Published on 13 Mar 2024 on GuruFocus.com via Yahoo Finance

Limbach Holdings Inc (LMB) Reports Robust Earnings Growth and Margin Expansion in 2023

Revenue: Consolidated revenue slightly decreased by 0.6% in Q4, but increased 3.9% for the full year.Gross Profit: Gross profit rose by 14.0% in Q4 and 27.3% for the year, with gross margin reaching 23.3% for Q4 and 23.1% for the year.Net Income: Net income improved to $5.2 million in Q4, a 37.7% increase, and $20.8 million for the year, a 205.9% surge.Earnings Per Share (EPS): Diluted EPS grew to $0.44 in Q4 from $0.35, and to $1.76 for the year from $0.64.Adjusted EBITDA: Adjusted EBITDA increased by 8.8% to $12.6 million in Q4 and by 47.3% to $46.8 million for the year.Cash Flow: Net cash provided by operating activities rose to $13.9 million in Q4 and $57.4 million for the year.Balance Sheet: Year-end cash and cash equivalents stood at $59.8 million, with a current ratio of 1.50x.

Warning! GuruFocus has detected 3 Warning Sign with LMB.

Limbach Holdings Inc (NASDAQ:LMB) released its 8-K filing on March 13, 2024, detailing its financial results for the fourth quarter and the full year of 2023. The company, a leading commercial specialty contractor in heating, ventilation, air conditioning, plumbing, electrical, and building controls, operates primarily through its General Contractor Relationships (GCR) and Owner Direct Relationships (ODR) segments, with the latter driving significant growth and profitability.