Limbach Q4 revenue rises

Limbach Holdings

02/03/2026 21:31

Overview

Building systems solutions firm's Q4 revenue rose 30.1% but missed analyst expectations

Adjusted EBITDA for Q4 increased 30.8% yr/yr

Company announced $50 mln share repurchase program

Outlook

Limbach projects 2026 revenue between $730 mln and $760 mln

Company expects 2026 adjusted EBITDA between $90 mln and $94 mln

Limbach anticipates ODR organic revenue growth of 9-12% in 2026

Result Drivers

ACQUISITION IMPACT - Revenue increase primarily driven by Pioneer Power acquisition, contributing $33 mln to Q4 revenue

ODR FOCUS - ODR revenue grew 51.8%, driven by strategic focus, with organic growth at 23.9%

Company press release: ID:nBw67ZLqGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$186.87 mln
$197.56 mln (5 Analysts)
Q4 Net Income
$12.3 mln
Q4 Gross Profit
$48.08 mln
Q4 Operating Expenses
$30.53 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 $115.00, about 25.8% above its February 27 closing price of $91.42

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)