NASDAQ$LMB

Limbach Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Achieved gross margin increase to 15.2% due to owner-direct shift acceleration.

Limbach Holdings reported a decrease in consolidated revenues by 18.3% to $113.3 million, but an increase in gross margin to 15.2%. The company is focusing on higher margin opportunities for strategic customers and shifting towards an owner-driven business model.

  • Gross margin improved to 15.2%, up from 13.1% year-over-year.
  • Consolidated revenue decreased by 18.3% to $113.3 million.
  • GCR segment revenue decreased by 22.5% year-over-year, while ODR segment revenue remained relatively flat.
  • Net loss for the quarter was $2.3 million, compared to a net loss of $0.1 million in the prior year.

Headline financials

Total Revenue

$113M

Previous: $139M-18.3%
EPS (adj)

-$0.03

Previous: -$0.01-200.0%
Gross Margin

15.2%

Previous: 13.1%+16.0%
Adjusted EBITDA

$2.1M

No prior period
Capital Expenditures

-$221K

Previous: -$501K+55.9%
Free Cash Flow

-$2.5M

Previous: -$553K-352.6%
Net Income

-$2.28M

Previous: -$52K-4288.5%
Operating Income

-$20K

Previous: $1.28M-101.6%
Gross Profit

$17.2M

Previous: $18.2M-5.5%
Cash & Equivalents

$37.2M

Previous: $10.7M+247.6%
Total Assets

$256M

Previous: $263M-2.5%
Stock-Based Comp

$677K

Previous: $295K+129.5%

Revenue & EPS history

Limbach · Revenue · Quarterly

$113M

Q1 2021-18.3%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Limbach forecasts revenue to be between $480 million and $520 million, and Adjusted EBITDA of $23 million to $27 million for the full year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.8%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+6.1%

Avg return

30 days after

59%

26 / 44 earnings

Positive

+27.5%

Q3 2024

Best reaction

-42.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.9%-29.7%-17.6%
Q4 2025-1.6%-7.9%-9.8%
Q3 2025-7.3%-14.0%-18.8%
Q1 2025+11.2%+18.4%+29.8%
Q4 2024+15.6%+11.0%+12.7%
Q3 2024+27.5%+31.7%+36.0%
Q2 2024+13.9%+13.0%+18.0%
Q1 2024-1.1%+4.7%+19.0%
Q4 2023-16.0%-14.8%-20.3%
Q3 2023+16.3%+16.5%+38.3%
Q2 2023+22.7%+18.9%+31.3%
Q1 2023+18.6%+13.6%+37.9%
Q4 2022+7.8%+15.9%+22.1%
Q3 2022+14.2%+13.7%+42.9%
Q2 2022+4.6%+14.9%+42.1%
Q1 2022-5.8%-1.7%+13.4%
Q4 2021-3.4%-7.7%-7.0%
Q3 2021+1.4%-2.0%+3.4%
Q2 2021-10.3%-7.8%-26.0%
Q1 2021-12.1%-11.2%-10.1%
Q4 2020+2.3%-9.3%-3.6%
Q3 2020+1.2%+9.8%+40.1%
Q2 2020+4.0%+13.9%+56.4%
Q1 2020+25.5%+21.3%+13.9%
Q4 2019+1.4%-7.3%+9.8%
Q3 2019-33.8%-36.8%-37.5%
Q2 2019-42.4%-44.0%-40.5%
Q1 2019+20.1%+35.1%+5.4%
Q4 2018+12.4%+17.7%+7.2%
Q3 2018-19.8%-22.0%-25.1%
Q2 2018-3.1%-6.6%-9.5%
Q1 2018-3.7%-4.3%-14.5%
Q4 2017+3.4%+8.8%+5.1%
Q3 2017-6.5%-7.6%-0.2%
Q2 2017+3.9%+2.5%+5.9%
Q4 2016+0.1%-2.4%-7.6%
Q1 2017+0.1%-0.9%-4.5%
Q3 2016+6.1%+5.4%-8.0%
Q4 2015+0.7%
Q2 2015+0.6%
Q1 2015-0.3%
Q4 2014+0.0%
Q3 2014+0.0%
Q2 2014-0.1%

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