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Limbach Holdings Reports Second Quarter 2017 Results

LIMBACH HOLDINGS (LMB)  More Company Research Source: Business Wire
PDF Second Quarter 2017 Revenues up 21.9%; Backlog up 23.5% from March 31, 2017 Conference Call Scheduled for 9:00am ET Tuesday August 15, 2017 PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc. (NASDAQ:LMB) (“Limbach” or the “Company”) today announced financial results for the quarter ended June 30, 2017. Revenues increased 21.9% versus the prior year period to $117.8 million in the second quarter of 2017. Construction segment revenue of $96.2 million grew 24.4% from the prior year quarter while Service segment revenues rose 11.9%. Other key financial highlights of the quarter included: Diluted EPS was $0.05 during the quarter. Excluding the impact of certain non-recurring 2016 audit expenses, diluted EPS would have been $0.10. Gross margin was 13.2%, compared with 12.0% in the first quarter of 2017. This continued the trend seen last quarter of imp [Read more]

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