Overview

* Limbach Holdings Inc ( LMB ) Q2 revenue rises 16.4% yr/yr but misses analyst expectations

* Adjusted EBITDA for Q2 grows 30%, driven by Owner Direct Relationships segment

* Co, which focuses on installation and maintenance of mechanical, electrical, and plumbing systems, raises FY 2025 revenue guidance

Outlook

* Limbach ( LMB ) raises full-year 2025 revenue guidance to $650 mln - $680 mln

* Company increases 2025 adjusted EBITDA guidance to $80 mln - $86 mln

Result Drivers

* ODR GROWTH - Revenue from Owner Direct Relationships grew 31.7%, driven by strategic focus on higher-margin business

* MARGIN EXPANSION - Increased gross profit attributed to higher-margin ODR segment work

* STRATEGIC INVESTMENTS - Co invests in sales organization to enhance national account approach and customer collaboration

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $142.24 $144.20

Revenue mln mln (4

Analysts

)

Q2 Net $7.76

Income mln

Q2 Gross $39.83

Profit mln

Q2 $29.18

Operatin mln

g

Expenses

Q2 $10.64

Operatin mln

g Income

Q2 $10.76

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Limbach Holdings Inc ( LMB ) is $141.50, about 4.7% above its August 4 closing price of $134.84

* The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)