Limbach reports record FY2024 net income $30.9M, adj. EBITDA $63.7M; guides 2025 EBITDA $78-82M

Limbach Holdings, Inc.

FY2024 net income $30.9M ($2.57 diluted EPS) vs $20.8M ($1.76) in FY2023; adjusted EBITDA $63.7M, up 36.1%.
Q4 2024 net income $9.8M ($0.82 diluted EPS); adj. EBITDA $20.8M, up 65.5% YoY.
ODR revenue grew 31.9% to $345.5M, 66.6% of total revenue; total revenue flat at $518.8M.
Initial FY2025 guidance: revenue $610M-$630M, adjusted EBITDA $78M-$82M.
Completed two strategic acquisitions in 2024; cash $44.9M, $10M borrowings on revolver, current ratio 1.46x.

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