Articles from Limbach Holdings, Inc.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced that it has acquired Consolidated Mechanical, Inc. (“CMI”).

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced that President and Chief Executive Officer Michael McCann and Executive Vice President and Chief Financial Officer Jayme Brooks will host one-on-one meetings with investors at the UBS Global Industrials and Transportation Conference on December 3 and 4, 2024 in Manalapan, Florida.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended September 30, 2024.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a building systems solutions firm, today announced that the Company will release its third quarter 2024 financial results after the stock market closes on Tuesday, November 5, 2024. The Company will also host a conference call for analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (Nasdaq: LMB) ("Limbach" or the "Company"), a building systems solutions firm that partners with building owners and facilities managers who have mission critical mechanical, electrical and plumbing infrastructure, today announced that it has acquired Kent Island Mechanical, LLC (“KIM”) for an initial purchase price of $15 million. Based in Laurel, Maryland and serving the Greater Washington, D.C. metro region, KIM is a leading service provider to facility owners who require solutions for maintaining complex building systems.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended June 30, 2024.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a building systems solutions firm, today announced that the Company will release its second quarter 2024 financial results after the close of the stock market on Tuesday, August 6, 2024. The Company will also host a conference call for investors and analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), the building systems solutions firm, today 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.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), the building systems solutions firm, today announced that President and Chief Executive Officer Michael McCann will participate in the Stifel Cross Sector Insight Conference in Boston. McCann will host one-on-one meetings with investors June 4-5.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended March 31, 2024.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), a building systems solutions firm, today announced that the Company will release its first quarter 2024 financial results after the close of the stock market on Wednesday, May 8, 2024. The Company will also host a conference call for investors and analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the year ended December 31, 2023.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), the building systems solutions firm, today announced that President and Chief Executive Officer Michael McCann and Executive Vice President and Chief Financial Officer Jayme Brooks will participate in the 36th Annual Roth Conference in Dana Point, Calif. McCann and Brooks will host one-on-one and small group meetings with investors March 18-19.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), the building systems solutions firm, today announced that the Company will release its fourth quarter and full year 2023 financial results after the close of the stock market on Wednesday, March 13, 2024. The Company also will host a conference call for investors and analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”), the building systems solutions firm, today announced that it has engaged Financial Profiles, Inc. (“Financial Profiles”) for integrated communications, including investor relations, public relations and sustainability communications.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended September 30, 2023.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced the closing of the acquisition of Industrial Air, LLC (“IA”), a specialty mechanical contractor based in Greensboro, North Carolina, for an initial enterprise value of $13.5 million in an all-cash transaction.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced the Company will be releasing its third quarter 2023 financial results after the close of the stock market on Wednesday, November 8, 2023. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended June 30, 2023.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced the Company will be releasing its second quarter 2023 financial results after the close of the stock market on Wednesday, August 9, 2023. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (NASDAQLMB) ("Limbach" or the "Company") 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.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced the closing of the acquisition of Chattanooga, TN-based specialty industrial contractor ACME Industrial Piping, LLC (“ACME”) for an enterprise value of $5 million in an all-cash transaction.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended March 31, 2023.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced the Company will be releasing its first quarter 2023 financial results after the close of the stock market on Monday, May 8, 2023. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the year ended December 31, 2022. The Company reported consolidated revenue of $496.8 million, with the ODR segment revenue accounting for 43.6% of the consolidated total, up from 28.6% in the comparable period. Net income for the full year was $6.8 million, with diluted EPS of $0.64. Adjusted EBITDA was $31.8 million, up 36.5% from $23.3 million in fiscal year 2021.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced the Company will be releasing its fourth quarter 2022 financial results after the close of the stock market on Wednesday, March 8, 2023. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET.

Limbach Holdings, Inc. (NASDAQLMB) ("Limbach" or the "Company") announced the appointment and promotion of three key senior management professionals into new or expanded roles to help drive the Company’s Owner-Direct Business.

