Quarterly ResultMay 5, 2026, 05:02 PM
Limbach Q1 Revenue $138.9M, Net Income $4.4M; Reaffirms FY26 Guidance
AI Summary
Limbach Holdings, Inc. reported its first-quarter 2026 financial results, with total revenue increasing 4.3% to $138.9 million. However, net income significantly decreased by 57.1% to $4.4 million, or $0.36 per diluted share, and Adjusted EBITDA fell by 41.7% to $8.7 million. Despite the decline in profitability, the company reaffirmed its full-year 2026 revenue guidance of $730 million to $760 million and Adjusted EBITDA guidance of $90 million to $94 million, driven by strong bookings of $209.1 million and momentum in the data center vertical. The company also furnished an Investor Presentation with updates on operations and strategic plans.
Key Highlights
- Total revenue increased 4.3% to $138.9 million from $133.1 million YoY.
- Net income decreased 57.1% to $4.4 million ($0.36 per diluted share) from $10.2 million YoY.
- Adjusted EBITDA decreased 41.7% to $8.7 million from $14.9 million YoY.
- Total sales booked were $209.1 million, generating a book-to-bill ratio of 1.5x.
- Owner Direct Relationships (ODR) revenue increased 10.4% to $99.8 million.
- Reaffirmed full-year 2026 revenue guidance of $730 million to $760 million.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of $90 million to $94 million.
- Net cash used in operating activities was $7.8 million compared to $2.2 million provided YoY.
Price Impact
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