Limbach Q2 net income $5.3M ($0.46/diluted); raises FY23 Adj. EBITDA guidance to $38-41M

Limbach Holdings, Inc.

2023-Q2 EPS reported $0.73 revenue$245,891,000

Revenue $124.9M (+7.5% YoY); gross margin 22.8% vs 18.4%.
Net income $5.3M ($0.46 diluted EPS) vs $0.9M ($0.08) prior year.
Adjusted EBITDA $11.9M, up 81.1%; ODR segment revenue up 18.1%.
FY2023 Adj. EBITDA guidance raised to $38-41M from $33-37M.
Acquired ACME Industrial Piping for $5M cash plus up to $2.5M earnout (July 3).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Limbach Holdings, Inc. reported quarter ended June 30, 2023 results: revenue $124.9 million, net income $5.3 million, EPS $0.46 per diluted share. Guidance raised.

Period: quarter ended June 30, 2023
Revenue: $124.9 million
Net income: $5.3 million
EPS: $0.46 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

today announced its financial results for the quarter ended June 30, 2023. 2023 Second Quarter Financial Overview Compared to 2022 Second Quarter • Consolidated revenue was $124.9 million, an increase of 7.5% from $116.1 million. • Gross profit was $28.5 million, an increase of 33.7% from $21.3 million. • Net income of $5.3 million, or $0.46 per diluted share,

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Source: SEC EDGAR

accession 0001628280-23-028584

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