earnings
confidence high
sentiment negative
materiality 0.70
Limbach Q2 rev $121M (-10.5% YoY), EPS $0.07; guidance tightened to $480-510M rev, $23-25M Adj EBITDA
Limbach Holdings, Inc.
2021-Q2 EPS reported
-$0.16
revenue$234,363,000
- Consolidated revenue $121.0M, down 10.5% YoY; diluted EPS $0.07 vs $0.37 YoY.
- Gross margin improved to 15.4% from 15.0% YoY; ODR revenue up 14.4% to $33.5M.
- Adjusted EBITDA fell to $3.6M from $8.1M due to higher SG&A and lower GCR gross profit.
- FY2021 guidance: revenue $480-510M (from $480-520M), Adj EBITDA $23-25M (from $23-27M).
- Backlog $439.5M; no revolver borrowings, term loan $28.0M at quarter end.