secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001606163-22-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limbach Holdings Q1 net loss narrows to $1.5M; Adj EBITDA rises 65.5%; issues FY22 guidance
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- Q1 revenue $114.8M (+1.3% YoY); gross margin expanded to 16.0% from 15.2%.
- Net loss $1.5M ($0.15 loss per share) vs $2.3M loss ($0.25) a year ago; adjusted EBITDA $3.4M (+65.5%).
- ODR segment revenue surged 50.3% to $42.9M; ODR contributed 54.4% of consolidated gross profit.
- Total backlog $447.6M at Mar 31, up $12.4M from Dec 31; FY22 revenue guidance $510M–$540M; Adj EBITDA $25M–$29M.
- Also entered first amendment to Wintrust credit agreement adjusting EBITDA, debt definitions for restructuring, lease costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000160616322000007/0001606163-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000160616322000007/lmb-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001606163-22-000007

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