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LMB · Limbach Holdings, Inc.

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$56.03 -0.62 (-1.09%) At close · Nov 13
Market Cap
$657.24M
Shares
11.73M
Volume · Nov 13 64.51K Avg daily vol (3M) 301.79K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$56.03 Open$57.36 Day$55.53–58.22 52W close$41.22–114.11 Avg vol 30d194K Short int1.1M · 9.8% of shares · 8.1d Short vol49% Last earningsNov 4, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 3

Up next

Mar 2, 2027 Est · unconfirmed · in 15 wks

Latest documents

2026
Nov 4
Earnings call
Record revenue and EBITDA put outlook near high end

Limbach reported record third-quarter revenue of $230.5 million and adjusted EBITDA of $27.4 million, alongside total organic revenue growth of 14.4%. Management tracked at or near the high end of 2026 guidance, supported by $311 million of bookings.

6 source passages
Limbach reported strong third quarter results, executing on many business objectives. Third quarter revenue was a record $230.5 million, compared with $184.6 million a year ago. Adjusted EBITDA was a record $27.4 million, compared with $21.8 million. the company's 8-K filed 2026-11-03 reports 14.4%. Bookings totaled approximately $311 million, producing a book-to-bill ratio of approximately 1.4 times we are tracking at or near the high end of revenue and adjusted EBITDA ranges Open the document at this passage
Nov 3
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue rises 24.9% as gross margin slips

Limbach Holdings’ third-quarter revenue increased 24.9% year over year, while gross margin declined to 23.4% from 24.2%. The 1901 and CYMCOR acquisitions contributed $19.3 million, and GCR revenue rose 84.7%.

Revenue $230.46M ▲ 24.9% Net income $9.45M ▲ 7.5% Diluted EPS $0.79 ▲ 8.2%
Read from the MD&A section
4 source passages
•Total revenue increased by $45.9 million, or 24.9%, during the three months ended September 30, 2026 compared to the three months ended September 30, 2025. Total gross profit as a percentage of total revenue | 23.4 | % | 24.2 | % During the three months ended September 30, 2026, the acquisitions of 1901 and CYMCOR contributed $19.3 million of revenue in the aggregate. •GCR revenue increased by $36.6 million, or 84.7%, primarily due to a $23.5 million increase in GCR organic revenue, as well as an increase in GCR acquisition-related revenue of approximately $13.1 million attributable to the 1901 acquisition. Open the document at this passage
Nov 3
Current report 8-K
Revenue rises 24.9% to $230.5 million

Limbach Holdings, Inc. reported revenue of $230.5 million, up 24.9%, and updated FY 2026 guidance to $760 million - $790 million of revenue and $78 million - $84 million of Adjusted EBITDA, expecting results near the high end.

Financial results, Regulation FD disclosure Read from the first part of this long document
5 source passages
Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) Record total revenue increased 24.9% to $230.5 million from $184.6 million The Company is updating its FY 2026 guidance to reflect its current operating environment, which includes contributions from the recently completed CYMCOR and 1901 acquisitions. Revenue | $760 million - $790 million | Expects to be at or near the high end of the range Adjusted EBITDA | $78 million - $84 million | Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$729.65M
Trailing 12 months
Net income (TTM)
$30.88M
Trailing 12 months
Revenue growth YoY
+24.9%
Year over year
Operating margin
5.6%
Trailing 12 months
P / E (TTM)
22.0
Trailing earnings · reciprocal yield 4.6%
FCF yield
8.7%
TTM · current market cap
Return on invested capital
10.0%
Trailing 12 months
Net cash
−$125.20M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-0.9%
Year over year · fewer shares
Price change (1Y)
-22.4%
Trailing year
Short interest
9.8%
Latest settlement · 8.1 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26

TL;DR. Limbach reported Q2 results that fell short on margins and earnings but raised full-year 2026 revenue guidance to $760–$790 million while cutting adjusted EBITDA guidance to $78–$84 million, and closed the $30 million acquisition of CYMCOR to expand its data center platform.

