Limbach Holdings, Inc.

Limbach Holdings, Inc. announced the appointment of Michael J. Reed as Executive Vice President and Chief Operating Officer, effective May 18, 2026. Reed, who joined the company in 2019, has held various leadership roles including Vice President of Operational Risk Management and Senior Vice President, Integrations Leader. In his new role, he will focus on scaling the business, driving operational excellence, and enhancing profitability. His compensation includes an annual base salary of $425,000, a $1,000 monthly vehicle allowance, and eligibility for an annual bonus with a target of 60% of his base salary.

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.

Limbach Holdings, Inc. reported a significant decline in profitability for the first quarter of 2026, with net income decreasing 57.1% to $4.38 million and diluted EPS falling 57.6% to $0.36. This occurred despite a 4.3% increase in revenue to $138.86 million, partly driven by the Pioneer Power acquisition which contributed $23.5 million but operated at a lower gross margin. The company also saw a substantial increase in long-term debt and a shift to net cash used in operating activities.