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Limbach Holdings (LMB)
NASDAQ:LMB
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.64Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: 0.55%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights a successful strategic shift towards high-margin owner direct revenue, strong improvements in gross margin, and significant financial performance growth. However, challenges such as flat overall revenue growth, increased SG&A expenses, and a decline in operating cash flow present areas of concern.Company Guidance
In the recent call, Limbach Holdings, Inc. provided a comprehensive overview of its 2024 performance and guidance for 2025, highlighting several key metrics. The company reported a total revenue of $518.8 million for 2024, a marginal increase from 2023, with a notable 31.9% growth in the Owner Direct Revenue (ODR) segment and a 31.9% decline in General Contractor Revenue (GCR) as part of a strategic shift. The ODR segment contributed 66.6% of total revenue, up from 50.7% in 2023, and accounted for 74.7% of the total gross profit of $144.3 million, which saw a 20.9% increase. Gross margin improved to 27.8% from 23.1% in the previous year. The company completed two strategic acquisitions in 2024, expected to add approximately $6 million to the 2025 adjusted EBITDA, which is forecasted to be between $78 million and $82 million. Limbach projects 2025 organic revenue growth of 10% to 15%, with total revenue anticipated to range from $610 million to $630 million. For the upcoming year, the company aims to maintain its strategic focus on expanding the ODR segment, targeting an 80/20 revenue mix between ODR and GCR, to drive higher margins and sustainable growth.Shift to Owner Direct Revenue
In 2024, 67% of total revenue came from the Owner Direct (ODR) segment, contributing 75% of total gross profit dollars. ODR revenue grew 31.9%, and gross margins improved significantly, showing a strategic shift towards high-margin sustainable business.
Gross Margin Improvement
Total gross margin increased to 27.8% in 2024 from 23.1% in 2023, driven by higher-margin ODR revenue and quality GCR work.
Strategic Acquisitions
Two strategic acquisitions in 2024 are expected to add approximately $6 million to adjusted EBITDA in 2025, expanding the company's footprint and capabilities, especially in the industrial manufacturing sector.
Strong Financial Performance
Net income grew 48.8% to $30.9 million, and adjusted EBITDA increased by 36.1% to $63.7 million, exceeding the top end of 2024 adjusted EBITDA guidance.
Expansion in Healthcare Vertical
Healthcare emerged as the largest vertical, with significant growth opportunities due to the high demand for infrastructure upgrades and maintenance.
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LMB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $68.92 | $79.69 | +15.63% |
| Nov 05, 2024 | $77.79 | $93.79 | +20.57% |
| Aug 06, 2024 | $56.25 | $59.79 | +6.29% |
| May 08, 2024 | $48.38 | $47.67 | -1.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Limbach Holdings (LMB) report earnings?
Limbach Holdings (LMB) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Limbach Holdings (LMB) earnings time?
Limbach Holdings (LMB) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LMB EPS forecast?
LMB EPS forecast for the fiscal quarter 2025 (Q1) is 0.34.
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