Limbach Holdings (LMB)
NASDAQ:LMB
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.94Last Year’s EPS
0.93Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong operational momentum in bookings (book-to-bill 1.5x), clear traction in the data center vertical including near-term >$30M and $6M awards, and a reaffirmed 2026 growth and EBITDA guide. However, near-term financial performance was weaker with meaningful declines in organic revenue, gross margins, adjusted EBITDA and net income, driven partly by integration and seasonal factors and higher fixed costs. Management outlined specific remediation actions for Pioneer Power margins and emphasized strategic investments expected to drive revenue and margin expansion over the year and beyond. Given substantial operational positives but notable near-term financial headwinds, the overall tone is cautious and constructive.Company Guidance
Strong Bookings and Book-to-Bill
Q1 bookings of $209.0M produced a book-to-bill of 1.5x; more than $434M of bookings over the past two quarters ($225M in Q4'25 + $209M in Q1'26). Approximately 27% of Q1 bookings came from data center opportunities, indicating accelerating demand.
Data Center Awards and Near-Term Revenue
Won a larger hyperscaler data center fabrication project expected to exceed $30M in contract value to be recognized over the next few quarters; Pioneer Power also awarded a rapid-execution data center retrofit (~$6M) contributing beginning in Q2.
ODR Revenue Growth and Mix Stabilization
ODR revenue grew 10.4% to $99.8M and constituted 71.9% of total revenue, reflecting progress toward the targeted ODR/GCR mix and management focus on owner-direct relationships and mission-critical customers.
Reaffirmed Full-Year 2026 Guidance
Reaffirmed guidance: revenue $730M–$760M (implying +13%–17% YoY) and adjusted EBITDA $90M–$94M (+10%–16% YoY). Underlying assumptions include total organic revenue growth of 4%–8%, ODR organic growth of 9%–12%, ODR mix 75%–80%, and total gross margin 26%–27%.
Strategic Investments and Team Build-Out
Investments in national sales, vertical market teams (health care fully built), sales enablement tools, and a dedicated data center vertical team to scale capabilities and capture mission-critical opportunities.
Acquisition Integration Progress & Capacity
Pioneer Power integration progressing; Pioneer contributed ~$23.5M of revenue in Q1. Company highlights available fabrication capacity (e.g., large Jake Marshall facility) to support data center fabrication demand without immediate CapEx.
Liquidity Position and Capital Allocation
Cash and cash equivalents of $15.8M, total debt $57.0M, $32.4M drawn on revolver; total liquidity (cash + revolver availability) $76.4M. Management targeting free cash flow conversion of ~75% of adjusted EBITDA for 2026 and CapEx run rate ~ $5M.
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
LMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $114.11 | $76.97 | -32.55% |
Mar 02, 2026 | $89.17 | $87.53 | -1.84% |
Nov 04, 2025 | $90.80 | $84.00 | -7.49% |
Aug 05, 2025 | $134.12 | $109.68 | -18.22% |
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.
FAQ
When does Limbach Holdings (LMB) report earnings?
Limbach Holdings (LMB) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Limbach Holdings (LMB) earnings time?
Limbach Holdings (LMB) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 0.94.