Added to YB: 2026-09-07
Pitch date: 2026-09-03
LMB [neutral]
Limbach Holdings, Inc.
Author Info
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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
$590.9M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.95
P/E
19.73
EV/Sales
0.93
Sector
Construction and Engineering
Category
turnaround
$LMB: revenue is up 22 percent, and gross profit is down
LMB (overview): Limbach’s owner-direct pivot is still producing revenue growth but no longer profit growth: Q2 revenue rose 21.9%, while gross profit fell 6.4% and margin dropped from 28.0% to 21.5%; ODR revenue increased 17.9%, but ODR gross profit declined. The company then paid $63M upfront for 1901, mostly with borrowings. The next two reports must show whether margins stabilize near 21–22% and how leverage changes after consolidation.
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