Limbach Holdings, Inc.
NASDAQ•LMB
CEO: Mr. Michael M. McCann
Sector: Industrials
Industry: Engineering & Construction
Listing Date: 2014-08-08
Limbach Holdings, Inc. operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services. It also provides critical system repair, MEP infrastructure projects, maintenance contracts, building automation upgrades, data driven insights, and program management services. In addition, it offers captive engineering capabilities, estimating and virtual design; and professional engineering, energy analysis, estimation, and detail design and three-dimensional building installation coordination services. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; sports arenas; entertainment facilities, and amusement rides and parks; data centers; automotive, energy and general manufacturing plants; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Warrendale, Pennsylvania.
Contact Information
Market Cap
$946.54M
P/E (TTM)
25.9
38.1
Dividend Yield
--
52W High
$154.05
52W Low
$63.02
52W Range
Rank44Top 53.8%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$184.58M+37.83%
4-Quarter Trend
EPS
$0.76+14.52%
4-Quarter Trend
FCF
$12.85M+180.34%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Revenue Growth Total revenue reached $459.9M for nine months, reflecting a strong $84.8M increase, or 22.6% growth.
ODR Segment Accelerated Growth ODR revenue grew $90.7M, reaching $340.7M, driven by acquisitions and focus on higher margin work.
Gross Profit Increased Substantially Total gross profit climbed to $121.2M, a $20.5M increase, despite slight overall margin compression to 26.4%.
Net Income Rises to $26.8M Nine month net income was $26.8M, showing a $5.7M improvement over the prior comparable period results.
Risk Factors
Federal Government Shutdown Risk Delays in federal appropriations could suspend government contracts, delay payments, or impact new contract awards.
Inflation and Supply Chain Volatility Monitoring uncertain inflationary cost environment, geopolitical risks, and potential disruptions to supply chains and materials.
Gross Margin Profile Shift Overall gross margin slightly compressed to 26.4% due to integration of Pioneer Power's lower margin profile.
Pension Withdrawal Liability Uncertainty Potential obligation for unfunded vested benefits in MEPPs could result in material withdrawal liability payments.
Outlook
ODR Revenue Mix Target Company maintains disciplined focus on ODR segment, currently at 74.1% of revenue, targeting 70%-80% mix.
Scaling Through Strategic Acquisitions Continuing to evaluate synergistic acquisitions to expand geographic footprint and enhance core capability offerings.
Liquidity Supports Next Twelve Months Current cash plus $60.4M credit availability ensures sufficient funding for working capital and capital expenditures.
Focus on Margin Expansion Strategy emphasizes evolving offerings to drive sustainable growth, increase operational efficiency, and expand margins.
Peer Comparison
Revenue (TTM)
$1.37B
BBSI$1.22B
HSII$1.21B
Gross Margin (Latest Quarter)
MEG39.4%
36.9%
29.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| WLDN | $1.88B | 44.7 | 16.1% | 13.4% |
| GRC | $1.38B | 27.4 | 12.9% | 37.0% |
| CRAI | $1.37B | 24.2 | 27.0% | 30.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.7%
Steady Growth
4Q Net Income CAGR
-3.7%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Mar 9, 2026
EPS:$1.26
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 4, 2025|Revenue: $184.58M+37.8%|EPS: $0.76+14.5%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 5, 2025|Revenue: $142.24M+16.4%|EPS: $0.67+26.4%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 5, 2025|Revenue: $133.11M+11.9%|EPS: $0.89+30.9%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 10, 2025|Revenue: $518.78M+0.5%|EPS: $2.75+42.5%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 5, 2024|Revenue: $133.92M+4.8%|EPS: $0.66+0.0%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 6, 2024|Revenue: $122.24M-2.1%|EPS: $0.53+6.0%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 8, 2024|Revenue: $118.98M-1.7%|EPS: $0.68+134.5%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 13, 2024|Revenue: $516.35M+3.9%|EPS: $1.93+196.9%Beat