Limbach Holdings, Inc. (LMB)
Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships. It engages in the construction or renovation projects that involve primarily include mechanical, electrical, plumbing, and controls services (MEPC). It also provides professional and consultative services; inspection, troubleshooting, repair, and services; system and/or facility assessments; turnkey rental equipment solutions; MEPC infrastructure solutions; and customized solutions. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; entertainment facilities, and amusement rides and parks; data centers; automotive, energy and general manufacturing plants; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Tampa, Florida.
Sector: Construction - Special Trade Contractors
Industry: Construction Materials
Limbach Holdings, Inc.
NASDAQ:LMBIndustrials · Construction Materials
-1.93%$53.45
Prev close$54.50-1.93%Close$53.450.00%AH close$53.45
AH$53.45+0.00%vs close
Mkt Cap$626.98M
Float11.09M
O/S11.73M
Inst Own76.0%
SI10.5%
Dilution
Financials Summary
Revenue$646.8M
Net Income$48.63M
Total Assets$381.13M
Free Cash Flow$41.89M
Debt & Equity
Debt 22%
Equity 78%
Total Debt$55.87M
Total Equity$195.66M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LMB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$381.13M
Liabilities$185.47M
Accounts Receivable$178.67M
Accounts Payable$74.17M
Inventory$0
PP&E (Net)$63.1M
Goodwill$70.6M
Intangible Assets$49.19M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $646.8M | $518.78M | $516.35M | $496.78M | $490.35M | $568.21M | $553.33M | $546.53M | $485.74M | $446.99M | $331.35M | $0 |
| YoY Growth | 24.7% | 0.5% | 3.9% | 1.3% | -13.7% | 2.7% | 1.2% | 12.5% | 8.7% | 34.9% | - | - |
| Cost of Revenue | $477.49M | $374.5M | $397.06M | $403.04M | $404.44M | $486.82M | $481.46M | $487.1M | $420.12M | $394.44M | $285.94M | $0 |
| Gross Profit | $169.31M | $144.28M | $119.29M | $93.74M | $85.91M | $81.39M | $71.88M | $59.43M | $65.62M | $52.55M | $45.41M | $0 |
| Gross Margin | 26.2% | 27.8% | 23.1% | 18.9% | 17.5% | 14.3% | 13.0% | 10.9% | 13.5% | 11.8% | 13.7% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $109.52M | $97.2M | $87.4M | $77.88M | $71.44M | $63.6M | $63.17M | $57.09M | $56.02M | $46.24M | $391K | $264K |
| Other | $10.34M | $8.46M | $2.61M | $3.85M | $484K | $630K | $642K | -$335K | $3.58M | $443M | $0 | $0 |
| Total Operating Expenses | $119.86M | $105.66M | $90.01M | $81.73M | $71.92M | $64.23M | $63.81M | $58.36M | $59.6M | $443M | $391K | $264K |
| Operating Income (EBIT) | $49.45M | $38.62M | $29.28M | $12.01M | $13.99M | $17.16M | $8.07M | $1.07M | $6.02M | -$443M | -$391K | -$264K |
| Operating Margin | 7.6% | 7.4% | 5.7% | 2.4% | 2.9% | 3.0% | 1.5% | 0.2% | 1.2% | -99.1% | -0.1% | - |
| Interest Expense | $3.13M | $1.87M | $2.05M | $2.14M | $2.57M | $8.63M | $6.29M | $3.31M | $2.28M | $0 | $3.25M | $0 |
| Interest Income | $815K | $2.23M | $1.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50K | $0 |
| Other Income (Expense) | -$825K | $1.34M | -$1.18M | -$2.4M | -$4.51M | -$10.17M | -$10.12M | -$3.55M | -$2.15M | -$8.77M | -$3.27M | $11K |