Bullish
  • + Raised full-year 2026 revenue guidance to $760–$790 million from $730–$760 million.
  • + Closed the $30 million CYMCOR acquisition to expand data center capabilities with expected $12 million of 2027 program management revenue and $4 million of adjusted EBITDA.
  • + Generated $182.0 million of Q2 bookings for a 1.1x book-to-bill, the third consecutive quarter of strong bookings totaling $616 million.
  • + Operating cash flow reached $18.7 million, the second-highest second-quarter operating cash flow since becoming public.
  • + Expanded revolving credit facility to $125 million from $100 million, increasing liquidity and funding flexibility.
Bearish
  • − Cut full-year 2026 adjusted EBITDA guidance to $78–$84 million from $90–$94 million.
  • − Adjusted EBITDA fell 22.3% to $13.9 million from $17.9 million and adjusted diluted EPS declined to $0.64 from $0.93.
  • − Net income declined 38.8% to $4.7 million from $7.8 million, with diluted EPS falling to $0.39 from $0.64.
  • − ODR organic revenue declined 3.4%, reflecting ongoing softness in healthcare and institutional markets.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −20%
below
Price vs 50-day avg +10%
above
RSI (14) 58
neutral
MACD trend Positive
52-week position 20%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return +15%
trailing
6-month return −24%
trailing
YTD return −28%
this year
Relative strength −25%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $51 › 200d $70 — 200d above 50d
Institutional flow Distributing
168 of 181 funds reported for Sep 30 · net -1.0M sh shares · +35 new
Insider flow Accumulating
Net +$515.9K over 90 days · 0% sells
Short interest Falling
9.76% of shares out · ▼ -1.5% MoM · 8.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
181 holders — mid 3-yr range
Squeeze score 74
high risk · 0–100
Fundamentals
Excellent
Revenue growth +25%
Y/Y
Gross margin 26%
contracting
EPS growth +26%
Y/Y
Free cash flow $41.9M
Valuation P/E 22
below peers
Buyback $50.0M
authorized
Balance sheet $24.2M
net debt
Quant / Vol
risk profile
Very High
Volatility 73%
annualized · 1-yr
Max drawdown −64%
past year
ATR 5.1%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 4 of last 6
Latest guidance · from the Earnings Call filed Aug 5, 2026
fiscal 2026
Revenue Maintained $760M – $790M
Aug 4, 2026 $760M – $790M changed to Aug 5, 2026 $760M – $790M
prior FY $646.8M midpoint +19.8% Y/Y
Adjusted EBITDA Non-GAAP Maintained $78M – $84M
Aug 4, 2026 $78M – $84M changed to Aug 5, 2026 $78M – $84M
Total organic revenue growth Non-GAAP Maintained 9% – 14%
Aug 4, 2026 9% – 14% changed to Aug 5, 2026 9% – 14%
ODR revenue as a percentage of total revenue Maintained 70% – 80%
Aug 4, 2026 70% – 80% changed to Aug 5, 2026 70% – 80%
ODR organic revenue growth Non-GAAP Maintained 6% – 10%
Aug 4, 2026 6% – 10% changed to Aug 5, 2026 6% – 10%
Growth margin percentage 23% – 24%
SG&A expense as a percentage of total revenue Maintained 15% – 16%
Aug 4, 2026 15% – 16% changed to Aug 5, 2026 15% – 16%
Free cash flow conversion of adjusted EBITDA Non-GAAP at least 75%
Convert adjusted EBITDA into free cash flow Non-GAAP at least 75%
2027
Adjusted EBITDA (SimCorp) Non-GAAP $4M
Previous outlook earlier release · from the 8-K filed Aug 4, 2026

Still-open targets the latest release did not restate under the same label.

