earnings
confidence high
sentiment positive
materiality 0.70
Limbach Q2 net income up 18.3% to $0.9M; ODR revenue surges 48.7%
Limbach Holdings, Inc.
2022-Q2 EPS reported
-$0.06
revenue$230,942,000
- Revenue $116.1M (-4.0% YoY); gross margin improved to 18.4% from 15.4%.
- ODR segment revenue $49.8M (+48.7% YoY), now 42.9% of total revenue.
- Net income $0.9M ($0.08 EPS) vs $0.7M ($0.07); Adjusted EBITDA $6.6M (+85.1%).
- Operating cash flow $15.6M vs -$7.2M; term loan principal payments $7.3M.
- Guidance reaffirmed: FY22 revenue $510M-$540M, Adj. EBITDA $25M-$29M.