Limbach Holdings, Inc. Announces Third Quarter 2024 Results
Limbach Holdings, Inc. (LMB)
Last limbach holdings, inc. earnings: 11/14 05:03 pm
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ir.limbachinc.com
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Source: Business Wire
Raising 2024 Adjusted EBITDA Guidance after Delivering Q3 Net Income of $7.5 million and Record Quarterly Adjusted EBITDA of $17.3 million WARRENDALE, Pa.--(BUSINESS WIRE)--Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended September 30, 2024.2024 Third Quarter Financial Overview Compared to 2023 Third QuarterOwner Direct Relationships (“ODR”) revenue increased 41.3%, or $27.2 million, to $93.0 million accounting for 69.4% of total revenue.Total revenue was $133.9 million, an increase of 4.8% from $127.8 million.Total gross profit was $36.1 million, an increase of 15.6% from $31.2 million.ODR gross profit accounted for $29.6 million, or 82.1%, of total gross profit.Net income of $7.5 million, or $0.62 per diluted share, compared to net income of $7.2 million, or $0.61 per diluted share.Adjusted EBITDA of $17.3 million, up 27.2% from $13.6 million.Net cash provided by operating activities of $4.9 million comp
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News
- Are You Looking for a Top Momentum Pick? Why Limbach (LMB) is a Great Choice [Yahoo! Finance]Yahoo! Finance
- Limbach Holdings, Inc. (NASDAQ: LMB) is now covered by analysts at Stifel Nicolaus. They set a "buy" rating and a $108.00 price target on the stock.MarketBeat
- Limbach Holdings, Inc. (NASDAQ: LMB) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Limbach Holdings (NASDAQ:LMB) Is Posting Promising Earnings But The Good News Doesn't Stop There [Yahoo! Finance]Yahoo! Finance
- Earnings Estimates Rising for Limbach (LMB): Will It Gain? [Yahoo! Finance]Yahoo! Finance
LMB
Earnings
- 11/5/24 - Beat
LMB
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/5/24 - Form S-3ASR
- LMB's page on the SEC website