| Income Before Tax (EBT) | $48.63M | $39.97M | $28.1M | $9.61M | $9.48M | $6.99M | -$2.06M | -$2.48M | $3.86M | -$2M | -$340K | -$253K |
| Income Tax Expense | $0 | $9.09M | $7.35M | $2.81M | $2.76M | $1.18M | -$282K | -$635K | $3.15M | -$3.87M | -$51K | $0 |
| Net Income | $48.63M | $30.88M | $20.75M | $6.8M | $6.71M | $5.81M | -$1.77M | -$1.84M | $712K | $1.87M | -$340K | -$253K |
| Net Income Margin | 7.5% | 6.0% | 4.0% | 1.4% | 1.4% | 1.0% | -0.3% | -0.3% | 0.1% | 0.4% | -0.1% | - |
| Supplementary Data | ||||||||||||
| EPS | 4.18 | 2.75 | 1.93 | 0.65 | 0.67 | 0.74 | -0.23 | -0.24 | -0.13 | 0.25 | -0.06 | -0.14 |
| Diluted EPS | 4.02 | 2.57 | 1.76 | 0.64 | 0.66 | 0.72 | -0.23 | -0.24 | -0.13 | 0.25 | -0.06 | -0.14 |
| Weighted Average OS | 11.63M | 11.24M | 10.77M | 10.43M | 10.01M | 7.87M | 7.66M | 7.56M | 7.26M | 7.45M | 5.95M | 1.85M |
| EBITDA | $69.89M | $53.72M | $38.39M | $19.91M | $17.99M | $21.79M | $14.35M | $6.75M | $15.26M | $13.65M | $10.28M | $0 |
| EBITDA Margin | 10.8% | 10.4% | 7.4% | 4.0% | 3.7% | 3.8% | 2.6% | 1.2% | 3.1% | 3.1% | 3.1% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $11.35M | $44.93M | $59.83M | $36M | $14.48M | $42.15M | $8.34M | $1.62M | $626K | $7.41M | $120K | $397K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11.35M | $44.93M | $59.83M | $36M | $14.48M | $42.15M | $8.34M | $1.62M | $626K | $7.41M | $120K | $397K |
| Accounts Receivable | $178.67M | $167.21M | $149.44M | $185.99M | $173.3M | $152.87M | $182.25M | $168.38M | $162.35M | $145.93M | $106.1M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $125K | $124K | $123K | $0 | $0 |
| Other Current Assets | $5.03M | $8.19M | $7.71M | $3.99M | $5.11M | $4.39M | $4.77M | $34.98M | $3.29M | $1.85M | $1.86M | $0 |
| Total Current Assets | $195.05M | $220.33M | $217M | $225.99M | $192.91M | $199.42M | $195.38M | $204.99M | $166.26M | $155.18M | $139K | $470K |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $63.1M | $51.66M | $40.56M | $36.51M | $41.74M | $38.45M | $42.34M | $20.53M | $17.92M | $18.54M | $13.22M | $0 |
| Goodwill | $70.6M | $33.03M | $16.37M | $11.37M | $11.37M | $6.13M | $6.13M | $10.49M | $10.49M | $10.49M | $0 | $0 |
| Intangible Assets | $49.19M | $41.23M | $25M | $15.34M | $16.91M | $11.68M | $12.31M | $12.95M | $14.22M | $17.81M | $0 | $0 |
| Long-Term Investments | $200K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $2.92M | $5.53M | $5.18M | $4.83M | $4.33M | $6.09M | $4.79M | $4.41M | $3.66M | $4.27M | $0 | $0 |
| Other Long-Term Assets | $76K | $337K | $330K | $515K | $259K | $392K | $668K | $271K | $465K | $588K | $32.84M | $46.01M |
| Total Long-Term Assets | $186.08M | $131.79M | $87.44M | $68.57M | $74.61M | $62.74M | $66.24M | $48.65M | $46.76M | $51.69M | $46.06M | $46.01M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $381.13M | $352.13M | $304.44M | $294.56M | $267.51M | $262.16M | $261.62M | $253.63M | $213.02M | $206.88M | $46.2M | $46.48M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $74.17M | $60.81M | $65.27M | $75.12M | $63.84M | $66.76M | $86.27M | $74.35M | $67.44M | $57.03M | $42.57M | $70K |
| Short-Term Debt | $0 | $0 | $0 | $9.56M | $9.88M | $4M | $4.42M | $3.14M | $14.14M | $4.48M | $2.7M | $125K |
