Limbach Holdings, Inc. Reports Q3 Profit Growth, Falls Short of Expectations
Earnings Performance: Limbach Holdings, Inc. reported third-quarter earnings of $8.79 million ($0.73 per share), an increase from $7.48 million ($0.62 per share) last year, but fell short of analysts' expectations of $1.28 per share.
Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $12.74 million or $1.05 per share for the quarter.
Revenue Growth: The company's revenue rose by 37.8% to $184.58 million, compared to $133.92 million in the same period last year.
Future Guidance: Limbach Holdings provided full-year revenue guidance of $650 million to $680 million.
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Limbach Holdings Inc (LMB) Rating Upgraded to 74% Based on Peter Lynch Model
- Rating Upgrade: Limbach Holdings Inc (LMB) has seen its rating increase from 72% to 74% according to Peter Lynch's investment strategy, reflecting improvements in the company's fundamentals and stock valuation, indicating a rising market interest in its future growth potential.
- Industry Positioning: As a small-cap growth stock in the construction services sector, Limbach focuses on partnering with owners and facility managers to provide critical mechanical, electrical, and plumbing infrastructure solutions, enhancing its competitiveness across six vertical markets including healthcare and industrial manufacturing.
- Financial Health: Supported by a strong balance sheet, the company demonstrates a reasonable price relative to earnings growth, aligning with Peter Lynch's criteria for investment targets, which may attract increased investor attention.
- Market Outlook: With the growing demand for efficient services in the construction industry, Limbach's provision of mechanical, electrical, and plumbing services in new construction and renovation projects is expected to further drive business growth and increase market share.

Limbach Greenlights $50 Million Share Repurchase Initiative Through 2027
Share Repurchase Program Announcement: Limbach Holdings, Inc. has approved a share repurchase program allowing for the purchase of up to $50 million of its common stock until December 15, 2027.
Management's Confidence: CEO Mike McCann stated that the repurchase authorization demonstrates confidence in the company's growth strategy, strong cash flow, and a balanced approach to capital allocation, aiming to enhance long-term stockholder value.






