Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €68.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Construction industry in Europe. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €127 per share. Announcement • May 21
Limbach Holdings, Inc. Appoints Michael Reed to the Newly Created Position of Executive Vice President, Chief Operating Officer, Effective May 18, 2026 Limbach Holdings, Inc. announced the appointment of Michael Reed to the newly created position of Executive Vice President, Chief Operating Officer, effective May 18, 2026. Reed joined Limbach in 2019 as a Vice President, Branch Manager and later assumed the role of Vice President of Operational Risk Management, where he helped strengthen operational processes and risk management initiatives across the organization. In 2024, Reed was promoted to Senior Vice President, Integrations Leader, overseeing the successful integration of acquisitions, including Consolidated Mechanical and Pioneer Power, in support of Limbach’s acquisition and expansion strategy. In May 2025, Reed was promoted to Senior Vice President, Midwest Regional Manager, where he oversaw performance and strategic growth initiatives across the Midwest region. As Chief Operating Officer, Reed will play a critical role in scaling the business - both organically and through strategic acquisitions - while driving operational excellence and initiatives to improve performance, enhance profitability and strengthen capabilities across the Company. As a key leader in culture, Reed will be responsible for driving a culture of high performance, value creation, employee engagement and continuous improvement. Announcement • May 08
Limbach Holdings, Inc. Reaffirms Earnings Guidance for the Year 2026 Limbach Holdings, Inc. reaffirmed earnings guidance for the year 2026. For the year, the company expected revenue to be in range of $730 million to $760 million. Announcement • Apr 24
Limbach Holdings, Inc., Annual General Meeting, Jun 09, 2026 Limbach Holdings, Inc., Annual General Meeting, Jun 09, 2026. Announcement • Apr 15
Limbach Holdings, Inc. to Report Q1, 2026 Results on May 05, 2026 Limbach Holdings, Inc. announced that they will report Q1, 2026 results After-Market on May 05, 2026 Announcement • Feb 10
Limbach Holdings, Inc. to Report Q4, 2025 Results on Mar 02, 2026 Limbach Holdings, Inc. announced that they will report Q4, 2025 results After-Market on Mar 02, 2026 Announcement • Jan 14
Limbach Holdings, Inc. Appoints Management Team, Effective January 13, 2026 Limbach Holdings, Inc. appointed Nick Angerosa as Executive Vice President, National Customer Solutions, and Jay Sharp as Executive Vice President, Sales, effective January 13, 2026. Angerosa has been with the Company for more than 13 years, most recently as the President of the Southeast Region. He brings deep insight into the operational and technical complexities of the building systems industry and has played a key role in driving growth across the organization. Sharp brings 36 years of experience at Limbach, leading multiple regions through multiple market cycles, most recently as the President of the Midwest and Northeast Regions. Throughout his tenure, he has played a key role in shaping Limbach’s customer-first sales approach, strengthening owner-direct relationships, and supporting disciplined, profitable growth. His role is intended to ensure that incremental sales investment is tied to measurable outcomes, including higher conversion rates, improved customer mix, and more predictable revenue streams. Announcement • Jan 05
Limbach Holdings, Inc. Appoints Terry Dugan as Independent Director and Compensation Committee Member, Effective January 1, 2026 Limbach Holdings, Inc. announced the appointment of Terry Dugan to the Company’s Board of Directors, effective January 1, 2026. Terry Dugan will serve as a director and on the Board’s Compensation Committee. Terry Dugan brings more than four decades of operating, strategic, and transaction experience in the HVAC and building systems solutions industry, directly aligned with the Company’s current focus on profitable growth, cash flow generation, and long-term shareholder value creation. Throughout his career, he has served a broad national customer base including mission critical building owners, MEP contractors, and construction engineers, providing him with a deep understanding of the end-markets that drive sustainable demand and recurring revenue. Terry Dugan held senior leadership roles at Trane Technologies plc and its predecessor, Ingersoll Rand, where he led commercial and strategic