes and employee productivity.
Limbach Holdings, Inc. (Nasdaq: LMB) reported a 1.3% increase in consolidated revenue to $114.8 million for Q1 2022. The Owner Direct Relationships (ODR) segment saw a significant 50.3% rise in revenue, contributing 54.4% of consolidated gross profit. Gross margin improved to 16.0%, resulting in a $1.1 million increase in gross profit year-over-year. The company anticipates continued revenue growth, projecting FY 2022 revenues between $510 million and $540 million, with Adjusted EBITDA of $25 million to $29 million. Backlog rose to $447.6 million, indicating robust demand.
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