Limbach Holdings, Inc. (NASDAQLMB) ("Limbach" or the "Company") announced today the appointment of Michael M. McCann as Chief Executive Officer (“CEO”), effective March 29, 2023. Mr. McCann currently serves as Executive Vice President and Chief Operating Officer (“COO”) of Limbach, a role he has held since 2019. Mr. McCann will take over as CEO from Charlie Bacon, who has served as the Company’s CEO since 2004. Mr. Bacon will continue to serve as a member of Limbach's Board of Directors until the Company's 2023 annual meeting of stockholders, at which time he will retire from the Board of Directors.

Limbach Holdings, Inc. (Nasdaq: LMB) today announced its financial results for the quarter ended September 30, 2022. The Company reported consolidated revenue of $122.4 million, compared with $129.2 million during the third quarter of 2021. ODR segment revenue accounted for 48.8% of consolidated revenue in the third quarter of 2022, up from 30.4% in the comparable period, and increased 52.2% over the third quarter of 2021, while contributing approximately 61.2% of consolidated gross profit. GCR segment revenue of $62.7 million was down $27.3 million, or 30.3% as the Company continues to focus on its risk management strategy and improved gross profit. Consolidated gross margin improved to 20.3% from 18.9% for the third quarter of 2021, and gross profit increased to $24.9 million from $24.5 million. Net income was $3.6 million as compared to $4.0 million in the third quarter of 2021. Adjusted EBITDA was $10.2 million, up 25.7% from $8.1 million in the third quarter of 2021.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced the Company will be releasing its third quarter 2022 financial results after the close of the stock market on Wednesday, November 9, 2022. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET. Charlie Bacon, President and Chief Executive Officer, Jayme Brooks, Executive Vice President and Chief Financial Officer, Mike McCann, Executive Vice President and Chief Operating Officer and Matt Katz, Executive Vice President of Mergers, Acquisitions and Capital Markets will host the call.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced that its Board of Directors approved a share repurchase program with an authorization to purchase up to $2.0 million of shares of its Common Stock.

Limbach Holdings, Inc. (Nasdaq: LMB), an integrated building systems solutions firm whose expertise is in the design, modular prefabrication, installation, management and maintenance of heating, ventilation, air-conditioning (“HVAC”), mechanical, electrical, plumbing and controls systems, announced today that it will be participating in The Windy City Roundup, hosted by MicroCap Rodeo, on Thursday, October 13, at the Swissotel Chicago. Charlie Bacon, Chief Executive Officer, will be presenting during Track 1 at 11:00am CT and will be available for one-on-one meetings throughout the day.

Limbach Holdings, Inc. (Nasdaq: LMB), an integrated building systems solutions firm whose expertise is in the design, modular prefabrication, installation, management and maintenance of heating, ventilation, air-conditioning (“HVAC”), mechanical, electrical, plumbing and controls systems, announced today that it will be participating in Lake Street’s 6th Annual Best Ideas Growth Conference BIG6 on Wednesday, September 14, at the Yale Club in New York. Charlie Bacon, Chief Executive Officer, and Matt Katz, Executive Vice President, will be available for one-on-one meetings throughout the day.

Limbach Holdings, Inc. (Nasdaq: LMB) today announced its financial results for the quarter ended June 30, 2022. The company reported consolidated revenue of $116.1 million, which was a decrease of 4.0% compared to the second quarter of 2021. ODR segment revenue accounted for 42.9% of consolidated revenue in the second quarter of 2022, an increase of 48.7% over the second quarter of 2021, while contributing approximately 59.2% of consolidated gross profit. Consolidated gross margin improved to 18.4% from 15.4% for the second quarter of 2021 and drove a $2.6 million increase in gross profit year-over-year.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced the Company will be releasing its second quarter 2022 financial results after the close of the stock market on Tuesday, August 9, 2022. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET. Charlie Bacon, President and Chief Executive Officer, Jayme Brooks, Executive Vice President and Chief Financial Officer, Mike McCann, Executive Vice President and Chief Operating Officer and Matt Katz, Executive Vice President of Mergers, Acquisitions and Capital Markets will host the call.