initiatives serving owner direct customers across North America. Most recently, he served as Vice President and North America Commercial Business Leader, as well as Vice President of Business Development for M&A. In these roles, he was directly responsible for driving organic growth, evaluating and executing strategic acquisitions, and strengthening Trane’s competitive positioning, contributing to sustained revenue expansion and margin improvement. From 2018 to 2024, Terry Dugan served on the Joint Venture board of Mitsubishi Electric Trane HVAC U.S. as Ingersoll Rand’s and Trane Technologies’ Lead Director, and was a member of its compensation committee, where he helped align executive incentives with performance and profitability. On January 5, 2026, Terry Dugan advises small and mid-sized HVAC businesses on growth strategy, operational execution, and value creation, and consults with private equity firms and investment banking advisors focused on HVAC manufacturing, mechanical systems, and building services. Terry Dugan holds a bachelor’s degree in mechanical engineering from Vanderbilt University and an MBA from the Ross School of Business at the University of Michigan. Announcement • Dec 16
Limbach Holdings, Inc. (NasdaqCM:LMB) announces an Equity Buyback for $50 million worth of its shares. Limbach Holdings, Inc. (NasdaqCM:LMB) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. The company intends to fund the program from existing cash, cash flow, borrowings under existing credit facilities or other means available. The program will expire on December 15, 2027. Announcement • Nov 05
Limbach Holdings, Inc. Reaffirms Earnings Guidance for the Year 2025 Limbach Holdings, Inc. reaffirmed earnings guidance for the year 2025. For the year, the company expected revenue to be $650 million - $680 million similar as previous guidance of $650 million - $680 million. Announcement • Oct 15
Limbach Holdings, Inc. to Report Q3, 2025 Results on Nov 04, 2025 Limbach Holdings, Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Announcement • Aug 06
Limbach Holdings, Inc. Revises Earnings Guidance for the Year 2025 Limbach Holdings, Inc. revised earnings guidance for the year 2025. For the year, the company expects revenue to be $650 million - $680 million against previous guidance of $610 million - $630 million. Announcement • Jul 23
Limbach Holdings, Inc. to Report Q2, 2025 Results on Aug 05, 2025 Limbach Holdings, Inc. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • Jul 02
Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Pioneer Power, Inc. for $66.1 million. Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Pioneer Power, Inc. for $66.1 million on July 1, 2025. The purchase price is subject to customary working capital adjustments. A cash consideration of $66.1 million will be paid by Limbach Holdings, Inc. As part of the transaction, Pioneer Power's team would join Limbach family. The transaction is financed through a combination of available cash and borrowings under the Limbach's recently expanded revolving credit facility.
Limbach Holdings, Inc. (NasdaqCM:LMB) completed the acquisition of Pioneer Power, Inc. on July 1, 2025. Announcement • May 06
Limbach Holdings, Inc. Affirms Earnings Guidance for the Year 2025 Limbach Holdings, Inc. affirmed earnings guidance for the full year 2025. For the year, the company expected revenues to be between $610 million to $630 million. Announcement • Apr 24
Limbach Holdings, Inc., Annual General Meeting, Jun 11, 2025 Limbach Holdings, Inc., Annual General Meeting, Jun 11, 2025. Announcement • Apr 22
Limbach Holdings, Inc. to Report Q1, 2025 Results on May 05, 2025 Limbach Holdings, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Announcement • Mar 11
Limbach Holdings, Inc. Provides Earnings Guidance for the Full Year 2025 Limbach Holdings, Inc. provided earnings guidance for the full year 2025. For the year, the company expects revenues to be between $610 million to $630 million. Announcement • Feb 25
Limbach Holdings, Inc. to Report Q4, 2024 Results on Mar 10, 2025 Limbach Holdings, Inc. announced that they will report Q4, 2024 results After-Market on Mar 10, 2025 Announcement • Dec 03
Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Consolidated Mechanical, Inc. for $23 million. Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Consolidated Mechanical, Inc. for $23 million on December 2, 2024. As part of transaction, Consolidated Mechanical, Inc. is expected to contribute annualized revenue of approximately $23 million beginning in 2025, and EBITDA of $4 million per annum.
