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Limbach Holdings (LMB)
:LMB
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.79Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2018
|% Change Since: 23.54%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, particularly in the ODR segment, along with improved gross profit and successful acquisitions. However, there were challenges such as a decline in GCR revenue and increased SG&A expenses. Overall, the positive developments and improved financial forecasts suggest a favorable outlook.Company Guidance
During the third quarter 2024 earnings call for Limbach Holdings, management provided updated guidance reflecting the company's strong performance and strategic focus. Limbach now anticipates total revenue to range between $520 million and $540 million, up from the previous guidance of $515 million to $535 million. The adjusted EBITDA expectation has also increased to a range of $60 million to $63 million, compared to the earlier forecast of $55 million to $58 million. Gross margin is projected to be between 26% and 27%, an improvement from the prior estimate of 24% to 26%. The company's success is attributed to its strategic shift towards owner direct relationships (ODR), with 67% of year-to-date revenue and 77% of gross profit derived from ODR. Additionally, Limbach's focus on evolving offerings and scaling through acquisitions has contributed to EBITDA growth and margin expansion.Strong Revenue Growth
Total revenue for Q3 2024 was $133.9 million, representing a 4.8% increase from $127.8 million in Q3 2023.
ODR Revenue Surge
ODR revenue grew by 41.3% to $93 million, constituting 69.4% of total revenue, up from 51.5% in the previous year.
Increased Gross Profit and Margin
Total gross profit increased by 15.6% to $36.1 million, with a gross margin improvement to 27% from 24.5%.
Adjusted EBITDA Growth
Adjusted EBITDA for the third quarter was $17.3 million, a 27.2% increase from $13.6 million in Q3 2023.
Successful Acquisition Strategy
Acquisition of Kent Island Mechanical for approximately 5x the 2025 projected EBITDA, with a strong post-acquisition integration process.
Improved Financial Guidance
Revenue guidance increased to $520 million - $540 million from $515 million - $535 million, and adjusted EBITDA guidance increased to $60 million - $63 million from $55 million - $58 million.
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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
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LMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $77.79 | $93.79 | +20.57% |
| Aug 06, 2024 | $56.25 | $59.79 | +6.29% |
| May 08, 2024 | $48.38 | $47.67 | -1.47% |
| Mar 13, 2024 | $49.76 | $41.67 | -16.26% |
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.
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FAQ
When does Limbach Holdings (LMB) report earnings?
Limbach Holdings (LMB) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Limbach Holdings (LMB) earnings time?
Limbach Holdings (LMB) earnings time is at Mar 12, 2025, TBA Not 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 2024 (Q4) is 0.79.
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