Limbach Holdings, Inc. is a building systems solution company in the United States, operating through two segments: Owner Direct Relationships and General Contractor Relationships. It engages in construction and renovation projects primarily involving mechanical, electrical, plumbing, and controls (MEPC) services. The company also provides professional and consultative services, inspection, troubleshooting, repair, system and facility assessments, turnkey rental equipment, MEPC infrastructure solutions, and customized solutions. It serves research, acute care, and inpatient hospitals; public and private colleges, universities, and research centers; entertainment facilities, amusement rides and parks; data centers; automotive, energy, and general manufacturing plants; and life sciences organizations. Additionally, it operates as a mission-critical program management and consulting firm specializing in complex data center infrastructure projects. Founded in 1901, Limbach Holdings, Inc. is headquartered in Tampa, Florida.
Tutor Perini reported second-quarter revenues of $1.64 billion, up 19.2% year on year and 4.4% above analysts' expectations, in what the company called an incredible quarter that also included a beat of analysts' EPS estimates and full-year EPS guidance exceeding expectations. The stock is down 1.5% since reporting and currently trades at $83.29. Among the 11 construction and maintenance services stocks tracked, group revenues beat consensus estimates by 3.6% while next quarter's revenue guidance came in 6.2% above, though share prices across the group are down 11.5% on average since the latest earnings results. MYR Group reported revenues of $1.08 billion, up 20.1% year on year and 8.3% above expectations, with the stock down 8.3% since reporting at $295.29. Matrix Service posted revenues of $244.5 million, up 13% year on year but 1% short of expectations, and its stock is down 9.7% at $9.81. Concrete Pumping reported revenues of $116.8 million, up 12.6% year on year and 6.5% above expectations, with its stock up 6.1% at $9.61, while Limbach reported revenues of $173.5 million, up 21.9% year on year but 2.1% below expectations, and its stock is down 33.4% at $51.33.
Limbach Holdings reports Q2 2026 results and acquires Simpcore
Limbach Holdings reported second quarter 2026 results and announced the acquisition of Simpcore. Total revenue was $173.5 million, an increase of 21.9% compared to the prior year quarter, primarily driven by a $30.9 million contribution from the Pioneer Power acquisition. Net income was $4.7 million, a 38.8% decrease from $7.8 million in the second quarter of 2025, and diluted EPS was $0.39 compared to $0.64. Adjusted EBITDA was $13.9 million, a 22.3% decrease from $17.9 million, with adjusted EBITDA margin of 8%, down from 12.6%. The company also completed the acquisition of CYMCOR for $30 million on August 4, 2026, funded through available cash and its revolving credit facility, and expects CYMCOR to generate $12 million of revenue and $4 million of adjusted EBITDA in fiscal year 2027. Fiscal 2026 revenue guidance was raised to $760 million to $790 million, while adjusted EBITDA guidance was lowered to $78 million to $84 million.
LMB · Capital · Neutral Q2 revenue up 21.9% but net income and adjusted EBITDA down; guidance raised for revenue but lowered for EBITDA; acquisition of CYMCOR adds revenue and EBITDA.
Limbach Holdings reported second-quarter 2026 net income fell 39% to $4.7 million, or $0.39 per diluted share, even as revenue rose 22% to $173.5 million, as gross margin contracted to 21.5% from 28% a year earlier. Adjusted EBITDA dropped 22% to $13.9 million, and the company lowered its full-year adjusted EBITDA forecast to between $78 million and $84 million while raising its revenue outlook to $760 million to $790 million. Management cited project timing, softness in healthcare and institutional markets, and competition for labor and materials as key pressures. Limbach also announced the $30 million acquisition of data-center program manager CYMCOR, which is expected to contribute $12 million in revenue and $4 million in adjusted EBITDA in 2027. The company described 2026 as a reset period focused on margins, data centers, industrial expansion, and integration.
Limbach (LMB): Buy, Sell, or Hold Post Q1 Earnings?
Limbach has been treading water for the past six months, recording a small loss of 1.9% while holding steady at $77.06, falling short of the S&P 500's 7.7% gain during that period. The company's annualized revenue growth of 12.6% over the last two years is above its five-year trend, suggesting demand recently accelerated. Earnings per share grew at a 38.1% compounded annual growth rate over the last five years, outpacing its 3.8% annualized revenue growth and indicating improved profitability. Free cash flow margin expanded by 7.3 percentage points over the last five years, with the trailing 12-month margin at 5.2%, reflecting a less capital-intensive business. The stock trades at 17.4 times forward price-to-earnings, or $77.06 per share.
LMB · Capital · Neutral Article discusses Q1 earnings, revenue growth, profitability, and valuation, but does not provide a clear positive or negative catalyst; it's a neutral analysis.
StockStory Highlights MSA Safety and Limbach as Cash-Producing Stocks, Flags Bristol-Myers Squibb Headwinds
StockStory identifies MSA Safety and Limbach as cash-producing stocks worth investigating, while warning that Bristol-Myers Squibb faces headwinds. Bristol-Myers Squibb's trailing 12-month free cash flow margin stands at 24.6%, but the company has seen annual revenue growth of only 2.6% over the last five years and an estimated sales decline of 5.5% for the next 12 months, with its adjusted operating margin falling by 10.4 percentage points. MSA Safety, with a free cash flow margin of 16.1%, has grown annual earnings per share by 14.1% over five years, boosted by share buybacks, and its free cash flow margin expanded by 6.6 percentage points. Limbach, at a 5.2% free cash flow margin, delivered 12.6% annual revenue growth over the last two years and 29.1% annual earnings per share growth, while its free cash flow margin widened by 7.3 percentage points over five years.
StockStory Highlights Limbach and Tradeweb as Buys, Flags DXC as a Sell
StockStory identifies Limbach and Tradeweb Markets as profitable stocks worth buying, while recommending investors avoid DXC Technology. Limbach, an integrated building systems solutions provider, posted 12.6% annual revenue growth over the past two years and a 29.1% annual increase in earnings per share, with its free cash flow margin expanding by 7.3 percentage points over five years. Tradeweb Markets, an electronic trading platform operator, achieved 23.4% annual revenue growth and 23.5% annual earnings per share growth over the same period. In contrast, DXC Technology faces a projected 3.6% sales decline over the next 12 months and has struggled with below-average returns on capital. Limbach trades at 17.2 times forward earnings, Tradeweb at 24.3 times, and DXC at 3.4 times.
Limbach Holdings Highlights Modular Construction for Data Center Cooling
Limbach Holdings highlighted its modular construction solutions for data centers on June 18, positioning its prefabrication and MEPC platform around faster delivery of mission-critical infrastructure. The company supports owners with utility plants, mechanical skids, equipment modules, prefabricated piping systems, design-assist work, BIM coordination, virtual construction, constructability reviews, logistics planning, commissioning, startup, and Day 2 operations. Its data-center work includes HVAC, mechanical systems, plumbing, electrical infrastructure, and controls, all centered on heat removal and uptime. As AI facilities push higher rack density, modular mechanical systems and prefabricated piping can reduce on-site complexity and speed deployment of cooling-support infrastructure. Limbach says its approach helps data-center owners maintain uptime, increase density, and scale facilities more efficiently.
LMB · Demand · Positive Limbach highlights its modular construction solutions for data center cooling, positioning to capture demand from AI-driven higher rack density.
United States