Limbach Holdings, Inc. (NasdaqCM:LMB) completed the acquisition of Consolidated Mechanical, Inc. on December 2, 2024. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to €89.40, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 210% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €142 per share. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.66 (vs US$0.66 in 3Q 2023) Third quarter 2024 results: EPS: US$0.66 (up from US$0.66 in 3Q 2023). Revenue: US$133.9m (up 4.8% from 3Q 2023). Net income: US$7.48m (up 4.1% from 3Q 2023). Profit margin: 5.6% (in line with 3Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Announcement • Nov 06
Limbach Holdings, Inc. Updates Earnings Guidance for the Full Year 2024 Limbach Holdings, Inc. updated earnings guidance for the full year 2024. For the year, the company expects total revenue in the range of $520 million to $540million compared to previous guidance of $515 million to $535 million. Announcement • Oct 23
Limbach Holdings, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Limbach Holdings, Inc. announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €63.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 113% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €112 per share. Announcement • Sep 03
Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Kent Island Mechanical, Inc. for $15 million. Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Kent Island Mechanical, Inc. for $20 million on September 3, 2024. The purchase price consist of $15 million to be paid in cash. The transaction also provides for an earnout of up to $5 million.
Limbach Holdings, Inc. (NasdaqCM:LMB) completed the acquisition of Kent Island Mechanical, Inc. on September 3, 2024. Announcement • Aug 07
Limbach Holdings, Inc. Updates Earnings Guidance for the Full Year 2024 Limbach Holdings, Inc. updated earnings guidance for the full year 2024. For the year, the company expects total revenue in the range of $515 million to $535 million compared to previous guidance of $510 million-$530 million. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €49.12, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 101% over the past year. New Risk • Aug 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Significant insider selling over the past 3 months (€561k sold). Announcement • Jul 25
Limbach Holdings, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Limbach Holdings, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Announcement • Jun 15
Limbach Holdings Announces Board Changes Limbach Holdings, Inc. announced the election of David Gaboury to its Board of Directors. With the addition of Mr. Gaboury, Limbach’s Board comprises seven directors, six of whom are independent. With more than 40 years of experience in the engineering industry, Mr. Gaboury is a respected leader in the field and has contributed his deep industry expertise to the companies and boards he has served throughout his extensive career. Mr. Gaboury formerly served as the Board Chair, CEO and President of Terracon. During his CEO tenure, annual revenue increased from $75 million to $750 million, and the firm ranked 24th on Engineering News’ Record List of Top 500 Design Firms. He is now Chair Emeritus at Terracon. Prior to joining Terracon, Mr. Gaboury was with Woodward-Clyde Consultants for 15 years, serving as COO and President of Woodward Clyde Consultants for the last five years with the firm. Woodward Clyde Consultants was acquired by URS Corporation in 1997. Mr. Gaboury has served in leadership roles on the boards of multiple professional, not-for-profit and civic organizations. He currently serves on the boards of Smith Seckman Reid as lead director, RS&H as Board Chair and Weston Solutions, Inc. In addition, he serves on the board of Hall’s Culligan, a private company. He was Chair of the Board of Trustees for Olathe Medical Center, Inc. and a Trustee Chair of Olathe Medical Services, Inc.Mr. Gaboury was a member of the Board of Directors of the Construction Industry Round Table and the ACE Mentor Program. He has a B.S. degree in Civil Engineering from the University of Massachusetts Amherst, and an M.S. degree in Civil Engineering from the Massachusetts Institute of Technology. Mr. Gaboury replaces Norbert W. Young who has retired from the board after nearly eight years of service. Joshua S. Horowitz, a member of the Limbach Board sinceMarch 2020, has been appointed Chairman of the Board, effective June 13, 2024. Mr. Horowitz succeeds Gordon G. Pratt, who has served as Chairman since the Company’s public markets debut in July 2016. Mr. Pratt will remain on the Board and has been named Chairman Emeritus. In addition, Linda G. Alvarado will now lead the Nominating & Governance Committee, and Michael F. McNally will now lead the Compensation Committee. These changes in board composition and leadership were designed to leverage the broad expertise and experience of each Board member. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €53.15, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 177% over the past year. Recent Insider Transactions • May 16
