The earnings call reflected strong growth in revenue, particularly in the high-margin ODR segment, and successful strategic acquisitions. However, there were concerns about declining GCR revenue, cash flow challenges, and reduced ODR margins. The company is strategically positioned for future growth, but faces short-term operational challenges.

Company Guidance -

Q3 2025

During the second quarter of 2025, Limbach Holdings revised its 2025 guidance, projecting full-year revenue between $650 million and $680 million and adjusted EBITDA in the range of $80 million to $86 million. The company reported a 16.4% increase in total revenue compared to the second quarter of 2024, reaching $142.2 million, driven by a 31.7% rise in ODR revenue. The ODR business constituted 76.6% of total revenue in the quarter, aligning with their 2025 guidance of maintaining ODR revenue between 70% and 80%. Gross profit grew by 18.9%, and adjusted EBITDA saw a 30% increase, reaching $17.9 million. Limbach's strategic initiatives, including scaling the ODR business and strategic acquisitions like Pioneer Power, aim to drive long-term growth, with a particular focus on proactive partnerships and expanding service offerings. The company is also navigating macroeconomic uncertainties by operating across six verticals, ensuring diversification, and reducing dependency on any single market.

Strong Revenue Growth and ODR Strategy Success

Second quarter total revenue grew 16.4% compared to the previous year, with ODR revenue increasing by 31.7%, demonstrating successful execution of the shift to ODR which now represents 76.6% of total revenue.

Record Adjusted EBITDA Growth

Adjusted EBITDA increased by 30% year-over-year, reaching $17.9 million, with a margin of 12.6% compared to 11.3% in the prior year.

Successful Strategic Acquisition

Completed the acquisition of Pioneer Power, the largest in the company's history, expanding Limbach’s footprint in the Upper Midwest and strengthening its service offerings.

Increase in Gross Profit and Margins

Gross profit increased by 18.9%, with total gross margin rising to 28% from 27.4%, driven by higher-margin ODR revenue.

Expansion of Sales Team

Expanded sales organization by adding 40 new salespeople and hiring a new Senior VP of Sales to drive further growth in national accounts.

Limbach Holdings (LMB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LMB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	1.05 / -	0.62	―	―	―
Aug 05, 2025	2025 (Q2)	0.77 / 0.93	0.5	86.00% (+0.43)
May 05, 2025	2025 (Q1)	0.43 / 1.12	0.64	75.00% (+0.48)
Mar 10, 2025	2024 (Q4)	0.79 / 1.15	0.44	161.36% (+0.71)
Nov 05, 2024	2024 (Q3)	0.52 / 0.62	0.61	1.64% (+0.01)
Aug 06, 2024	2024 (Q2)	0.37 / 0.50	0.46	8.70% (+0.04)
May 08, 2024	2024 (Q1)	0.34 / 0.64	0.27	137.04% (+0.37)
Mar 13, 2024	2023 (Q4)	0.40 / 0.44	0.35	25.71% (+0.09)
Nov 08, 2023	2023 (Q3)	0.31 / 0.61	0.34	79.41% (+0.27)
Aug 09, 2023	2023 (Q2)	0.18 / 0.46	0.08	475.00% (+0.38)

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
Aug 05, 2025	$134.12	$109.68	-18.22%
May 05, 2025	$103.33	$114.69	+10.99%
Mar 10, 2025	$68.92	$79.69	+15.63%
Nov 05, 2024	$77.79	$93.79	+20.57%

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 Nov 05, 2025, After Close (Confirmed).

What is Limbach Holdings (LMB) earnings time?

Limbach Holdings (LMB) earnings time is at Nov 05, 2025, After Close (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 (Q3) is 1.05.

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