Limbach Holdings, Inc. (NASDAQLMB) ("Limbach" or the "Company") announced today the appointment of Mr. Christos Ruci as Chief Information Officer. As a Company, our focus has been to increase value for our customers as part of our Owner-Direct business model. This strategic direction has required us to expand our partnerships and make decisions that invest in solutions designed to increase the effectiveness and efficiency of the business. Our technology, digital, and analytics solutions play a critical role in this effort.

Limbach Holdings, Inc. (Nasdaq: LMB) today announced its financial results for the quarter ended March 31, 2022. The company reported consolidated revenue of $114.8 million, which was an improvement of 1.3% compared to the first quarter of 2021. Gross margins improved to 16.0% from 15.2% for the first quarter of 2021 and drove a $1.1 million increase in gross profit year-over-year. ODR segment revenue accounted for 37.4% of consolidated revenue in the first quarter of 2022 while contributing approximately 54.4% of consolidated gross profit. We believe that the continued shift in revenue mix to the ODR segment provides for greater revenue stability and higher gross margins.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced the Company will be releasing its first quarter 2022 financial results after the close of the stock market on Tuesday, May 10, 2022. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET. Charlie Bacon, President and Chief Executive Officer, Jayme Brooks, Executive Vice President and Chief Financial Officer, Mike McCann, Executive Vice President and Chief Operating Officer and Matt Katz, Executive Vice President of Mergers, Acquisitions and Capital Markets will host the call.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the year ended December 31, 2021. Net income was $6.7 million for fiscal year 2021 as compared to $5.8 million for fiscal year 2020. Consolidated revenue was $490.4 million, a 13.7% decrease compared to fiscal year 2020. ODR(1) segment revenue was up 10.3% year-over-year and accounted for 28.6% of consolidated revenue in 2021 compared to 22.4% in fiscal year 2020. Consolidated gross margin of 17.5% increased 320 basis points year-over-year as a result of a shift in mix to the ODR segment and increased GCR(1) margins despite lower total revenue. In 2021, the ODR segment accounted for approximately 47.1% of consolidated gross profit.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach”), an integrated building systems solutions firm whose expertise is in the design, modular prefabrication, installation, management and maintenance of heating, ventilation, air-conditioning (“HVAC”), mechanical, electrical, plumbing and controls systems, today announced the closing of the acquisition of Chattanooga, TN-based specialty mechanical contractor Jake Marshall, LLC, along with certain affiliated companies (collectively “Jake Marshall”), for an enterprise value of $20 million in an all-cash transaction.1

Limbach Holdings, Inc. (Nasdaq: LMB) today announced its financial results for the quarter ended September 30, 2021. Consolidated revenue improved to $129.2 million, or 6.7%, compared with the second quarter of 2021 as business conditions strengthened relative to the second quarter of 2021. ODR(1) segment revenue accounted for 30.4% of consolidated revenue in the third quarter of 2021 compared to 20.4% in the third quarter of 2020. Consolidated gross margin of 18.9% increased 350 basis points sequentially over the second quarter of 2021, and 410 basis points year-over-year for the third quarter as a result of a shift in mix to the ODR segment, which provides for higher gross margins, as well as better overall execution. In the third quarter of 2021, the ODR segment accounted for approximately 48% of consolidated gross profit.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach”) today announced the Company will be releasing its third quarter 2021 financial results after the close of the stock market on Wednesday, November 10, 2021. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. ET. Charlie Bacon, President and Chief Executive Officer, Jayme Brooks, Executive Vice President and Chief Financial Officer, Mike McCann, Executive Vice President and Chief Operating Officer and Matt Katz, Executive Vice President of Mergers, Acquisitions and Capital Markets will host the call.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach”) today announced that Company leadership will be presenting at the 14th Annual LD Micro Main Event. Executive Vice President - Mergers, Acquisitions and Capital Markets, Matt Katz will present on October 13th at 9:30 AM PT at the Luxe Sunset Bel-Air in Los Angeles and be available for 1x1 meetings throughout the day.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) today announced that the Company has seen an increase in demand for the Company’s expertise in the design and implementation of HVAC services in the growing cannabis, indoor farming and agriculture markets. The Company has secured contracts for a number of these facilities in several states, and has been building a market niche with indoor farming, which it believes will be a sustainable area of capital investment.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach”) today announced that management will participate in Lake Street Capital Markets’ 5th Annual Best Ideas Growth (BIG5) Conference on September 15, 2021. Charlie Bacon, President & Chief Executive Officer, Jayme Brooks, CFO, and Matt Katz, Executive Vice President – Mergers, Acquisitions and Capital Markets, will be available for virtual one-on-one meetings throughout the day.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach” or the “Company”) announced today the appointment of Linda G. Alvarado to the Company’s Board of Directors, effective as of August 26, 2021. Ms. Alvarado brings a wealth of experience in the construction industry, most notably as a founder, President and Chief Executive Officer of Alvarado Construction, Inc., a commercial general contractor, development, design/build, and construction management company in the United States and internationally. Ms. Alvarado is also an owner of the Colorado Rockies Major League Baseball Club, as well as the President of Palo Alto, Inc., and the Alvarado Restaurant Entities which owns and operates YUM! Brands restaurants in multiple states. Previously, Ms. Alvarado served as a director of several public companies in diverse industries, including 3M, Cypress AMAX Minerals, Lennox International, Pitney Bowes, Pepsi Bottling Group, Qwest Communications International, and the United Banks of Colorado.

