Highest-materiality recent filing
Limbach Q1 2026: net income down 57% to $4.4M; reaffirms FY guidance
Net income $4.4M ($0.36 diluted EPS) vs $10.2M ($0.85) YoY; adjusted net income $7.8M ($0.64) vs $13.5M ($1.12)
Limbach reports record FY2025 results: revenue $646.8M, EPS $3.23; guides FY2026 revenue $730M-$760M
FY2025 total revenue $646.8M (+24.7% YoY); net income $39.1M (+26.5%); adjusted EBITDA $81.8M (+28.4%).
Limbach authorizes $50M share repurchase program through Dec 2027
Board authorized up to $50M of common stock repurchases through December 15, 2027.
Limbach Q3: revenue $184.6M, adj EBITDA $21.8M; reaffirms FY outlook
Total revenue $184.6M (+37.8% YoY); net income $8.8M ($0.73 diluted EPS).
Limbach provides PPI acquisition details; sees $120M revenue and $10M EBITDA from PPI in FY2026
Purchase price of $66.1M funded with cash and ~$40M revolver draw.
Limbach Q2 revenue $142.2M (+16% YoY), raises FY2025 revenue and EBITDA guidance
Q2 revenue $142.2M (+16.4% YoY); net income $7.8M ($0.64 EPS) vs $6.0M prior year.
Limbach acquires Pioneer Power for $66.1M; upsizes credit facility to $100M
Acquired Pioneer Power for $66.1M initial purchase price using cash and revolving credit facility.
Limbach Q1 earnings: record net income $10.2M, ODR revenue grows 21.7% to 67.9% of total
Record quarterly net income of $10.2M ($0.85 diluted EPS), up 34.6% YoY.
Limbach reports record FY2024 net income $30.9M, adj. EBITDA $63.7M; guides 2025 EBITDA $78-82M
FY2024 net income $30.9M ($2.57 diluted EPS) vs $20.8M ($1.76) in FY2023; adjusted EBITDA $63.7M, up 36.1%.
Limbach acquires Consolidated Mechanical for $23M cash; adds industrial services footprint
Initial purchase price $23M cash; earnout up to $2M over two years.
Limbach Q3 net income $7.5M, record Adj EBITDA $17.3M, raises 2024 guidance
Q3 net income $7.5M ($0.62 diluted EPS); Adjusted EBITDA $17.3M (+27.2% YoY, record).
Limbach acquires Kent Island Mechanical for $15M cash plus up to $5M earnout
Initial purchase price of $15M in cash; earnout of up to $5M payable over two years.
Limbach Q2 net income rises to $6.0M; record adjusted EBITDA $13.8M; raises FY guidance
Q2 net income $6.0M ($0.50 diluted EPS) vs $5.3M ($0.46) YoY; record adjusted EBITDA $13.8M, up 16%.
Limbach reports Q1 net income up 153.5%; raises FY2024 Adjusted EBITDA guidance
ODR revenue up 26.5% to $74.3M, 62.4% of total; consolidated revenue down 1.7% to $119.0M (intentional shift).
Limbach Q4 net income $5.2M, FY EPS $1.76; ODR revenue up 21% YoY; guides FY 2024 EBITDA $49-53M
FY 2023 net income $20.8M ($1.76 diluted EPS) vs $6.8M ($0.64); Adj. EBITDA $46.8M vs $31.8M, up 47%.
Limbach Q3 revenue $127.8M (+4.4%), net income doubles to $7.2M; raises FY EBITDA guidance
Net income $7.2M ($0.61 diluted EPS) vs $3.6M ($0.34) YoY; Adjusted EBITDA $13.6M (+33.6%).
Limbach buys Industrial Air for $13.5M cash plus up to $6.5M earnout
Acquired Industrial Air, a Greensboro NC specialty mechanical contractor, for $13.5M cash at close.
