Brief: Limbach Holdings Q2 Revenue USD 142.241 Million Vs. IBES Estimate USD 144.2 Million

Limbach Holdings

05/08/2025 21:05

Overview

Limbach Holdings Inc Q2 revenue rises 16.4% yr/yr but misses analyst expectations

Adjusted EBITDA for Q2 grows 30%, driven by Owner Direct Relationships segment

Co, which focuses on installation and maintenance of mechanical, electrical, and plumbing systems, raises FY 2025 revenue guidance

Outlook

Limbach raises full-year 2025 revenue guidance to $650 mln - $680 mln

Company increases 2025 adjusted EBITDA guidance to $80 mln - $86 mln

Result Drivers

ODR GROWTH - Revenue from Owner Direct Relationships grew 31.7%, driven by strategic focus on higher-margin business

MARGIN EXPANSION - Increased gross profit attributed to higher-margin ODR segment work

STRATEGIC INVESTMENTS - Co invests in sales organization to enhance national account approach and customer collaboration

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$142.24 mln
$144.20 mln (4 Analysts)
Q2 Net Income
$7.76 mln
Q2 Gross Profit
$39.83 mln
Q2 Operating Expenses
$29.18 mln
Q2 Operating Income
$10.64 mln
Q2 Pretax Profit
$10.76 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Limbach Holdings Inc is $141.50, about 4.7% above its August 4 closing price of $134.84

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nBw48DBzya

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)