Limbach Holdings Inc is a company that specializes in providing integrated building systems and services, predominantly focusing on mechanical, electrical, and plumbing (MEP) contracting solutions
They cater to a wide range of sectors including commercial, industrial, and institutional markets, offering a comprehensive suite of services that encompasses design, construction, maintenance, and energy solutions. Limbach aims to improve the efficiency, sustainability, and performance of buildings through innovative technologies and expertise, helping clients optimize their facilities while managing costs and enhancing operational effectiveness.
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Civil infrastructure company Construction Partners (NASDAQROAD)
will be reporting earnings tomorrow before the bell. Here’s what investors should know.
Shares of building systems company Limbach (NASDAQLMB)
jumped 17.1% in the afternoon session after the company reported strong third-quarter earnings. Revenue beat, which is a good start. In addition, Limbach blew past analysts' EBITDA expectations. The sales improvement was mostly driven by a 41% growth in the Owner Direct Relationships (ODR) Segment. This is due to the company's shift towards working directly with building owners, which results in higher-margin projects. The company is also expanding its footprint following the acquisition of Kent Island Mechanical to grow market share in the Washington, D.C. area.
Building systems company Limbach (NASDAQLMB) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 4.8% year on year to $133.9 million. The company’s full-year revenue guidance of $530 million at the midpoint came in 2.1% above analysts’ estimates. Its GAAP profit of $0.62 per share was also 17% above analysts’ consensus estimates.
