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Limbach Holdings Reports First Quarter 2017 Results

LIMBACH HOLDINGS (LMB)  More Company Research Source: Business Wire
PDF First Quarter 2017 Revenues up 17.8%, Led by Service Revenue Growth of 46.5% Conference Call Scheduled for 9:00am ET Tuesday May 16, 2017 PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc. (NASDAQ:LMB) (“Limbach” or the “Company”) today announced financial results for the quarter ended March 31, 2017. Revenues increased 17.8% to $115.2 million in the first quarter of 2017. Service segment revenue of $23.7 million grew 46.5% from the prior year while Construction segment revenues rose 12.1%. Other key financial highlights of the quarter included: Gross margin was 12.0%, compared with 11.3% in the fourth quarter of 2016 as the project mix in the Construction segment improved while higher-margin Service segment revenues continued to increase. Year over year Construction segment revenue growth of 12.1% was nearly double that of the broader non-residential [Read more]

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