Limbach Q3 revenue $127.8M (+4.4%), net income doubles to $7.2M; raises FY EBITDA guidance

Limbach Holdings, Inc.

2023-Q3 EPS reported $1.33 revenue$373,659,000

Net income $7.2M ($0.61 diluted EPS) vs $3.6M ($0.34) YoY; Adjusted EBITDA $13.6M (+33.6%).
Revenue $127.8M (+4.4%); gross margin 24.5% vs 20.3%; ODR segment revenue up 10.3% to $65.8M.
Operating cash flow $17.2M vs $10.4M; cash $57.5M; current ratio 1.57x.
FY 2023 Adj. EBITDA guidance raised to $42-45M (from $38-41M); revenue unchanged $490-520M.
Post-quarter: acquired Industrial Air for $13.5M cash plus up to $6.5M earnout.

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 0.99

Limbach Holdings, Inc. reported the quarter ended September 30, 2023 results: revenue $127.8 million, net income $7.2 million, EPS $0.61 per diluted share. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $127.8 million
Net income: $7.2 million
EPS: $0.61 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

today announced its financial results for the quarter ended September 30, 2023. 2023 Third Quarter Financial Overview Compared to 2022 Third Quarter • Consolidated revenue was $127.8 million, an increase of 4.4% from $122.4 million. • Gross profit was $31.2 million, an increase of 25.7% from $24.9 million. • Net income of $7.2 million, or $0.61 per diluted share,

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Source: SEC EDGAR

accession 0001628280-23-037855

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