Professional
Added to YB: 2024-12-16
Pitch date: 2024-12-10
LMB [bullish]
Limbach Holdings, Inc.
-20.41%
current return
Author Info
Company Info
Limbach Holdings, Inc. operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships.
Market Cap
$792.6M
Pitch Price
$95.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.54
P/E
22.51
EV/Sales
1.43
Sector
Construction and Engineering
Category
turnaround
Bryant Street Capital Management Portfolio Holding: Limbach Holdings, Inc.
LMB: Transforming from GC to high-margin ODR services (50% now, targeting 80%). EBITDA doubled to $60M, projected to double again in 3 years. Net cash balance sheet, $40M+ annual FCF for accretive M&A at 5x EBITDA. Expanding from 20 branches. Trading at 9x 2025E EBITDA vs comps at 20-25x. New CEO executing well.
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