Limbach Holdings Reports Third Quarter 2019 Results
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Limbach Holdings (LMB) Misses Q3 EPS by 64c, Revenues Beat
November 14, 2019 5:05 PM ESTLimbach Holdings (NASDAQ: LMB) reported Q3 EPS of ($0.44), $0.64 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $147.8 million versus the consensus estimate of $142.5 million.
Other key items in the quarter included (unless noted, all financial comparisons are to the prior-year quarter):
Service segment continues to lead growth as the Company focuses on owner direct relationships and recurring revenue from maintenance agreements.Macroeconomic conditions remain favorable both geographically and in Limbachs target verticals.The Company continues to shift resources to its Service segment in order to capitalize on... More