---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-016438"
form_type: "8-K"
ticker: "LMB"
cik: "0001606163"
company_name: "Limbach Holdings, Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T13:24:48.854587+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-016438
- form_type: 8-K
- ticker: LMB
- cik: 0001606163
- company_name: Limbach Holdings, Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606163/000162828023016438/0001628280-23-016438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606163/000162828023016438/lmb-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-016438
- JSON: https://secwatch.observer/filing/0001628280-23-016438.json
- Plain text: https://secwatch.observer/filing/0001628280-23-016438.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606163/000162828023016438/0001628280-23-016438-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.