Limbach Holdings, Inc. (Nasdaq: LMB) today announced its financial results for the quarter ended June 30, 2021. Consolidated revenue improved to $121.0 million, or 6.8%, compared with the first quarter of 2021 as business conditions strengthened relative to the first quarter of 2021. ODR(1) segment revenue accounted for 27.7% of consolidated revenue in the second quarter of 2021 compared to 21.6% in the second quarter of 2020. Consolidated gross margin of 15.4% increased 24 basis points sequentially, and 40 basis points year-over-year as a result of a shift in mix to the ODR segment, which provides for higher gross margins, as well as better overall execution. In the second quarter of 2021, the ODR segment accounted for more than 50% of consolidated gross profit.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach”) today announced the Company will be releasing its second quarter 2021 financial results after the close of the stock market on Thursday, August 12, 2021. The Company will also be hosting a conference call for investors and analysts the following morning at 9:00 a.m. EDT. Charlie Bacon, President and Chief Executive Officer, Jayme Brooks, Executive Vice President and Chief Financial Officer, Mike McCann, Executive Vice President and Chief Operating Officer and Matt Katz, Executive Vice President of Mergers, Acquisitions and Capital Markets will host the call.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach”) today announced that Company leadership will be participating in the LD Micro Invitational XI Conference. Executive Vice President - Mergers, Acquisitions and Capital Markets, Matt Katz will present on June 9th at 10:00 am ET and will also be available for virtual one-on-one meetings throughout the day.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach”) today announced that Company leadership will be participating in the Stifel Cross Sector Insights Conference which will take place virtually from June 8th through 10th. Charlie Bacon, President & Chief Executive Officer, will present on Thursday, June 10th at 3:20 pm ET. He and Matt Katz, Executive Vice President – Mergers, Acquisitions and Capital Markets, will also be available for virtual one-on-one meetings throughout the day.

Limbach Holdings, Inc. (NASDAQLMB) (“Limbach”) today announced that Company leadership will be participating in Sidoti & Company’s Virtual Microcap Conference. Executive Vice President - Mergers, Acquisitions and Capital Markets, Matt Katz will present on May 19th at 10:00 am EDT and will also be available for virtual one-on-one meetings throughout the day.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended March 31, 2021. Consolidated revenues declined 18.3% to $113.3 million as the Company continues to focus on replacing largely complete, lower margin projects with higher margin opportunities for strategic customers. Consistent with the Company’s focus on expanded profitability driven by a more rigorous project selection process, gross margin improved to 15.2% compared to 13.1% in the year ago period and 14.3%, sequentially.

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced that Jody Reilly has been appointed as Vice President of Healthcare, effective immediately. Mr. Reilly brings 17 years of healthcare operations expertise and will serve as a critical asset as the Company continues to grow its Owner-Direct Services business and expanded technology platform to our healthcare client base.