Latest news with #Limbach
Yahoo
a day ago
- Business
- Yahoo
Why Is Limbach (LMB) Stock Rocketing Higher Today
What Happened? Shares of building systems company Limbach (NASDAQ:LMB) jumped 5.3% in the morning session after continued positive momentum driven by a series of bullish analyst reports. The construction specialist recently received several favorable actions from Wall Street. For instance, Stifel Nicolaus and Lake Street Capital both increased their price targets on the stock, while Roth Capital reaffirmed a 'buy' rating. This string of positive analyst coverage appeared to be underpinned by the company's solid financial health. Reports highlighted Limbach's remarkable Return on Equity (ROE) compared to its industry peers and its significant net income growth over the past five years. The upward move also followed a strong performance in the previous trading session, suggesting sustained investor confidence. After the initial pop the shares cooled down to $134.69, up 0.6% from previous close. Is now the time to buy Limbach? Access our full analysis report here, it's free. What Is The Market Telling Us Limbach's shares are extremely volatile and have had 40 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock gained 17.1% on the news that the company reported strong third-quarter earnings. Revenue beat, which was a good start. In addition, Limbach blew past analysts' EBITDA expectations. The sales improvement was mostly driven by a 41% growth in the Owner Direct Relationships (ODR) Segment. This is due to the company's shift towards working directly with building owners, which results in higher-margin projects. The company also expanded its footprint following the acquisition of Kent Island Mechanical to grow market share in the Washington, D.C. area. Looking ahead, the company lifted its full-year revenue guidance. Additionally, its full-year EBITDA guidance exceeded Wall Street's estimates. Overall, we think this was a very good quarter with few blemishes. Limbach is up 51.8% since the beginning of the year, but at $134.69 per share, it is still trading 9.9% below its 52-week high of $149.53 from July 2025. Investors who bought $1,000 worth of Limbach's shares 5 years ago would now be looking at an investment worth $36,894. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-07-2025
- Business
- Business Wire
Limbach to Announce Second Quarter 2025 Results
WARRENDALE, Pa.--(BUSINESS WIRE)--Limbach Holdings, Inc. (Nasdaq: LMB) ('Limbach' or the 'Company'), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced that it will release its second quarter 2025 financial results after the stock market closes on Tuesday, August 5, 2025. The Company will also host a conference call for analysts the following morning at 9:00 a.m. ET. Conference Call Details Date: Wednesday, August 6, 2025 Time: 9:00 a.m. ET Participant Dial-In Numbers: Domestic Callers: (877) 407-6176 International Callers: +1 (201) 689-8451 Access By Webcast The call will be simultaneously webcast over the Internet via the 'Investor Relations' section of Limbach's website at IR Events - Limbach or by using this direct link: An audio replay of the call will be archived on the Company's website. About Limbach Limbach is a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical (heating, ventilation, and air conditioning), electrical and plumbing infrastructure. We strive to be an indispensable partner to our customers by providing services that are essential to the operation of their businesses. We work with building owners primarily in six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment. We have approximately 1,600 team members in 21 offices across the eastern United States. Our team members uniquely combine engineering expertise with field installation skills to provide custom solutions that leverage our full life-cycle capabilities, which allows us to address both the operational and capital projects needs of our customers.
Yahoo
10-07-2025
- Business
- Yahoo
With acquisition, Limbach pushes into long-term facility services
This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. Pennsylvania-based Limbach Holdings extended a move into long-term service contracts by acquiring Minnesota-based mechanical contractor Pioneer Power, Inc., earlier this month for $66 million. Limbach specializes in developing and upgrading HVAC, plumbing and other facility infrastructure projects. With the acquisition, it's building on a shift since going public in 2021 to add more owner-direct relationships business to its portfolio. ODR business typically involves ongoing maintenance and repair work for facilities as part of longer term contracts. 'It aligns well with our strategic shift towards prioritizing ODR,' said Michael McCann, Limbach's president and CEO. The move into more ODR business enables Limbach to tap into an expanding profit area, says Valens Research. 'Over time, they expand the scope of services they take on for clients by cross-selling additional offerings and completing projects like equipment replacement,' Valens Research Chief Investment Strategist Joel Litman and Director of Research Rob Spivey say in their analysis. The majority of Pioneer Power's revenue comes from time and materials contracts, and small capital project work focused on maintenance, renovation and retrofit activity, according to Limbach. Pioneer's scope of work includes capital projects, facility expansions, renovations and retrofits, and recurring industrial maintenance services. It primarily operates in the upper Midwest. With the acquisition, Limbach is building on capabilities it acquired in its 2024 purchase of Consolidated Mechanical, which provides mechanical, millwright, steel fabrication, plumbing, maintenance and outage services in Kentucky, Michigan and Illinois. That deal was for $23 million. Under ODR contracts, Limbach works directly with building owners to provide facility services over extended periods — typically five to 10 years.
