Limbach Holdings ( (LMB) ) has provided an update.
Limbach Holdings reported record financial results for the year ending December 31, 2024, with a significant increase in net income, adjusted EBITDA, and gross profit compared to 2023. The company attributed its success to strategic acquisitions, a shift in revenue mix towards ODR, and expanding customer relationships, which have driven profitability and positioned the company for sustainable growth.
More about Limbach Holdings
Limbach Holdings, Inc. operates in the construction and engineering industry, focusing on providing integrated building systems solutions. The company specializes in six verticals: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment, with a strategic focus on Owner Direct Relationships (ODR) and existing facilities.
YTD Price Performance: -18.07%
Average Trading Volume: 170,588
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $819.4M
See more insights into LMB stock on TipRanks’ Stock Analysis page.