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Limbach Holdings (LMB)
NASDAQ:LMB
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.96Last Year’s EPS
1.12Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum — record revenue growth (24.7%), outsized ODR growth (40.6% with 17% organic), record adjusted EBITDA (+28.4%), strong cash generation and low leverage — driven by strategic mix shift, active M&A and sales investments. Primary concerns centered on margin pressure from recent acquisitions (notably Pioneer Power), near-term seasonality and integration timelines that will depress consolidated gross margins in the short term. Management provided clear remediation plans (integration phases, sales enablement, REVOLVE solutions) and multi-year visibility for margin recovery.Company Guidance
Record Full-Year Revenue Growth
Total revenue for 2025 grew 24.7% year-over-year to $646.8 million, the first substantial revenue growth since 2020 and described as a record year.
Strong ODR Performance and Mix Shift
ODR revenue increased 40.6% to $485.7 million for 2025, with organic ODR revenue growth of 17%. ODR/GCR mix improved to 75% ODR / 25% GCR for 2025 (Q4 ODR = 77.6%), up from 67% ODR / 33% GCR earlier in the year.
Record Adjusted EBITDA and Margin Expansion
Reported record full-year adjusted EBITDA of $81.8 million (up 28.4% vs. 2024) within guidance, with adjusted EBITDA margin expanding to 12.6% from 12.3%.
Strong Cash Generation and Free Cash Flow
Generated $71.9 million in cash from operations (excluding working capital) in 2025 and free cash flow of $70.1 million (up $17.8 million vs. 2024). Free cash flow conversion of adjusted EBITDA was 85.7% (vs. 82.1% prior year).
Improving Bookings and Sales Momentum
Fourth-quarter bookings were $225 million versus quarterly revenue of $187 million, indicating forward sales momentum (bookings > revenue) that provides visibility into 2026.
Balance Sheet Strength and Liquidity
As of Dec 31, 2025 cash and equivalents were $11.3 million, total debt $35.9 million, net debt of $24.6 million, net debt / adjusted EBITDA of 0.3x, and total liquidity of $96.3 million. Company authorized a $50 million share repurchase program.
Operational Wins and Strategic Initiatives
Expanded national vertical focus (healthcare, industrial manufacturing, data center), dedicated senior sales and national customer executives, emphasis on REVOLVE customer solutions, and deliberate M&A plan targeting 1–3 acquisitions in 2026.
Notable Q4 and FY Earnings Improvements
Q4 total revenue rose 30.1% to $186.9 million; Q4 adjusted EBITDA rose 30% to $27.2 million; full-year net income grew 26.5% to $39.1 million and diluted EPS rose 25.7% to $3.23.
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 |
|---|---|---|---|
Mar 02, 2026 | $89.17 | ― | ― |
Nov 04, 2025 | $90.80 | $84.00 | -7.49% |
Aug 05, 2025 | $134.12 | $109.68 | -18.22% |
May 05, 2025 | $103.33 | $114.69 | +10.99% |
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 May 11, 2026, After Close (Confirmed).
What is Limbach Holdings (LMB) earnings time?
Limbach Holdings (LMB) earnings time is at May 11, 2026, 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 2026 (Q1) is 0.96.