| Current Income Tax Payable | $1.15M | $1.47M | $446K | $1.89M | $501K | $1.67M | $12K | $0 | $2.22M | $0 | $0 | $0 |
| Current Unearned Revenue | $20.94M | $44.52M | $42.16M | $44.01M | $26.71M | $46.65M | $42.37M | $50.84M | $28.54M | $39.19M | $26.27M | $0 |
| Other Current Liabilities | $9.4M | $14.37M | $12.25M | $9.68M | $7.35M | $11.71M | $448K | $37.53M | $3.35M | $3.54M | $0 | $0 |
| Total Current Liabilities | $135.09M | $151.04M | $145.15M | $159.09M | $129.74M | $150.29M | $156.87M | $182.14M | $135.48M | $126.73M | $255K | $195K |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $9.65M | $9.63M | $9.61M | $21.53M | $29.82M | $32.59M | $38.87M | $23.61M | $20.56M | $21.51M | $30.96M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.61M | -$3.07M | -$4.53M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.61M | $3.07M | $4.53M | $0 | $0 |
| Other Long-Term Liabilities | $3.92M | $6.28M | $2.71M | $2.86M | $3.54M | $6.16M | $763K | $1.51M | $861K | $817K | $964K | $0 |
| Total Long-Term Liabilities | $50.38M | $47.6M | $38.38M | $40.03M | $49.93M | $58.13M | $57.88M | $25.13M | $21.42M | $22.32M | $255K | $195K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$255K | -$195K |
| Total Liabilities | $185.47M | $198.64M | $183.52M | $199.11M | $179.67M | $208.43M | $214.75M | $207.27M | $156.9M | $149.05M | $255K | $195K |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.96M | $10.37M | $0 | $0 |
| Common Stock | $1K | $1K | $1K | $1K | $1K | $1K | $1K | $1K | $1K | $1K | $40.94M | $41M |
| Retained Earnings | $100.33M | $61.26M | $30.39M | $9.63M | $2.83M | -$3.88M | -$9.69M | -$8.42M | -$6.58M | -$7.71M | -$529K | -$190K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | -$11.81M | -$7.84M | -$2.59M | $8.21M | $0 |
| Other Stockholders' Equity | $95.33M | $92.23M | $90.53M | $85.81M | $85M | $57.61M | $56.56M | $54.79M | $62.7M | $65.54M | $5.53M | $5.47M |
| Total Equity | $195.66M | $153.49M | $120.92M | $95.44M | $87.84M | $53.73M | $46.87M | $46.37M | $56.12M | $57.82M | $45.94M | $46.28M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $381.13M | $352.13M | $304.44M | $294.56M | $267.51M | $262.16M | $261.62M | $253.63M | $213.02M | $206.88M | $46.2M | $46.48M |
| Supplementary Data | ||||||||||||
| Total Debt | $55.87M | $48.73M | $41.98M | $50.3M | $60.64M | $62.44M | $65.29M | $26.75M | $26.91M | $25.98M | $125K | $125K |
| Net Debt | $44.53M | $3.8M | -$17.86M | $14.3M | $46.16M | $20.29M | $56.95M | $25.14M | $26.29M | $18.58M | $5K | -$272K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | $48.63M | $30.88M | $20.75M | $6.8M | $6.71M | $5.81M | -$1.77M | -$1.84M | $712K | $1.87M | -$340K | -$326K |
| Depreciation & Amortization | $18.13M | $11.89M | $8.24M | $8.16M | $5.95M | $6.17M | $6.29M | $5.68M | $9.12M | $7.34M | $2.63M | $264K |
| Deferred Income Tax | $2.61M | -$352K | -$350K | -$499K | $1.76M | -$1.3M | -$609K | -$745K | $603K | -$3.87M | $0 | $0 |
