secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001628280-23-016438
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000162828023016438/0001628280-23-016438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000162828023016438/lmb-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-016438

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