Limbach Q2 net income $5.3M ($0.46/diluted); raises FY23 Adj. EBITDA guidance to $38-41M
Revenue $124.9M (+7.5% YoY); gross margin 22.8% vs 18.4%.
Limbach closes $5M cash acquisition of ACME Industrial Piping; earnout up to $2.5M
Acquisition closed July 5, 2023; total consideration $5M in cash at closing plus up to $2.5M earnout.
Limbach Q1 2023 net income $3.0M vs loss; ODR revenue up 36.9%
Net income of $3.0M ($0.27 diluted EPS) vs net loss of $1.5M ($0.15 loss per share) in prior year.
Limbach FY 2022 revenue $496.8M, Adj. EBITDA $31.8M +36.5%, guides FY 2023 $33M-$37M
FY 2022: Revenue $496.8M (+1.3%), Net income $6.8M ($0.64 EPS), Adj. EBITDA $31.8M (+36.5%).
CEO Charlie Bacon to step down; COO Michael McCann appointed CEO effective March 29, 2023
Charlie Bacon steps down as CEO on March 28, 2023; will serve as special advisor through April 30 and retire from Board at 2023 annual meeting.
Limbach Q3 2022: Record gross margin 20.3%, Adj EBITDA up 25.7%, guidance raised
Revenue $122.4M (-5.3% YoY); ODR revenue up 52.2% to $59.7M (48.8% of total).
Limbach Q2 net income up 18.3% to $0.9M; ODR revenue surges 48.7%
Revenue $116.1M (-4.0% YoY); gross margin improved to 18.4% from 15.4%.
Limbach Holdings Q1 net loss narrows to $1.5M; Adj EBITDA rises 65.5%; issues FY22 guidance
Q1 revenue $114.8M (+1.3% YoY); gross margin expanded to 16.0% from 15.2%.
Limbach FY 2021 net income $6.7M ($0.66 EPS); gross margin 17.5% (+320 bps); ODR revenue +10.3%
FY revenue $490.4M (-13.7% YoY), net income $6.7M (+15.5% vs $5.8M), diluted EPS $0.66.
Limbach acquires Jake Marshall for $20M cash; expects immediate accretion
Enterprise value of $20M all-cash; funded with $10M cash on hand and $10M term borrowings under A&R credit facility.
Revenue $129.2M, down 21% YoY but up 7% QoQ; gross margin 18.9% (+410 bps); net income $4.0M.
Consolidated revenue $121.0M, down 10.5% YoY; diluted EPS $0.07 vs $0.37 YoY.
On May 18, 2026, Limbach Holdings, Inc. (the “Company”) announced that it has appointed Michael J. Reed to serve as the Company’s Executive Vice President and Chief Operating Officer, effective as of May 18, 2026
Jay Sharp, the Company’s current Executive Vice President, Regional Manager, will be appointed President of the following Limbach entities: Limbach Company LLC, Limbach Company LP, Jake Marshall LLC and Limbach Facility & Project Solutions LLC.
Charles (Charlie) A. Bacon, III would step down as President and Chief Executive Officer on March 28, 2023
Mr. Bacon also announced his intention to retire from the Board at the Company’s 2023 annual meeting of stockholders.
Michael M. McCann, the Company’s current Executive Vice President and Chief Operating Officer, will be appointed President and Chief Executive Officer.
On August 26, 2021, Larry G. Swets Jr., a member of the Board of Directors (the “Board”) of Limbach Holdings, Inc. (the “Company”), resigned as a director of the Company and all Board committees on which he serves, effective immediately as contemplated by the Company’s previous announcement on May 14, 2021.
Upon the recommendation of the Nominating and Corporate Governance Committee, on August 26, 2021, the Board also appointed Linda G. Alvarado, age 70, as a new director and member of the Company’s Finance and Capital Markets Committee and Nominating and Corporate Governance Committee, effective immediately to fill the vacancy created by Mr. Swets’ resignation.
Max materiality 0.85 · Median 0.70 · Most common event earnings