Independent Director recently sold €371k worth of stock On the 13th of May, Michael McNally sold around 8k shares on-market at roughly €46.48 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €423k more than they bought in the last 12 months. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.68 (vs US$0.29 in 1Q 2023) First quarter 2024 results: EPS: US$0.68 (up from US$0.29 in 1Q 2023). Revenue: US$119.0m (down 1.7% from 1Q 2023). Net income: US$7.59m (up 154% from 1Q 2023). Profit margin: 6.4% (up from 2.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Announcement • May 09
Limbach Holdings, Inc. Updates Earnings Guidance for the Full Year 2024 Limbach Holdings, Inc. updated earnings guidance for the full year 2024. For the period, the company expects total revenue in the range of $510 million to $530 million. Announcement • Apr 27
Limbach Holdings, Inc. to Report Q1, 2024 Results on May 08, 2024 Limbach Holdings, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 08, 2024 Announcement • Apr 25
Limbach Holdings, Inc., Annual General Meeting, Jun 13, 2024 Limbach Holdings, Inc., Annual General Meeting, Jun 13, 2024, at 14:30 US Eastern Standard Time. Agenda: To elect Michael M. McCann, Michael F. McNally and David R. Gaboury as Class B members of Board of Directors, each to serve for a three-year term; to hold a non-binding advisory vote on the compensation of named executive officers; to ratify the appointment of Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024 and to transact any other business that properly comes before the Annual Meeting and any adjournment or postponement thereof. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €37.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 147% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €68.49 per share. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: US$1.93 (vs US$0.65 in FY 2022) Full year 2023 results: EPS: US$1.93 (up from US$0.65 in FY 2022). Revenue: US$516.4m (up 3.9% from FY 2022). Net income: US$20.8m (up 205% from FY 2022). Profit margin: 4.0% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Construction industry in Europe. Announcement • Mar 14
Limbach Holdings, Inc. Provides Revenue Guidance for the Full Year 2024 Limbach Holdings, Inc. provided revenue guidance for the full year 2024. For the period, the company expects revenue to be $510 million to $530 million. Announcement • Mar 01
Limbach Holdings, Inc. to Report Q4, 2023 Results on Mar 13, 2024 Limbach Holdings, Inc. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €43.80, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 237% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €71.86 per share. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €36.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 264% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €66.43 per share. Announcement • Nov 10
Limbach Holdings, Inc. Revises Earnings Guidance for the Fiscal Year 2023 Limbach Holdings, Inc. revised earnings guidance for the fiscal year 2023. For the year, the company expects revenue to be in the range of $490 million to $520 million against previous guidance range of $490 million to $520 million. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.35 in 3Q 2022) Third quarter 2023 results: EPS: US$0.66 (up from US$0.35 in 3Q 2022). Revenue: US$127.8m (up 4.4% from 3Q 2022). Net income: US$7.19m (up 98% from 3Q 2022). Profit margin: 5.6% (up from 3.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Construction industry in Germany. Announcement • Nov 03
Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Industrial Air, Inc. for $20 million. Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Industrial Air, Inc. for $20 million on November 1, 2023. Total consideration paid by Limbach at closing was $13.5 million (subject to typical working capital adjustments), sourced from available cash, with performance-based, contingent earn-outs totaling $6.5 million potentially being paid over the next two years.
