Limbach Holdings (LMB) Tops Q3 EPS by 10c, Beats on Revenue; Offers FY24 Revenue Guidance
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Limbach Holdings, Inc. Announces Third Quarter 2024 Results
November 5, 2024 4:05 PM ESTRaising 2024 Adjusted EBITDA Guidance after Delivering Q3 Net Income of $7.5 million and Record Quarterly Adjusted EBITDA of $17.3 million
WARRENDALE, Pa.--(BUSINESS WIRE)-- Limbach Holdings, Inc. (Nasdaq: LMB) (Limbach or the Company) today announced its financial results for the quarter ended September 30, 2024.
2024 Third Quarter Financial Overview Compared to 2023 Third Quarter
Owner Direct Relationships (ODR) revenue increased 41.3%, or $27.2 million, to $93.0 million accounting for 69.4% of total revenue. Total revenue was $133.9 million, an increase of 4.8% from $127.8 million. Total gross profit was $36.1 million, an increase of 15.6% from... More