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Stock impact report

Limbach Holdings, Inc. Announces First Quarter 2024 Results [Yahoo! Finance]

Limbach Holdings, Inc. (LMB) 
Last limbach holdings, inc. earnings: 11/14 05:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.limbachinc.com
Company Research Source: Yahoo! Finance
Record Quarterly Consolidated Gross Margin of 26.1% Quarterly Net Income of $7.6 million, up 153.5% for the period and Adjusted EBITDA up 35.4% Year-over-Year Increase in 2024 Adjusted EBITDA Guidance Range - $51 million to $55 million WARRENDALE, Pa., May 08, 2024 BUSINESS WIRE )--Limbach Holdings, Inc. (Nasdaq: LMB) ("Limbach" or the "Company") today announced its financial results for the quarter ended March 31, 2024. 2024 First Quarter Financial Overview Compared to 2023 First Quarter ODR revenue increased 26.5%, or $15.5 million, to $74.3 million accounting for 62.4% of consolidated revenue. Consolidated revenue was $119.0 million, a decrease of 1.7% from $121.0 million. Total gross profit was $31.1 million, an increase of 18.5% from $26.2 million. ODR gross profit accounted for $22.2 million, or 71.3%, of total gross profit. Net income of $7.6 million, or $0.64 per diluted share, compared to net income of $3.0 million, or $0.27 per diluted share. Adjusted EB Show less Read more
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