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Stock impact report

Limbach Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Results [Yahoo! Finance]

Limbach Holdings, Inc. (LMB) 
Last limbach holdings, inc. earnings: 11/14 05:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.limbachinc.com
Company Research Source: Yahoo! Finance
WARRENDALE, Pa., March 10, 2025 BUSINESS WIRE )--Limbach Holdings, Inc. (Nasdaq: LMB) ("Limbach" or the "Company") today announced its financial results for the quarter and year ended December 31, 2024. 2024 Highlights Compared to 2023 Record full-year net income of $30.9 million, or $2.57 per diluted share, compared to $20.8 million, or $1.76 per diluted share. Record adjusted net income of $43.2 million, or $3.60 per adjusted diluted earnings per share, compared to adjusted net income of $29.2 million, or $2.48 per adjusted diluted earnings per share. Record full-year adjusted EBITDA of $63.7 million, up 36.1% from $46.8 million. Owner Direct Relationships ("ODR") revenue increased 31.9%, or $83.5 million, to $345.5 million accounting for 66.6% of total revenue. Record full-year total gross profit of $144.3 million, an increase of 20.9% from $119.3 million. Completed two strategic acquisitions. 2024 Fourth Quarter Highlights Compared to 2023 Fourth Quarter Record Show less Read more
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