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.
Limbach Holdings (Nasdaq: LMB) has priced its underwritten public offering of 1,783,500 shares at $12.00 each, aiming for gross proceeds of approximately $21.4 million. The offering includes a 30-day option for underwriters to purchase an additional 267,525 shares. The funds will support general corporate purposes, including working and growth capital. The offering is set to close on February 12, 2021, subject to standard conditions. Lake Street Capital Markets LLC is the sole book-runner.
Limbach Holdings plans to offer common stock in an underwritten public offering, with an option for underwriters to purchase an additional 15% of shares. The offering is subject to market conditions and aims to provide funds for general corporate purposes, including working and growth capital. The company employs over 1,700 individuals across 22 U.S. offices, focusing on HVAC and building infrastructure services. Lake Street Capital Markets is the sole book-runner for this offering.
Limbach Holdings, Inc. (NASDAQ: LMB) has appointed Melissa DiMuro as the Chief People & Culture Officer, effective immediately. With 18 years of experience, primarily in human capital leadership at GE Aviation, DiMuro is poised to enhance Limbach's Owner Direct & Service business and technology platform. CEO Charlie Bacon emphasized the importance of recruiting and retaining skilled labor, citing DiMuro's experience as crucial for the company's evolving business model. Limbach aims to meet industry challenges while maintaining leadership in safety and technical capability.
Limbach Holdings, Inc. (NASDAQ: LMB) announced that CEO Charlie Bacon will present at NobleCon17 on January 19th at 12:45 PM EST. This conference will be held virtually, free of charge. A recorded video of the presentation will be available on their website the next day and will also be rebroadcast on Channelchek next month. Limbach, which had a revenue of $553.3 million in 2019, specializes in integrated building systems solutions, predominantly serving commercial and institutional clients across various sectors.
Limbach Holdings, Inc. (NASDAQ: LMB) will present at the 13th annual LD Micro Main Event investor conference on December 14th, at 9:20 AM PST/12:20 PM EST. Executive Vice President Matt Katz will address a virtual audience. This year’s Main Event introduces a unique format, featuring 10-minute presentations followed by a Q&A session with investors and analysts. The conference will take place on the Sequire Virtual Events platform and aims to engage both executives and investors. For further details, register here.
Limbach Holdings, Inc. (NASDAQ: LMB) announced participation in Sidoti & Company’s Virtual Microcap Conference 2020. Executive VP Matt Katz will present on November 19 at 2:30 PM EDT and be available for virtual one-on-one meetings. The presentation webcast is accessible on Limbach’s investor relations webpage.
In 2019, Limbach reported revenue of $553.3 million, focusing on integrated building systems solutions for commercial clients, particularly in healthcare and education sectors. The company employs over 1,700 staff across 22 offices in the U.S.
Limbach Holdings reported a 10.6% increase in revenue for Q3 2020, totaling $163.9 million compared to the same period last year. Gross margin improved to 14.8%, up 235 basis points, leading to a net income of $2.5 million and Adjusted EBITDA of $8.8 million, more than double last year's figure. Despite revenue growth in its Construction and Service segments, total backlog decreased to $469.3 million. The company raised its Adjusted EBITDA guidance to $23-26 million while maintaining revenue guidance of $560-600 million.
Limbach Holdings, Inc. (NASDAQ: LMB) announced the release date for its third quarter 2020 financial results, scheduled for Thursday, November 12, 2020, before market opening. A conference call for investors will follow at 10:00 a.m. EDT, led by CEO Charlie Bacon and CFO Jayme Brooks. Participants can join via telephone or access the call online through Limbach's Investor Relations page. The firm, which reported $553.3 million in revenue for 2019, specializes in integrated building systems solutions for commercial and institutional clients across various sectors.
Limbach Holdings (NASDAQ: LMB) has successfully booked approximately $95 million in project contracts into backlog, following their previous classification as "promised". Key projects include a major downtown commercial development, a new healthcare facility, and a large-scale data center. CEO Charlie Bacon noted stable demand in core markets and emphasized the Company's strategic approach to project selection and risk management, which supports continued opportunities in their diverse service areas across the U.S.
Limbach Holdings, Inc. (NASDAQ: LMB) will participate in the LD Micro's "Zooming with LD" event on October 9th at 11:00 am EST. Executive Vice President Matt Katz will present and is available for virtual one-on-one meetings. Investors can view the presentation via the company's investor relations website or directly through the provided link.
Limbach, which reported $553.3 million in revenue for 2019, specializes in integrated building systems solutions, primarily serving commercial and institutional clients across various end-markets.
FAQ
What is the current stock price of Limbach Holdings (LMB)?
What is the market cap of Limbach Holdings (LMB)?
What services does Limbach Holdings, Inc. provide?
Where is Limbach Holdings, Inc. headquartered?
What are the primary segments Limbach operates in?
Which segment generates the most revenue for Limbach?
In which regions does Limbach operate its business units?
Who are the typical customers of Limbach?
What recent achievements has Limbach Holdings, Inc. accomplished?
What is Limbach's approach to building system solutions?
How does Limbach ensure the efficiency of their services?
What is the significance of Limbach in the market?
