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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, Inc. (NASDAQ: LMB) announced the appointment of Linda G. Alvarado to its Board of Directors effective August 26, 2021, following the retirement of Larry G. Swets. Alvarado, a seasoned professional in the construction industry, is the founder and CEO of Alvarado Construction, Inc. and brings extensive management experience from various public company boards. Her background in finance and strategic growth planning is expected to contribute positively to Limbach’s future direction, helping to provide diverse perspectives for the company's growth.
Limbach Holdings, Inc. (Nasdaq: LMB) reported its financial results for Q2 2021, showing a revenue increase of 6.8% to $121.0 million compared to Q1 2021. The ODR segment grew to 27.7% of total revenue, reflecting a successful transition towards higher-margin work. However, total revenue decreased 10.5% year-over-year, driven by a 17.4% drop in GCR revenue. Gross margin improved to 15.4%, and net income fell to $0.7 million. The company has revised its 2021 revenue guidance to $480-$510 million and adjusted EBITDA to $23-$25 million, now projecting ODR segment growth exceeding 25% for the year.
Limbach Holdings, Inc. (NASDAQ: LMB) will release its second quarter 2021 financial results on August 12, 2021, after market close. A conference call for investors and analysts is set for August 13, 2021, at 9:00 a.m. EDT, featuring key executives including Charlie Bacon, President and CEO, and Jayme Brooks, CFO. Domestic callers can reach the call at 866-604-1698 while international callers can dial 201-389-0844. The call will be webcast live through Limbach’s investor relations website.
Limbach Holdings (NASDAQ: LMB) will participate in the LD Micro Invitational XI Conference on June 9th at 10:00 am ET. Executive Vice President, Matt Katz, will present and engage in virtual one-on-one meetings throughout the day. The conference occurs from June 8th to 10th, featuring approximately 180 companies and keynotes. Limbach specializes in integrated building systems, including HVAC and plumbing solutions, serving various sectors such as healthcare and education. For more details, the presentation can be accessed through their investor relations website.
Limbach Holdings (NASDAQ: LMB) will participate in the virtual Stifel Cross Sector Insights Conference from June 8-10. CEO Charlie Bacon is set to present on June 10 at 3:20 PM ET, with both Bacon and EVP Matt Katz available for virtual one-on-one meetings. The presentation will be accessible via the investor relations section of Limbach's website or directly at this link.
Limbach specializes in integrated building systems solutions, focusing on HVAC, mechanical, electrical, plumbing, and controls systems across various sectors.
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.
FAQ
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