Yahoo
03-07-2025
- Business
- Yahoo
5 Must-Read Analyst Questions From Limbach's Q1 Earnings Call
Limbach's first quarter performance was met with a positive market reaction, reflecting the company's ability to outperform Wall Street expectations on both revenue and adjusted profits. Management attributed the robust results to the ongoing shift towards owner-direct relationships, with the Owner Direct Relationship (ODR) segment now making up nearly 68% of revenue. CEO Michael McCann highlighted the company's focus on building long-term partnerships with customers, particularly in the healthcare sector, which benefited from rising demand for deferred maintenance and infrastructure upgrades. McCann also noted the impact of recent investments in sales personnel, stating, 'This investment is an important step in the continued evolution of our relationship with our customers.' Is now the time to buy LMB? Find out in our full research report (it's free). Revenue: $133.1 million vs analyst estimates of $121.1 million (11.9% year-on-year growth, 10% beat) Adjusted EPS: $1.12 vs analyst estimates of $0.43 (significant beat) Adjusted EBITDA: $14.87 million vs analyst estimates of $10.34 million (11.2% margin, 43.8% beat) The company reconfirmed its revenue guidance for the full year of $620 million at the midpoint EBITDA guidance for the full year is $80 million at the midpoint, above analyst estimates of $78.6 million Operating Margin: 6.3%, in line with the same quarter last year Market Capitalization: $1.58 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Rob Brown (Lake Street Capital): Brown asked about the healthcare vertical's rebound and how deferred maintenance is impacting project activity. CEO Michael McCann described a 'slow ramp up' as hospitals prioritize long-term capital planning, supported by stable demand. Rob Brown (Lake Street Capital): Brown also questioned the effect of tariffs and whether project pull-forwards pose a risk. McCann stated that tariffs have been neutral so far, with the company's nimble model allowing quick cost pass-through and rapid project cycles. Chris Moore (CJS Securities): Moore inquired about the criteria for assigning account managers to ODR clients and the process for developing deep partnerships. McCann explained that account managers are deployed after careful analysis of client potential, with a focus on scaling local relationships to national accounts. Gerry Sweeney (ROTH Capital Partners): Sweeney sought details about the ramp-up and integration of new sales hires. McCann indicated that most new hires are onsite account managers, with a typical ramp dependent on client type and sales role. Brian Brophy (Stifel): Brophy asked if the acceleration seen in March was above normal seasonality and about recent industry disruptions. McCann attributed the uptick to both seasonality and the impact of new sales personnel, while noting that equipment transitions from regulatory changes can create decision points for customers. Looking forward, our analysts will be watching (1) the pace of ODR revenue growth and the ability to increase its share of total sales, (2) the effectiveness of new sales hires in winning recurring and higher-margin business, and (3) progress on geographic expansion through both acquisitions and organic growth. Additionally, integration success of recent acquisitions and responsiveness to tariff or input cost volatility will be key markers of execution. Limbach currently trades at $136.63, up from $103.13 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Business Wire
01-07-2025
- Business
- Business Wire
Limbach Acquires Pioneer Power
WARRENDALE, Pa.--(BUSINESS WIRE)--Limbach Holdings, Inc. (Nasdaq: LMB) ('Limbach', or the 'Company'), a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure, today announced that it has acquired Pioneer Power, Inc. ('Pioneer Power', or 'PPI') for a purchase price at closing of $66.1 million, financed through a combination of available cash and borrowings under the Company's recently expanded revolving credit facility. Founded in 1947 and formerly 100% ESOP-owned, PPI is a provider of industrial and institutional mechanical solutions serving healthcare, food, power/utility, oil refining and other select end markets in the Greater Twin Cities region and the Upper Midwest. PPI serves owners of mission critical facilities and leverages exceptional industrial piping, HVAC, and plumbing capabilities to execute complex facility shutdowns and turnarounds, capital projects, facility expansions, renovation and retrofit opportunities, and reoccurring industrial maintenance services. Limbach expects an incremental impact on revenue and adjusted EBITDA in 2025 and anticipates providing an updated outlook for fiscal 2025 when it reports second quarter 2025 results in August. PPI is currently expected to contribute annualized revenue and adjusted EBITDA of approximately $120 million and $10 million, respectively, beginning in 2026. The Company's primary focus will be on further integrating operations and unlocking synergies in 2026. The purchase price is subject to customary working capital adjustments and includes owned real property associated with PPI's headquarters, warehouse, and fabrication facility valued at approximately $4.6 million. In conjunction with the transaction, Limbach entered into an amendment to its credit agreement with its lender, Wheaton Bank & Trust Company, N.A., a subsidiary of Wintrust Financial Corporation, to expand the size of its revolving credit facility from $50 million to $100 million and make other conforming changes