Limbach Q1 2023 net income $3.0M vs loss; ODR revenue up 36.9%

Limbach Holdings, Inc.

2023-Q1 EPS reported $0.27 revenue$121,009,000

Net income of $3.0M ($0.27 diluted EPS) vs net loss of $1.5M ($0.15 loss per share) in prior year.
Consolidated revenue $121.0M, up 5.4% YoY; ODR segment grew 36.9% to $58.7M, GCR down 13.4%.
Gross margin expanded to 21.7% from 16.0%; adjusted EBITDA $8.7M, up 154% from $3.4M.
Reaffirms FY2023 guidance: revenue $490-520M, adjusted EBITDA $33-37M.
Expanded revolving credit facility to $50.0M; maturity extended to Feb 2028; $10M drawn at May 8.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Limbach Holdings, Inc. reported quarter ended March 31, 2023 results: revenue $121.0 million, net income $3.0 million, EPS $0.27 per diluted share.

Period: quarter ended March 31, 2023
Revenue: $121.0 million
Net income: $3.0 million
EPS: $0.27 per diluted share
Result: reported results

Exact text from the filing

Consolidated revenue was $121.0 million, an increase of 5.4% from $114.8 million. • Gross profit was $26.2 million, an increase of 43.0% from $18.3 million. • Net income of $3.0 million, or $0.27 per diluted share, compared to a net loss of $1.5 million, or $(0.15) per diluted share.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Limbach Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-016438

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.