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Limbach Holdings Reports Third Quarter 2017 Results

LIMBACH HOLDINGS (LMB)  More Company Research Source: Business Wire
PDF Third Quarter 2017 Revenues of $121.3 million; Service Revenues of $25.5 million Conference Call Scheduled for 9:00am ET Wednesday November 15, 2017 PITTSBURGH--(BUSINESS WIRE)-- Limbach Holdings, Inc. (NASDAQ: LMB) (“Limbach” or the “Company”) today announced financial results for the quarter ended September 30, 2017. Revenues increased 2.1% versus the prior year period to $121.3 million in the third quarter of 2017. Service segment revenue of $25.5 million grew 23.0% from the prior year quarter while Construction segment revenues declined 2.3% due to backlog booked in the strong second quarter that was not scheduled to commence work until after Q3. Other key financial highlights of the quarter included: Gross margin was 12.7%, compared with 12.8% in the third quarter of 2016. Gross margin in the third quarter of 2017 was negatively impacted by charges incurred on thr [Read more]

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