Limbach Holdings (LMB) Tops Q3 EPS by 10c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to Limbach Holdings (LMB) Tops Q3 EPS by 10c, Beats on Revenue; Offers FY24 Revenue Guidance

Limbach Holdings, Inc. Announces Third Quarter 2024 Results

November 5, 2024 4:05 PM EST

Raising 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