Limbach Holdings, Inc. (NasdaqCM:LMB) completed the acquisition of Industrial Air, Inc. on November 1, 2023. Announcement • Oct 26
Limbach Holdings, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Limbach Holdings, Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Recent Insider Transactions • Aug 25
President recently bought €93k worth of stock On the 21st of August, Michael McCann bought around 3k shares on-market at roughly €32.58 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €30.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 340% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €53.11 per share. New Risk • Aug 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Announcement • Aug 10
Limbach Holdings, Inc. Provides Update to Earnings Guidance for Fiscal Year 2023 Limbach Holdings, Inc. provided update to Earnings Guidance for fiscal year 2023. For the year, company expected revenue to be in range of $490 million to $520 million. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.50 (vs US$0.083 in 2Q 2022) Second quarter 2023 results: EPS: US$0.50 (up from US$0.083 in 2Q 2022). Revenue: US$124.9m (up 7.5% from 2Q 2022). Net income: US$5.32m (up US$4.45m from 2Q 2022). Profit margin: 4.3% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in Germany. Announcement • Jul 28
Limbach Holdings, Inc. to Report Q2, 2023 Results on Aug 09, 2023 Limbach Holdings, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 09, 2023 Announcement • Jul 21
Limbach Holdings Inc. Announces Senior Leadership Promotions Limbach Holdings, Inc. announced the appointment and promotion of two key senior leaders into new or expanded roles to help drive the Company’s Owner-Direct Business and operational efficiency. Scott Wright has been promoted to Executive Vice President - Legal & Risk Management. Since joining Limbach in 2006, and serving as general counsel since 2012, Scott has consistently demonstrated his indispensable value in helping achieve strategic objectives, whether that be through leading internal Legal and Risk Management Team or providing his unique business and legal perspective. As a public company, Scott serves as guardian, guiding, implementing, and managing the right regulatory and policy matters. Scott’s extensive experience and longstanding commitment to Limbach provides with a unique and insightful perspective, contributing invaluable input and guidance that has significantly influenced current positioning within the industry. Dominick Traina has been promoted to Executive President of Shared Services. Dominick originally joined the Limbach family as Harper Limbach’s Vice President of Finance in 2015. After excelling in this role, he was promoted to become Limbach's Senior Vice President of Operational Finance in 2020, where he led the development of Shared Services team. Throughout his eight-year tenure, Dominick has consistently demonstrated operational excellence and exceptional leadership qualities. In his new role, Dominick will lead Shared Services team, Limbach Collaborative Services, Branch Finance, Financial Planning & Analysis (FP&A), and Continuous Improvement efforts across the company. Announcement • Jul 06
Limbach Holdings, Inc. (NasdaqCM:LMB) acquired ACME Industrial Piping, Inc. from Jim Bailey for $7.5 million. Limbach Holdings, Inc. (NasdaqCM:LMB) acquired ACME Industrial Piping, Inc. from Jim Bailey for $7.5 million on July 5, 2023. Total consideration paid by Limbach at closing was $5 million (subject to typical working capital adjustments), sourced from available cash, with performance-based, contingent earn-outs totaling $2.5 million potentially being paid out as part of the transaction over the next two years.
Limbach Holdings, Inc. (NasdaqCM:LMB) completed the acquisition of ACME Industrial Piping, Inc. from Jim Bailey for $7.5 million on July 5, 2023. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €18.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Construction industry in Europe. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: US$0.29 (vs US$0.14 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.29 (up from US$0.14 loss in 1Q 2022). Revenue: US$121.0m (up 5.4% from 1Q 2022). Net income: US$2.99m (up US$4.51m from 1Q 2022). Profit margin: 2.5% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Announcement • May 09
Limbach Holdings, Inc. Affirms Revenue Guidance for Fiscal Year 2023 Limbach Holdings, Inc. affirmed revenue guidance for Fiscal Year 2023. For the period, the company expects revenue between $490 million and $520 million. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €15.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Construction industry in Europe. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: US$0.65 (vs US$0.67 in FY 2021) Full year 2022 results: EPS: US$0.65. Revenue: US$496.8m (up 1.3% from FY 2021). Net income: US$6.80m (up 1.3% from FY 2021). Profit margin: 1.4% (in line with FY 2021). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Construction industry in Europe. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €12.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Construction industry in Europe. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to €10.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Construction industry in Europe. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.39 in 3Q 2021) Third quarter 2022 results: EPS: US$0.35 (down from US$0.39 in 3Q 2021). Revenue: US$122.4m (down 5.3% from 3Q 2021). Net income: US$3.64m (down 8.7% from 3Q 2021). Profit margin: 3.0% (down from 3.1% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Construction industry in Europe. Announcement • Nov 10
Limbach Holdings, Inc. Revises Earnings Guidance for the Fiscal Year 2022 Limbach Holdings, Inc. revised earnings guidance for the fiscal year 2022. For the period, the company expects revenue to be in the range of $510 million - $530 million against the previous guidance range of $510 million - $540 million. Announcement • Oct 28
Limbach Holdings, Inc. to Report Q3, 2022 Results on Nov 09, 2022 Limbach Holdings, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022 Announcement • Oct 01
Limbach Holdings, Inc. (NasdaqCM:LMB) announces an Equity Buyback for $2 million worth of its shares. Limbach Holdings, Inc. (NasdaqCM:LMB) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its shares. The program will expire on September 29, 2023. 