Limbach Holdings, Inc. Reports First Quarter 2026 Results
Limbach reported Q1 revenue of $138.9 million, up 4.3% year-over-year, while bookings reached $209.1 million for a 1.5x book-to-bill ratio. Profitability declined sharply, with net income falling 57% to $4.4 million and gross margins compressing to 22.4% due to lower fixed cost absorption and the integration of lower-margin acquisition Pioneer Power.
Key figures
- Eps
- 0.36
- Revenue
- 138900000
- Guidance
- FY2026 revenue $730 million - $760 million, Adjusted EBITDA $90 million - $94 million
- Revenue Yoy
- 4.3%
- Bookings
- 209100000
- Adjusted eps
- 0.64
- Book to bill
- 1.5x
- Gross margin
- 22.4%
- Adjusted ebitda
- 8700000
- Adjusted net income
- 7800000
AI analysis
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