Limbach Holdings ( (LMB) ) has released its Q2 earnings. Here is a breakdown of the information Limbach Holdings presented to its investors.
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Limbach Holdings, Inc. is a building systems solutions firm specializing in mechanical, electrical, and plumbing infrastructure, primarily serving sectors such as healthcare, industrial, and data centers across the eastern United States. In its second quarter of 2025, Limbach Holdings reported a net income of $7.8 million and an adjusted EBITDA of $17.9 million, marking a significant improvement from the previous year. The company also raised its full-year revenue guidance to $650 million to $680 million, with adjusted EBITDA expected between $80 million and $86 million. Key financial highlights include a 16.4% increase in total revenue to $142.2 million and a 30% rise in adjusted EBITDA from the same quarter last year. The Owner Direct Relationships (ODR) segment saw a 31.7% revenue increase, now constituting 76.6% of total revenue, reflecting the company’s strategic focus on higher-margin business. Despite an increase in selling, general, and administrative expenses, the company maintained a strong gross profit margin of 28.0%. Looking ahead, Limbach Holdings remains optimistic about its growth strategy, focusing on expanding its ODR segment and strengthening customer relationships, supported by strategic investments and a robust M&A pipeline.