Limbach reports record FY2025 results: revenue $646.8M, EPS $3.23; guides FY2026 revenue $730M-$760M

Limbach Holdings, Inc.

FY2025 total revenue $646.8M (+24.7% YoY); net income $39.1M (+26.5%); adjusted EBITDA $81.8M (+28.4%).
Q4 revenue $186.9M (+30.1%); net income $12.3M ($1.02 diluted EPS); adjusted diluted EPS $1.40.
ODR revenue grew 40.6% to $485.7M, now 75.1% of total; organic ODR growth 17.0%.
FY2026 guidance: revenue $730M-$760M, adjusted EBITDA $90M-$94M; ODR 75-80% of revenue.
Board authorized $50M share repurchase program.

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