Gross margin percentage · FY 2026 23% – 24%
Guided vs delivered · last 6 settled
Total Revenue 2025 Guidance
guided $650M – $680M
$646.8M Miss −2.7%
Revenue FY 2024
guided $515M – $535M
$518.78M In line
Revenue FY 2023
guided $490M – $520M
$516.35M In line
Revenue FY 2022
guided $510M – $530M
$496.78M Miss −4.5%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
1 · 4 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−20% Bearish
Price vs 50-day avg
+10% Bullish
RSI (14)
58 Neutral
MACD trend
Positive Bullish
52-week position
20% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $51 › 200d $70 — 200d above 50d
Institutional flow Distributing
168 of 181 funds reported for Sep 30 · net -1.0M sh shares · +35 new
Insider flow Accumulating
Net +$515.9K over 90 days · 0% sells
Short interest Falling
9.76% of shares out · ▼ -1.5% MoM · 8.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
181 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $41 Now $56 · 20% Range high $114
vs 200-day avg -20% vs 50-day avg +10%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Acquisition-related revenue non-GAAP $54.48M six months ended June 30, 2026 —
Adjusted diluted earnings per share non-GAAP $1.28 six months ended June 30, 2026 —
Adjusted EBITDA non-GAAP $22.61M six months ended June 30, 2026 —
Adjusted EBITDA Margin non-GAAP 7.2% six months ended June 30, 2026 —
Adjusted net income non-GAAP $15.4M six months ended June 30, 2026 —
GCR incremental acquisition-related revenue (Pioneer Power) $7.8M the three months ended June 30, 2026 filing —
GCR organic revenue change $4M the three months ended June 30, 2026 filing —
ODR acquisition-related revenue (Pioneer Power) $23.2M the three months ended June 30, 2026 filing —
Organic revenue non-GAAP -$17.51M six months ended June 30, 2026 —
Organic revenue change non-GAAP 0.2% three months ended June 30, 2026 —
Organic revenue increase $0.3M the three months ended June 30, 2026 filing —
Pioneer Power total revenue contribution 30.9M the three months ended June 30, 2026 filing —
Total bookings $182M the quarter ended June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Building Products & Equipment — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
LMB
Limbach Holdings, Inc.
this stock
$657.24M -28.0% +24.7% 22.0 9.8%
TT
Trane Technologies plc
$91.50B +7.4% +5.6% 29.5 2.2%
JCI
Johnson Controls International plc
$83.63B +16.4% -4.2% 29.8 1.7%
CARR
CARRIER GLOBAL Corp
$44.34B +2.6% -3.3% — 2.3%
CODGF
Compagnie De Saint Gobain
$41.97B -14.6% — — 0.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
182
% held
76.6%
Reported
168 of 181
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
212
View
Short & Settlement
Short Interest Falling
Shares short
1.1M
Days to cover
8.1d
Change
-17.8K sh
View
Short Volume
Short vol %
49%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
5.3K
Value
$268.2K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
40.1%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Cluster buy
Net (90d)
+$515.9K
Buyers / Sellers
3 / 0
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$646.8M
Net income (FY)
$39.1M
EPS diluted
$3.23
View
Buybacks
Authorized
$50.0M
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 3, 2026
This year
18

Limbach Holdings, Inc. reported revenue of $230.5 million, up 24.9%, and updated FY 2026 guidance to $760 million - $790 million of revenue and $78 million - $84 million of Adjusted EBITDA, expecting results near the high end.

View
Proposed Sales
Value
$260.7K
Shares
5.1K
Filed
Sep 15, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 4, 2026
View
Investor Relations
Latest news
Limbach Schedules Third Quarter 2…
Published
Oct 20, 2026
View

Performance

5D 20D 120D MTD YTD
LMB +4.8% +15.1% -24.5% +15.8% -28.0%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +2.2% +16.2% -25.0% +15.9% -38.7%

Capital returns

Buyback program · as of Mar 2, 2026
Authorized
$50.00M
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1606163 CUSIP 53263P105 13F (30d) 140 filings 129 filers Visit website Investor relations