Earnings Releases·Nov 3, 2026, 4:33 PM ET

Limbach Holdings, Inc. — Third Quarter 2026 Earnings Summary

Total revenue rose 24.9% YoY to $230.5 million, driven by an 84.7% surge in General Contractor Relationships (GCR) and 6.6% growth in Owner Direct Relationships (ODR), while adjusted net income and adjusted EBITDA increased 29.0% and 25.9% YoY to $16.4 million and $27.4 million, respectively.
Full-year 2026 guidance remains unchanged at $760–$790 million revenue and $78–$84 million adjusted EBITDA, with management confident in finishing at or near the high end of these ranges due to strong organic growth and acquisition contributions.
Strategic expansion included two Q3 acquisitions (CYMCOR and 1901) contributing $19.3 million in revenue, with management targeting margin improvement for these entities over the next 2–3 years and planning to deploy free cash flow toward debt reduction.
Capital allocation saw $10.0 million in common stock repurchases over the first nine months of 2026, while operating cash flow strengthened to $20.3 million and the company maintains $125.0 million available under its revolving credit facility.