| Stock-Based Compensation | $7.02M | $5.77M | $4.91M | $2.74M | $2.6M | $1.07M | $1.77M | $2.16M | $1.66M | $1.5M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$20.31M | -$11.28M | $43M | -$12.98M | $3.41M | $19.2M | -$12.72M | -$6.41M | -$15.63M | -$40.33M | -$19.31M | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$25.38M | $16.27M | $0 | -$3.42M | $1K | $0 | $0 | $0 |
| Accounts Payable | $5.29M | -$10.3M | -$10.91M | $11.28M | -$5.58M | -$19.5M | $11.91M | $6.91M | $10.4M | $9.69M | $60K | $102K |
| Other Working Capital | -$11.13M | $5.2M | -$13.71M | $12.64M | -$20.4M | $4.28M | -$14.91M | $22.3M | -$11.51M | $24.09M | $53K | -$97K |
| Total Working Capital Change | -$26.15M | -$16.37M | $18.39M | $10.94M | -$47.94M | $20.24M | -$15.72M | $19.39M | -$16.74M | -$6.55M | $113K | $52K |
| Other Non-Cash Items | -$4.54M | $4.97M | $5.42M | $7.23M | $6.69M | $7.83M | $9.13M | $682K | $582K | $51.33M | $24.64M | -$264K |
| Net Cash from Operating | $45.7M | $36.78M | $57.37M | $35.37M | -$24.23M | $39.81M | -$926K | $25.32M | -$4.07M | $4.8M | -$226K | -$274K |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$3.81M | -$7.52M | -$2.27M | -$993K | -$791K | -$1.48M | -$2.66M | -$3.88M | -$3.3M | -$3.4M | -$2.38M | $0 |
| Acquisitions | $0 | -$35.05M | -$15.26M | $0 | -$18.98M | $162K | $0 | $198K | $70K | -$30.07M | $58K | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$2K | -$2K | $0 | -$1K | -$1K | -$4K | -$1K | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $2K | -$160K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$63.78M | $7K | $435K | $498K | $465K | $160K | $172K | $197K | $69K | $18M | -$51K | -$46.01M |
| Net Cash from Investing | -$67.59M | -$42.57M | -$17.09M | -$495K | -$19.3M | -$1.32M | -$2.49M | -$3.68M | -$3.23M | -$15.46M | -$51K | -$46.01M |
| Financing Activities | ||||||||||||
| Debt Repaid | $4.54M | $3.04M | $14.19M | $10.81M | $6.74M | $4.66M | -$14.03M | $3.93M | $930K | $14.77M | $664K | - |
| Common Stock Issuance | $653K | $440K | $0 | $0 | $22.77M | $0 | $0 | $0 | $0 | $27.18M | $0 | $46.17M |
| Common Stock Repurchases | $0 | $0 | $0 | -$2M | $0 | -$216K | $0 | -$211K | -$104K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$7.82M | -$6.51M | -$2.31M | -$541K | $23.07M | $191K | -$2.55M | -$16.4M | -$5.98M | -$195K | -$124K | $62.13M |
| Net Cash from Financing | -$11.7M | -$9.12M | -$16.49M | -$13.35M | $15.87M | -$4.69M | $10.14M | -$20.65M | $519K | $12.22M | -$788K | $62.13M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$33.59M | -$14.9M | $23.78M | $21.52M | -$27.67M | $33.8M | $6.72M | $993K | -$6.78M | $1.41M | -$278K | $15.84M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $45.7M | $36.78M | $57.37M | $35.37M | -$24.23M | $39.81M | -$926K | $25.32M | -$4.07M | $4.8M | -$226K | -$274K |
| Capital Expenditure | -$3.81M | -$7.52M | -$2.27M | -$993K | -$791K | -$1.48M | -$2.66M | -$3.88M | -$3.3M | -$3.4M | -$2.38M | $0 |
| Free Cash Flow | $41.89M | $29.26M | $55.1M | $34.38M | -$25.02M | $38.33M | -$3.59M | $21.45M | -$7.37M | $1.41M | -$2.61M | -$274K |
| Cash at Beginning | $44.99M | $59.9M | $36.11M | $14.59M | $42.26M | $8.46M | $1.73M | $626K | $7.41M | $6.11M | $397K | -$15.53M |
| Cash at End | $11.41M | $44.99M | $59.9M | $36.11M | $14.59M | $42.26M | $8.46M | $1.62M | $626K | $7.52M | $120K | $309K |