secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021718
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limbach reports Q1 net income up 153.5%; raises FY2024 Adjusted EBITDA guidance
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- ODR revenue up 26.5% to $74.3M, 62.4% of total; consolidated revenue down 1.7% to $119.0M (intentional shift).
- Net income $7.6M ($0.64 diluted EPS) vs $3.0M ($0.27) YoY; Adjusted EBITDA $11.8M, up 35.4%.
- FY2024 Adjusted EBITDA guidance raised to $51-55M (from $49-53M); revenue guidance unchanged $510-530M.
- Record consolidated gross margin 26.1%; ODR gross profit 71.3% of total; ODR % of revenue goal raised to 65-70%.
- Cash $48.2M, current ratio 1.60x; net cash used in ops ($3.9M) vs provided $9.4M prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000162828024021718/0001628280-24-021718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000162828024021718/lmb-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021718

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