Added to YB: 2025-07-28
Pitch date: 2025-07-25
LMB [bullish]
Limbach Holdings, Inc.
-47.17%
current return
Author Info
No bio for this author
Company Info
Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships.
Market Cap
$917.6M
Pitch Price
$135.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
1.49
Sector
Construction and Engineering
Category
growth
Limbach Holdings (LMB): Why Spruce Point is Very Wrong
LMB: Spruce Point's 'Strong Sell' claims ODR segment stagnating, but organic growth is actually 12% in Q1 2025. Backlog shift from GCR to ODR is strategic, not weakness. Acquisitions are accretive (3.8-5x EBITDA multiples), complementing strong core. Record earnings with EBITDA +36% in 2024, net income +49%. No accounting issues in percentage-of-completion method. Net cash position despite M&A.
Read full article (23 min)