The earnings call highlighted significant growth in ODR revenue, strong financial performance with increased revenue and margins, and strategic expansion initiatives, including the acquisition of Pioneer Power. However, there were challenges such as the decline in GCR revenue, decreased ODR segment margins, reduced operating cash flow, and a cautious outlook for Pioneer integration. The highlights slightly outweigh the lowlights, indicating a positive trajectory with some areas needing attention.

Company Guidance

During the second quarter of 2025, Limbach Holdings, Inc. provided updated guidance for the year, projecting revenue between $650 million and $680 million, with adjusted EBITDA expected to range from $80 million to $86 million. The company reported a 16.4% increase in total revenue for the quarter, reaching $142.2 million, while ODR revenue grew by 31.7% to a record $108.9 million, now representing 76.6% of total revenue. Gross profit increased by 18.9% to $39.8 million, with a gross margin of 28%. Adjusted EBITDA rose 30% to $17.9 million, and adjusted net income grew 29% to $11.3 million. Limbach also highlighted its strategic expansion through acquisitions, such as the recent acquisition of Pioneer Power, which is expected to impact revenue distribution favorably towards the fourth quarter. The company continues to focus on scaling its ODR business, enhancing its service portfolio, and executing strategic M&A to drive growth.

Significant Growth in ODR Revenue

ODR revenue as a percentage of total revenue increased from 21% in Q2 2019 to 76.6% in Q2 2025. For the first half of 2025, ODR represented 72.4% of total revenue, aligning with the 2025 guidance.

Strong Financial Performance

Total revenue grew 16.4% year-over-year, ODR revenue rose 31.7%, gross profit increased by 18.9%, and adjusted EBITDA grew 30% compared to the year-ago period.

Expansion of Sales Organization

The company added 40 new salespeople, primarily consisting of on-site account managers, to support the expansion of the ODR business.

Strategic Acquisition of Pioneer Power

Completed the largest acquisition to date, expanding footprint in the Upper Midwest and complementing existing services.

Improved Gross Margin

Total gross margin increased to 28% from 27.4% in Q2 2024, driven by higher-margin ODR revenue and higher quality GCR projects.

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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