NASDAQ$LMB
Limbach Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a solid third quarter with revenue driven by Owner Direct Relationships (ODR) segment and improved gross margin.
Limbach Holdings, Inc. reported consolidated revenue of $122.4 million for Q3 2022, a decrease of 5.3% compared to Q3 2021. The ODR segment revenue increased by 52.2% year-over-year and accounted for 48.8% of consolidated revenue. Consolidated gross margin improved to 20.3%. Net income was $3.6 million, and Adjusted EBITDA was $10.2 million, up 25.7% from the prior year.
- Consolidated revenue was $122.4 million, a decrease of 5.3% from $129.2 million.
- ODR segment revenue increased by 52.2% year-over-year, accounting for 48.8% of consolidated revenue.
- Consolidated gross margin improved to 20.3% from 18.9%.
- Adjusted EBITDA increased by 25.7% to $10.2 million from $8.1 million.
Headline financials
Revenue & EPS history
Limbach · Revenue · Quarterly
$122M
Forward guidance
The company tightened revenue guidance and increased Adjusted EBITDA guidance for FY 2022.
Tailwinds
- Revenue guidance: $510 million - $530 million
- Adjusted EBITDA guidance: $27 million - $30 million
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 Q3 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
| Quarter | Report date | Reaction (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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