Limbach Holdings Reports Third Quarter 2020 Results
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Limbach Holdings (LMB) Tops Q3 EPS by 23c, Revenues Beat; Offers FY20 Revenue Mid-Point Guidance Above Consensus
November 12, 2020 7:34 AM ESTLimbach Holdings (NASDAQ: LMB) reported Q3 EPS of $0.31, $0.23 better than the analyst estimate of $0.08. Revenue for the quarter came in at $163.9 million versus the consensus estimate of $147 million.
The following are key financial highlights of the third quarter. All comparisons are to the third quarter of 2019, unless noted otherwise.
Construction segment revenue of $130.5 million increased 10.2% driven by growth in the Michigan, Ohio, and New England operating regions, offset by revenue declines in the Florida, Southern California and Eastern Pennsylvania regions. Service segment revenue of $33.4 million increased 12.3%, driven by growth in the Florida,... More