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LMB

Limbach Holdings·NASDAQ
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LMB fundamentals

Limbach Holdings (LMB) released its earnings on Mar 2, 2026: revenue was 186.87M (YoY +30.09%), missed estimates; EPS was 1.4 (YoY +21.74%), beat estimates.
Revenue / YoY
186.87M
+30.09%
EPS / YoY
1.4
+21.74%
Report date
Mar 2, 2026
LMB Earnings Call Summary for Q4,2025
  • 2025 Record Performance: 24.7% revenue growth to $646.8M, 40.6% ODR surge, 75% ODR mix, and $81.8M EBITDA.
  • 2026 Growth Drivers:
    • ODR Expansion: 9-12% organic growth, 75-80% mix.
    • Margin Improvement: Target 26-27% gross margin, 15-17% SG&A as % of revenue.
    • Acquisition Pipeline: 1-3 deals to expand data center, healthcare, and industrial capabilities.
  • Pioneer Power Integration: Phase 2 focuses on 2026 gross margin improvement, mirroring Jake Marshall's 14.7pt margin expansion over 4 years.
  • 2026 Guidance: Revenue $730-760M (+13-17%), EBITDA $90-94M (+10-16%), 75% free cash flow conversion.
  • Risks: Q1 seasonality, Pioneer margin lag, and data center vertical under 5% of revenue.
EPS
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Q1,2018
Q2,2018
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Q4,2018
Q1,2019
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Q4,2019
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Q1,2022
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Q1,2023
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Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
-0.010.370.310.05-0.250.070.380.41-0.150.080.340.350.270.460.610.440.640.50.621.151.120.931.051.4
Forecast
-0.165-0.310.09-0.01-0.030.0750.30.4-0.030.08670.21670.31670.03330.180.310.40.340.370.5150.78670.430.77251.04751.236
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+93.94%
+219.35%
+244.44%
+600.00%
-733.33%
-6.67%
+26.67%
+2.50%
-400.00%
-7.73%
+56.90%
+10.51%
+710.81%
+155.56%
+96.77%
+10.00%
+88.24%
+35.14%
+20.39%
+46.18%
+160.47%
+20.39%
+0.24%
+13.27%
Revenue
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Q1,2018
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Q4,2018
Q1,2019
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Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
----------------------138.77M135.19M163.86M130.40M113.34M121.02M129.18M126.81M114.82M116.12M122.36M143.48M121.01M124.88M127.77M142.69M118.98M122.23M133.92M143.65M133.11M142.24M184.58M186.87M
Forecast
----------------------134.50M120.50M142.00M135.60M122.15M116.20M123.80M128.57M114.37M123.18M130.00M154.00M115.32M119.50M126.15M129.40M122.25M122.65M129.50M149.37M121.06M144.21M184.48M197.56M
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+3.18%
+12.19%
+15.39%
-3.84%
-7.21%
+4.15%
+4.34%
-1.37%
+0.40%
-5.73%
-5.88%
-6.83%
+4.93%
+4.50%
+1.28%
+10.27%
-2.68%
-0.34%
+3.41%
-3.83%
+9.95%
-1.37%
+0.06%
-5.41%

Earnings Call