earnings
confidence high
sentiment positive
materiality 0.75
Limbach Q3 net income $7.5M, record Adj EBITDA $17.3M, raises 2024 guidance
Limbach Holdings, Inc.
2024-Q3 EPS reported
$1.75
revenue$375,131,000
- Q3 net income $7.5M ($0.62 diluted EPS); Adjusted EBITDA $17.3M (+27.2% YoY, record).
- Revenue $133.9M (+4.8% YoY); ODR revenue $93.0M (+41.3%), now 69.4% of total.
- Gross margin 27.0% (vs 24.5% prior year) driven by higher-margin ODR mix shift.
- Raises FY2024 Adj EBITDA guidance to $60-63M (prev $55-58M); revenue $520-540M.
- Cash $51.2M; acquired Kent Island Mechanical; working capital $78.9M.