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Limbach Holdings Q4 Net Income Rises, Revenue Falls; Sets 2024 Revenue Outlook, Shares Fall
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Limbach Holdings Q4 Net Income Rises, Revenue Falls; Sets 2024 Revenue Outlook, Shares Fall
Mar 13, 2024 2:30 PM

05:08 PM EDT, 03/13/2024 (MT Newswires) -- Limbach Holdings ( LMB ) reported Q4 net income Wednesday of $0.44 per diluted share, up from $0.35 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended Dec. 31 was $142.7 million, down from $143.5 million a year ago. Analysts surveyed by Capital IQ expected $129.4 million.

The company expects 2024 revenue between $510 million and $530 million. Analysts polled by Capital IQ expect $541.1 million.

Limbach ( LMB ) shares were down 8% in recent after-hours activity.

Price: 45.8, Change: -3.96, Percent Change: -7.96

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