Limbach Holdings, Inc. (LMB) Form 8-K — Nov 3, 2026
Limbach Holdings reported record third-quarter 2026 revenue of $230.5 million, up 24.9% year over year, with adjusted EBITDA up 25.9% to $27.4 million and net income of $9.5 million, or $0.79 per diluted share. Bookings of $311.2 million produced a 1.4x book-to-bill ratio, and the quarter included contributions from the newly acquired CYMCOR and 1901 businesses. Management raised its tone on the full year, saying the company is tracking at or near the high end of its FY2026 guidance of $760-$790 million in revenue and $78-$84 million in adjusted EBITDA, with organic growth returning to the Owner Direct Relationships segment (+2.2% organic ODR growth).
Key figures
- Eps
- 0.79
- Revenue
- 230460000
- Guidance
- FY2026 revenue $760M-$790M (tracking at or near high end); Adjusted EBITDA $78M-$84M
- Net Income
- 9450000
- Total Debt
- 154900000
- Revenue Yoy
- 24.9%
- Cash Position
- 29100000
- Bookings q3
- $311.2 million
- Book to bill
- 1.4x
- Gcr revenue q3
- $79.8 million
- Odr revenue q3
- $150.7 million
- Adjusted eps q3
- 1.37
- Gross margin q3
- 23.4% (vs 24.2% prior year)
- Free cash flow q3
- $22.2 million
- Adjusted ebitda q3
- $27.4 million (+25.9% YoY)
- Ttm adjusted ebitda
- $77.2 million
- Share repurchases q3
- 194,788 shares at average $51.31
- Revolver availability
- $125.0 million
- Operating cash flow q3
- $20.3 million
- Acquisition revenue share
- 10.5% of Q3 revenue ($19.3 million)
- Net debt to ttm adj ebitda
- 1.63x
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