to the credit facility. Management Commentary 'We are excited to welcome the Pioneer Power team to the Limbach family,' said Michael McCann, President and Chief Executive Officer of Limbach. "This acquisition further expands our footprint in the core Midwest region and extends our reach into new geographic markets in the Upper Midwest. Since Pioneer Power generates the majority of its revenue through Owner Direct Relationships ('ODR'), primarily through time and materials contracts and small capital project work focused on maintenance, renovation and retrofit activity, it aligns well with our strategic shift towards prioritizing ODR. Its industrial expertise builds on the capabilities acquired in our recent acquisition of Consolidated Mechanical and brings many new blue-chip customers with extensive and diverse mechanical system needs in large facilities. Our immediate focus will be on integrating operations and unlocking value by applying our proven value creation strategies to grow market share among core customers, improve gross margins over time, and deepen customer relationships as a trusted provider of mission-critical mechanical services. 'With this transaction, Limbach has paid more than $150 million in total consideration for strategic acquisitions since becoming public, all without issuing any stock as consideration. We've managed to grow aggressively while preserving stockholder value—financing acquisitions through disciplined cash flow management and targeted use of our balance sheet. Through this prudent financial management, we have maintained significant financial flexibility and low leverage, and we remain well positioned to continue to support organic and acquisition-driven growth initiatives. 'I want to thank the Pioneer Power leadership team, its ESOP shareholders, and its skilled tradespeople for building a highly regarded and capable organization. We appreciate their highly compatible culture and approach to risk management, and commitment to optimizing customers' facilities through value-enhancing mechanical system solutions,' concluded McCann. Larry Stevens, Jr., Pioneer Power's President, added, 'The combination of Pioneer Power into Limbach will provide our customers, employees and other stakeholders access to considerable resources to better serve their needs. We are excited to be part of the Limbach organization and look forward to further extending our industrial presence in the Upper Midwest market.' About Limbach Limbach is a building systems solutions firm that partners with building owners and facilities managers who have mission-critical mechanical (heating, ventilation, and air conditioning), electrical and plumbing infrastructure. We strive to be an indispensable partner to our customers by providing services that are essential to the operation of their businesses. We work with building owners primarily in six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment. We have approximately 1,600 team members in 21 offices across the eastern United States. Our team members uniquely combine engineering expertise with field installation skills to provide custom solutions that leverage our full life-cycle capabilities, which allows us to address both the operational and capital projects needs of our customers. About Pioneer Power Pioneer Power is a full-service mechanical contractor headquartered in the Twin Cities, serving the Upper Midwest since 1947. It specializes in pipe fabrication and installation, HVAC, plumbing, sheet metal, mechanical maintenance, and project management. Pioneer Power supports critical infrastructure across key markets, including healthcare, manufacturing, energy, food and beverage, data centers, water and wastewater, and government. Known for its commitment to safety, quality, and reliability, Pioneer Power delivers complex mechanical solutions. More information can be found at Forward-Looking Statements We make forward-looking statements in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events, including, without limitation, our earnings, Adjusted EBITDA, projected revenues and EBITDA production from acquisitions, including from Pioneer Power, revenues, expenses, backlog, capital expenditures or other future financial or business performance or strategies, results of operations or financial condition, timing of the recognition of backlog as revenue, the potential for recovery of cost overruns, and the ability of Limbach to successfully remedy the issues that have led to write-downs in various business units and the Company's business being negatively affected by the health crises or outbreaks of diseases, such as epidemics or pandemics (and related impacts, such as supply chain disruptions). These statements may be preceded by, followed by or include the words 'may,' 'might,' 'will,' 'will likely result,' 'should,' 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'expect,' 'anticipate,' 'believe,' 'seek,' 'continue,' 'target,' 'goal,' or similar expressions. These forward-looking statements are based on information available to us as of the date they were made and involve a number of risks and uncertainties, which may cause them to turn out to be wrong. There may be additional risks that we consider immaterial or which are unknown. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Please refer to our most recent annual report on Form 10-K, as well as our subsequent filings on Form 10-Q and Form 8-K, which are available on the SEC's website ( for a full discussion of the risks and other factors that may impact any forward-looking statements in this press release.
