secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001628280-22-006398
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limbach FY 2021 net income $6.7M ($0.66 EPS); gross margin 17.5% (+320 bps); ODR revenue +10.3%
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- FY revenue $490.4M (-13.7% YoY), net income $6.7M (+15.5% vs $5.8M), diluted EPS $0.66.
- Gross margin 17.5% up 320 bps, driven by ODR mix and improved GCR margins; total gross profit $85.9M vs $81.4M.
- ODR segment revenue up 10.3% to $140.3M, 28.6% of total revenue; accounting for 47.1% of gross profit.
- Q4 net income $4.3M ($0.41 EPS) vs $0.4M ($0.05 EPS); adjusted EBITDA $9.5M, +112.5% YoY.
- Backlog $435.2M; ODR backlog up 92.5% to $98.0M; GCR backlog down 14.3% intentionally focused on higher margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000162828022006398/0001628280-22-006398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000162828022006398/lmb-20220316.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-006398

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer