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.
LMB · Limbach Holdings, Inc.
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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%.
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.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;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.
- + 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.
- − 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
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative 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| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LMB
this stock
Limbach Holdings, Inc.
|
$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- 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.
ViewPerformance
| 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
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.