Limbach Holdings (LMB) Misses Q1 EPS by 22c, Revenues Miss; Offers FY21 Revenues Guidance Below Consensus

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Limbach Holdings Reports First Quarter 2021 Results

May 14, 2021 8:30 AM EDT

Gross Margin Increases to 15.2% as Owner-Direct Shift Accelerates
Conference Call Scheduled for 10:00 am ET on May 14, 2021

PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc. (Nasdaq: LMB) (Limbach or the Company) today announced its financial results for the quarter ended March 31, 2021. Consolidated revenues declined 18.3% to $113.3 million as the Company continues to focus on replacing largely complete, lower margin projects with higher margin opportunities for strategic customers. Consistent with the Companys focus on expanded profitability driven by a more rigorous project selection process, gross margin improved to 15.2% compared to 13.1% in the year ago... More