NASDAQ$LMB

Limbach Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a 1.3% increase in consolidated revenue and improved gross margins to 16.0%.

Limbach Holdings, Inc. reported a slight increase in consolidated revenue, driven by strong growth in the ODR segment, and improved gross margins. The company is focusing on serving facility owners and expects business activity to be back half-loaded, similar to 2021.

  • Consolidated revenue increased by 1.3% compared to Q1 2021.
  • ODR segment revenue increased by 50.3% year-over-year.
  • Gross margins improved to 16.0% from 15.2% in Q1 2021.
  • ODR backlog grew by 9.1% from December 31, 2021, and 102.3% from March 31, 2021.

Headline financials

Total Revenue

$115M

Previous: $113M+1.3%
EPS (adj)

-$0.15

Previous: -$0.03-400.0%
Adjusted EBITDA

$3.42M

Previous: $2.1M+62.9%
Capital Expenditures

-$169K

Previous: -$221K+23.5%
Free Cash Flow

-$1.69M

Previous: -$2.5M+32.7%
Net Income

-$1.52M

Previous: -$2.28M+33.6%
Operating Income

-$793K

Previous: -$20K-3865.0%
Gross Profit

$18.3M

Previous: $17.2M+6.4%
Cash & Equivalents

$18.1M

Previous: $37.2M-51.4%
Total Assets

$281M

Previous: $256M+9.6%
Stock-Based Comp

$599K

Previous: $677K-11.5%

Revenue & EPS history

Limbach · Revenue · Quarterly

$115M

Q1 2022+1.3%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Limbach expects consolidated revenue to be in the range of $510 million to $540 million with Adjusted EBITDA of between $25 million and $29 million for 2022.

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 2022

Historical avgQ1 2022

+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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