Limbach Holdings Reports Record 2024 Financial Results

Limbach Holdings ( (LMB) ) has released its Q4 earnings. Here is a breakdown of the information Limbach Holdings presented to its investors.

Limbach Holdings, Inc. is a building systems solutions firm specializing in mechanical, electrical, and plumbing infrastructure, serving key sectors such as healthcare, industrial, and data centers across the eastern United States. The company recently announced its financial results for the fourth quarter and full year 2024, highlighting record net income and adjusted EBITDA. Limbach achieved a record net income of $30.9 million for the year, a significant increase from the previous year, alongside a record adjusted EBITDA of $63.7 million, marking a 36.1% rise. The company’s strategic focus on Owner Direct Relationships (ODR) resulted in a 31.9% increase in ODR revenue, which now constitutes a substantial portion of total revenue. Additionally, Limbach completed two strategic acquisitions, further bolstering its market position. Looking ahead, Limbach’s management remains optimistic, projecting revenue between $610 million and $630 million for 2025, with adjusted EBITDA expected to range from $78 million to $82 million. The company aims to continue its growth trajectory by expanding its ODR segment and pursuing strategic acquisitions.