earnings
confidence high
sentiment negative
materiality 0.75
Limbach Q3 revenue $129.2M; EPS $0.38; reaffirms FY EBITDA $23-25M but expects low end on supply chain
Limbach Holdings, Inc.
2021-Q3 EPS reported
$0.24
revenue$363,540,000
- Revenue $129.2M, down 21% YoY but up 7% QoQ; gross margin 18.9% (+410 bps); net income $4.0M.
- Diluted EPS $0.38 vs $0.31; ODR segment revenue +17.6% to $39.2M, ODR gross profit +25.6%.
- Reaffirms FY 2021 revenue $480M-$510M, Adj. EBITDA $23M-$25M but expects low end due to supply chain disruptions.
- Adjusted EBITDA $8.1M vs $8.8M; cash $33.3M, no revolver borrowings; backlog $414.9M.